ETC Ethereum Classic - Jan 19 - Setups - Bullish for 36%, Bearish for 25%

Two potential cases

We see a possible pattern emerge with indecision currently where the daily candle body is between the 55 EMA. If successfully closes above it with volume and with a bullish candle, a scenario is possible. This setup assumes a double top scenario. There is a 50% chance though as traders we must plan ahead for setups such as these to have multiple opportunities ahead of time.

There is also a bearish opportunity where it breaks the trend line support, falling to the $23.25-$24 ranges, where the previous supports are based on price action and resistance.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Quick Intro to Analyzing Level 2
Lesson 11 Introduction to Laddering

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