Having just locked in 10% with our Long trade on #ETC we're looking at a small but well-worth-doing Short trade, expected returns of around 10%.
We've seen the price test and get rejected several times by the upper resistive trend line and now we seem to be trapped in a wedge formation - the price may trend within this range for a small time but given Crypto market sentiment after the recent Bull run, we can see some volatility coming!
We don't see massive gains on this one, but 10% is 10%!
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We've stayed high (but still under our descending trend line).
A quick retest and rejection downward now? What do you think?
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We're still ranging between that upper trend line and the lower support line.
When are we going to break!?
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#ETC Busted through our Take Profit zone all the way to lower support - we should expect some horizontal movement for a little while now!