Trade Recommendation: Ethereum Classic
The price bounces from the support zone formed by SMA50 and the uptrend line. RSI confirms price reversal and MACD histogram is going to support further upward movement. If the price moves above 16.00 resistance level, we’ll get an additional confirmation that the market is going to reach the previous highs. Pending orders for buy can be placed at 16.50 level with stop at 13.80 level. Profit targets are 20.00 and 22.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 20.00 and 22.00
The trading signal is based on Poloniex chart.