Trade Recommendation: Ethereum Classic

The price broke the downtrend line. It can be a good signal confirming further upward movement. MACD gives bullish signal and DMI shows that we should not expect for strong downward movement. It’s trading opportunity. Pending orders for buy can be placed above the previous high at 27.00 level. Stop orders must be placed at 23.80 level. The main profit target is 32.00 resistance level. If you don’t use leverage, trading volume for this trade is up to 5% from your deposit.

Market: ETCUSDT
Buy: 27.00
Stop: 23.80
Profit Targets: 32.00

The trading signal is based on Poloniex chart.

Disclaimer: The analyst are some invested in Ethereum Classic.

Featured image courtesy of Shutterstock.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.