Trade Recommendation: Ethereum Classic | Hacked: Hacking Finance
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Trade Recommendation: Ethereum Classic

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Trade Recommendation: Ethereum Classic

Introduction

This article was posted on Wednesday, 21:29, UTC.

The price bounces from SMA20 and it can be a confirmation of further upward movement. MACD histogram and RSI confirm price reversal. DMI confirms trend market conditions. We could buy, but 16.00 resistance level can be a barrier for price movement. It will be correctly to wait when the market moves above 16.00 level. Also it’s possible to place pending orders for entry at 16.25 level. Stop orders must be at 15.65 level. The main profit target is at 17.00 resistance level. The other part of trading volume could be closed at 18.00 level. If the price drops below 15.00 level, pending orders for buy must be deleted. We’ll have to wait for new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Buy: 16.25
Stop: 15.65
Profit Targets: 17.00

The trading signal is based on Poloniex chart.

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Dmitriy Lavrov

Dmitriy Lavrov

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.

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