Trade Recommendation: Ethereum Classic

The price bounced from 10.00 support level and broke the downtrend line. It shows that the market is going to move upward. MACD supports upward movement and DMI allows opening long trades. We have good trading opportunity. Pending orders for buy should be placed above 11.00 resistance level. Stop orders must be below the local swing low at 9.50 level. Profit targets are 12.50 and 16.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: ETCUSD
Buy: 11.10
Stop: 9.50
Profit Targets: 12.50 and 16.00

The trading signal is based on Poloniex chart.   

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.