Hello, Traders! Monfex is at your service and today we overview ETC/USD.
For now Ethereum Classic has the bearish divergence with RSI that can tell us about nearest target - the support zone.
First scenario: After reach the support zone ETC will bounce up from it and break the resistance line with goal of ex-support line and MA200 also will be there.
Active Trade Signal by ETC/USD in long case:
Buy near $ 4,74
Take profit $ 5,30
Stop at $ 4,55
Second scenario: ETC will break the support zone and will go down.
Active Trade Signal by ETC/USD in short case:
Sell near $ 4,33
Take profit $ 4,06
Stop at $ 4,44
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.