TradingShot

ETCUSD Two Buy Levels for short and long-term

Long
BITFINEX:ETCUSD   Ethereum Classic
Pattern: Fibonacci Channel on 1D.

Signal: Buy short-term on the 1D MA20 (light blue trend-line) which has been a confirmed buy level since April 23. Buy long-term within the 1D MA50 (dark blue trend-line) and the 4H MA400 (yellow trend-line) which has been a confirmed buy zone since January 03. 1D RSI on Support (Double Bottom).

Target: 400.000 (below the 2.5 Fibonacci extension assuming 78.000 was the bottom). It is also below the 5.5 Fib ext of the Channel.




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