Samppa290
Long

ETC could reach 50$ by the end of January

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
We are looking 2 hour chart. ETC just reached its new high. As you can see ETC is surging slowly. Ethereum Classic has support level at 39$ which is also near 38% fibonacci level. Eteherum Classic has major support level at 32$ but it's unlikely going to fall there. If surging doesn't accelerate ETC will reach 50$ by the end of January.
on a short-term 2 hour MACD has just closed and showing sell signal. 4 hour MACD is still open.

This is not financial advice.

Feedback and comments are greatly appreciated.
Comment: Let's see if major support level holds.
I will update this soon
Comment: It looks that major support level holds
Trade closed manually
Will probably hit $5 first
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been holding a long position on that .. reduced to 10% of my position and rebuying on lowest i can get .. what do you think will be the minimum ??
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@XlodX, If support fails at 32$ then ETC might probably go to 26$
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XlodX Samppa290
@Samppa290, will be buying some @ 30 and wait to rebuy @ 26 if it went there
+1 Reply
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