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FOREXIR
May 23, 2022 3:36 PM

ETCUSD Long

Ethereum Classic / US DollarBinance

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.87 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 76.

Take Profits:
TP1= @ 23.99
TP2= @ 25.18
TP3= @ 26.95
TP4= @ 28.23
TP5= @ 30.90

SL= Break below S2

Trade closed: target reached

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