tekolo
Long

Trading idea for ETC/USD LONG - Current price 15.542 USD

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
The graph is self-explanatory and it is commented on the main aspects of the operation using Ichimoku strategy. Additionally, if we look ADX + DI , Di+ is bearish and it confirms the strength of sellers.

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Buy: As explained above. This is not an exact price but an event.
Take-profit (short term): ~ from 17.5 to 18.35
Take-profit (medium term): ~from 19.0 to 21.0
Stop-loss: ~ 14.6
Initial stop loss determined using lead line (Kumo basis).

For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.

Warning! You should not invest more than 10% of your available capital to trade.

You can find this strategy here.
Order cancelled: Chikou didn't break the kumo hard enough, after that the price looked for support in the kumo and tenkan crossed down to kijun, sign of a bearish trend. Now we should be waiting for a new alignment of the different ichimoku components to signal a new bullish trend and set up a long entry accordingly.
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