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DLavrov
Jul 28, 2017 11:11 AM

ETC Trading Opportunity 

Ethereum Classic / Tether USDPoloniex

Description

New price channel was formed between 14.80 and 14.00 levels. If price continues movement in this channel, we should buy from the bottom border and sell at the top border. All price reversals must be confirmed buy RSI. If we have a breakout from this channel, it will be a trading signal too. Be ready to such price movement. If the market breaks the resistance level, we'll buy with stop orders below the local swing low. Profit target for long trades should be at 15.60 resistance level. If the market breaks the support level, we'll see downward movement to a new reversal zone near 13.20 level and new trading opportunity.
Comments
RoCano
Hi! @DLavrov Any update?
abuhossam1000
Bitcoin is going up , others coming down! Something happens for the first time. Is it a trap ? People buy ETH and others thinking it will follow BTC. I mean the rise in BTC is just to attract people to buy other coins under selling?!
DLavrov
@abuhossam1000, It's a trap. It looks like this.
andrewdziouba
well, that was short lived...
CryptoNigeria
If price continues movement in this channel we should buy .....please how we know that sir.
The-Student
@CryptoNigeria, if it goes below $14 then don't buy.
The-Student
@CryptoNigeria, now wait until it hits around 13.20.
All subject to change because so much volatility so do homework before you buy near 13.20. I am not affiliated with DL so do not assume i am in line with him. This is my own interpretation from his stmt.
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