DLavrov

Ethereum Classic Buy Opportunity

Long
POLONIEX:ETCUSDT   Ethereum Classic / Tether USD
New buy opportunity for Ethereum Classic. The price moves in the horizontal channel between 12.50 and 11.00 levels. We have a price reversal from the support level. RSI confirms price reversal and MACD supports upward movement. Pending orders for buy can be placed at 11.50 level with stop orders at 10.50 level. If you consider this trade as a short term, the main profit target is 12.50 resistance level. But also the current levels can be good for long term trading. If so, the profit targets should be at 16.00 and 22.00 levels. You can also combine these 2 variants and fix profit by parts at 12.50, 16.00 and 22.00 levels.

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