Ethereum Classic has broken the ascending trendline and is being rejected on 50MA.
Current Price= 0.0013729
Sell Entry = 0.0013941 - 0.0015411
Take Profit= 0.0010910 | 0.0008932 | 0.0006682
Stop Loss= 0.0017955
Risk/Reward= 1:1.15 | 1:1.75 | 1:2.43
Expected Profit= +25.64% | +39.12% | +54.45%
Possible Loss= -22.38%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
Website: ethereumclassic.org/
Current Price= 0.0013729
Sell Entry = 0.0013941 - 0.0015411
Take Profit= 0.0010910 | 0.0008932 | 0.0006682
Stop Loss= 0.0017955
Risk/Reward= 1:1.15 | 1:1.75 | 1:2.43
Expected Profit= +25.64% | +39.12% | +54.45%
Possible Loss= -22.38%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 1x
Estimated Gain-time= 2 months
Website: ethereumclassic.org/
Trade active
2/3 entries filledEthereum Classic got rejected on 50MA as planned and is now heading down, bringing up to +19.13% (1x) already!
Trade closed: target reached
TP2 reached with +39.6% and +1.75REthereum Classic continue the downtrend almost hitting last target.
50MA kept acting as resistance and seems about to be regained now!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.