On H4, ETC formed the double bottom and broke out of the downtrend. We will enter the trade here and expect to take 20-30% profit.
Risk/Reward: 4.29
Target profit: 21-23
Stoploss: Under 17
Good luck!
Risk/Reward: 4.29
Target profit: 21-23
Stoploss: Under 17
Good luck!
Trade closed: stop reached
Expect the price to calm down at 15.5-16 USD then we can re-enter the trade.
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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.