$ETC/USDT 1h (Binance Futures) Descending channel on resistance
Updated
Ethereum Classic is retracing down and just broke an ascending Trend-Line (TL), we expect to continue after a last retest of 100EMA.
Current Price= 100.746
Sell Entry = 104.686 - 109.200
Take Profit= 90.100 | 80.755 | 69.155
Stop Loss= 120.471
Risk/Reward= 1:1.25 | 1:1.94 | 1:2.79
Expected Profit= +31.50% | +48.98% | +70.66%
Possible Loss= -25.30%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 100.746
Sell Entry = 104.686 - 109.200
Take Profit= 90.100 | 80.755 | 69.155
Stop Loss= 120.471
Risk/Reward= 1:1.25 | 1:1.94 | 1:2.79
Expected Profit= +31.50% | +48.98% | +70.66%
Possible Loss= -25.30%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade closed: target reached
TP2 would have been reached with +48.98% (2x) Unfortunately, Ethereum Classic missed entry by 1.151$, that was close!
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