$ETC/USDT 3h (#BinanceFutures) Descending trendline breakout
Updated
Ethereum Classic just regained 100EMA support and looks good for bullish continuation.
ethereumclassic.org/
Current Price= 32.650
Buy Entry= 32.535 - 31.579
Take Profit= 34.826 | 37.111 | 40.293
Stop Loss= 29.745
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.56
Expected Profit= +25.92% | +47.31% | +77.07%
Possible Loss= -21.63%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 3 weeks
Contracts:
#Mainnet
#BEP20 0x3d6545b08693dae087e957cb1180ee38b9e3c25e
#BEP2 ETC-758
ethereumclassic.org/
Current Price= 32.650
Buy Entry= 32.535 - 31.579
Take Profit= 34.826 | 37.111 | 40.293
Stop Loss= 29.745
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.56
Expected Profit= +25.92% | +47.31% | +77.07%
Possible Loss= -21.63%
Fib. Retracement= 0.702 | 0.883 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 3 weeks
Contracts:
#Mainnet
#BEP20 0x3d6545b08693dae087e957cb1180ee38b9e3c25e
#BEP2 ETC-758
Trade active
all entries filledEthereum Classic bounced almost hitting 1st target but got rejected and pulled back to demand zone, probably next attempt then!
Trade closed: stop reached
Ethereum Classic broke-down 3 weeks ago, SL was hit with -21.63% (3x) and -1R as you may know.Trade closed: target reached
TP1 would have been reached with +25.92% (3x) after allIf you were still holding or bought on Spot then you may consider reducing your position here!
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