$ETC/USDT 3h (#BinanceFutures) Descending trendline breakout
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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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.