Happy new year - ETC - 30% - 75% Long (Jan 2021)

Updated
Hello Dear Traders,

Let me get to the point immediately. I think etc will rise in the coming days as many traders said. In terms of Fibonacci levels and historical flow, we can easily confirm this view.

To me, resistance areas are as follows:

1st resistance: 8.05-8.35
2nd resistance: 9.25-9.66

Target 1 : 9,3 --> %30,9
Target 2 : 12,7 --> %78,8

Safe Exit => 9.20-11.40
Long Term expectancy => 20+

It's my opinion, not an advice for you. If you have any other ideas please share with us.

Happy new year :)
Trade active
First target's reached. If weekly chart close above 8.4, next stop is the second target.
Trade closed manually
ETCUSDETCUSDTFibonacciSupport and ResistanceTrend Lines

Related publications

Disclaimer