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