Ethereum Classic, ETC/ETH Broke Out of TriangleEthereum Classic, ETC/ETH on Binance just broke out of its (long) Triangle. Consolidated a while and found good support at 35.000, which was previous resistance as well.
On the hourly chart, you can see that the indicators are from its lows and curling up now. Volume is picking up and ETC/ETH is also above the 12 and 50 emas.
With the coming fork and airdrop, Ethereum Classic could be ready for another run. So are you ready to trade it? If so, here are the instructions:
Entry: 36.815
Profit: 41.250
Stop: 36.095
RR: 6 (risk 2% to make 12%)
Since this is a day trade, you can take profits quicker and partially if you prefer.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
And good luck trading!
