ETCUSD.P trade ideas
ETC/USD - potential 48% setup Hello, Traders!
After an impulsive rally, the asset corrected and went flat in the trading range of $14.56 - $17.33
ETH is now acting as a driver for altcoins and will be followed by the rest of the old-school coins.
An entry point for buying can be considered in the range between $15.05 - $15.55
Stop Loss should be placed at $13.65
Targets on Fibonacci extension levels based on trend are:
$17,00
$19,83
$22,66
$25,48
P.S. This is not a piece of financial advice, but only trade I would be following myself
ETC - To 15It's either down to the blue bar or up to $15
ETC must go above the resistance trend line and the 21 EMA and remain there for the duration of it's journey to $15.
MACD is about to cross over.
RSI is below 50% could now be directed towards 80%
More power to your trades, my friends.
Ron
Intrepid_Trader
ETHEREUM CLASSIC CONTINUATION PLAYI'm holding for long term on ethereum classic, litecoin and several other cryptos. However, I can see a nice short term trade on ETC/USD.
We have a solid uptrend. We have seen a bullish breakout from a bullish penant.
1:3 risk to reward ratio could see a decent trade to the indicated target.
Mean-reversion LONG - ETCUSDGreetings folks,
Etherium classic took a sharp dive past few bars and we were looking for long mean reversion trades.
My trading system recommends a long at the high with the SL be at the high of the pin.
The system historically has a 39% winrate with a 14(%/R) returns for the past 76 trades when locking in 2R (or 2x profit to risk).
Cheers
PineConnector