ETC/USD trading technique
- Buy/sell asset: Buy ETC/USDT
- Entry mark: 26.37
- Stop loss: 22.93
- Leverage: 1x
- Elevate revenue 1: 30.0
- Elevate revenue 2: 35.0
- Elevate revenue 3: 40.12
- Timeframe: 1-2 weeks
- Maximum revenue: 52%
- Maximum loss: 13%
ETC/USDT chart and technical diagnosis
Ethereum Fundamental is in a bullish model and the associated price has recovered nearly 38% for the explanation that final week. The value also broke the earlier excessive of 32.46 at the sleek time and might maybe well likely reach 40.14 day-to-day resistance within the impending day. The value also reached the Oct 2022 excessive no longer too lengthy within the past.
The value can invent a correction from the contemporary rally and might maybe well likely retrace again to the 26.37 strengthen stage sooner than heading for novel highs. The 26.37 is a key strengthen stage as it is all around the 0.618 Fibonacci stage and there will be a bullish picture block all around the identical stage.
I am difficult referring to the 26.37 strengthen stage for lengthy entries as it is a key stage with extra than one bullish confirmations and my commended target for this trade is the 40.14 resistance stage
Ethereum Fundamental most main diagnosis
Principally, the investors’ self belief is excessive and the associated price has the functionality to invent extra gains and fetch better from the years-lengthy tumble.
Ethereum traditional to Tether trade idea takeaways
- ETC/USDT no longer too lengthy within the past broke above the earlier excessive of 32.46.
- The value is at threat of reach the 40.12 resistance within the impending days.
- Multiple dangle-revenue ranges contain been added to real revenue along the manner.
- The threat-to-reward ratio on this trade is 1:4.
- The entry and stoploss prices contain been positioned at real ranges with the least chance of getting hit.
- Lawful luck!
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