EthereumClassic - Likely Rally next. The Ascending Triangle.
Atualizado
Continuation of Uptrend is supported by RSI, MACD and Golden Cross of Moving Averages. Ethereum Classic shows strength here keeping within the Ascending Triangle Pattern while rest of the market has been Bearish. However, the closer it gets to the apex (without breaking uptrend line or resistance), the more pressure it will attain which means that the price will breakout explosively.
This is a longer term projection and might take time before reaching targets. This is a trading setup is meant for patient and slow ones.
It is very possible that the Uptrend Line might be tested one more time before the price continues it's move further upward. If the price breaks earlier, then buy order can be set to 0.0034 with stop-loss at 0.0024. Partial Profit Target is 0.0041 / 0.0044 and Main Profit Target is 0.0048 / 0.0051. Rest of the amount should be left for the longer run.
BTC Pair usually give great hints in which direction the price will be heading to with USD pair. Often BTC makes first move and USD follows right after.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
This is a longer term projection and might take time before reaching targets. This is a trading setup is meant for patient and slow ones.
It is very possible that the Uptrend Line might be tested one more time before the price continues it's move further upward. If the price breaks earlier, then buy order can be set to 0.0034 with stop-loss at 0.0024. Partial Profit Target is 0.0041 / 0.0044 and Main Profit Target is 0.0048 / 0.0051. Rest of the amount should be left for the longer run.
BTC Pair usually give great hints in which direction the price will be heading to with USD pair. Often BTC makes first move and USD follows right after.
If you need any help with trading, recommendations or where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Yarr The Pirate Crypto Cat
Trade ativo
Price breached upper level of the pattern!
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