AMBCrypto_TA

Ethereum Classic to rally toward $21 soon

شراء
AMBCrypto_TA تم تحديثه   
BINANCE:ETCUSDT   Ethereum Classic / TetherUS
The H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.

They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.

Traders can re-evaluate the market in case prices drop below $16.43


Entry: $17.31

Stop-loss: $16.28

Take-Profit: $21

R:R: 3.58
تعليق:

The entry point was not retested as strong bullish sentiment carried ETC toward $21. $21.5 and $22.5 are the next resistance levels
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