DLavrov

Ethereum Classic Trading Idea

Long
BITFINEX:ETCUSD   Ethereum Classic
The market is going to bounce from Kijun and the uptrend line. We can have a possible buy signal and we must think about entry level. The resistance level 22.00 can be a place where the market will be stopped and reversed again. That's why buying not far from the resistance level it's not a good idea. So it will be logical to open long trades if price breaks this resistance level. We'll have possible price movement to 25.00 30.00 levels. For confirmation the breakout we should use DMI indicator. When the market moves above the resistance level, ADX line will have to rise also and support this up movement. Also high volume will be an additional confirmation that the breakout is true.

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