DLavrov

ETCUSDT Bullish Divergence

Long
POLONIEX:ETCUSDT   Ethereum Classic / Tether USD
Price diverges with RSI and we have a bullish divegence in the falling market. It's a trend reversal signal and we could think about opening long trades. But look at the chart, prce is below 15.00 resistance level and it's a barrier for up movement. That's why it's better to use a breakout signal for opening long trades than a reversal signal from the support level. If price breaks 15.00 resistance level, we'll be able to buy with stop orders below 12.30 level. Profit targets for long trades can be MA100 and 18.00, 20.00, 22.00 resistance levels. MACD will have to support up movement.

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