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Analysis 3.10.2017 Trade Recommendation: Ethereum Classic

The market is at a strong support zone formed by the uptrend line, 12.00 support level and SMA100. This zone can stop and reverse the market. It will give us a new buy opportunity. Pending orders should be placed above 13.00 resistance level. Stop orders must be below the support zone at 11.50 level. The main profit target is 16.00 resistance level. The part of volume can be left for long run. If the market drops below the support zone, we’ll have to delete buy orders and wait for new trading opportunities. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: ETCUSD
Buy: 13.10
Stop: 11.50
Profit Targets: 16.00
The trading signal is based on Poloniex chart.

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