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Trade Recommendation 15.102017 : Ethereum Classic

The price passed through the cloud and it gave us a trend reversal signal. DMI confirms trend market conditions and it allows open long trades. It’s buy opportunity and we can trade based on a breakout signal above the local high. We have a bearish candle showing price reversal from 12.50 level. If the market can break this resistance, it will give us an additional confirmation of further upward movement. Pending orders for buy should be placed at 12.60 level with stop orders at 11.45 level. Profit targets are 14.00 and 16.00 levels. If the market drops below the uptrend line and the cloud, we should delete buy orders and wait for a new trading opportunity. If you don’t use leverage, recommended trading volume for this trade is up to 10% from your deposit.
Market: ETCUSD
Buy: 12.60Stop: 11.45Profit Targets: 14.00 and 16.00
The trading signal is based on Poloniex chart.

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