$ETC - Bounce from 60 period SMA on the 4 hour chart - LONG

A simple idea along the lines of my last couple if you've seen, we've had a large expansion when ethereum classic started to get a lot of attention surrounding the merge narrative and mining moving over, a range was set on the break down from that rally and price has managed to break out and is currently come back down to retest it, also lining up with a bounce from the 20 period SMA which I like.

this is a good level to buy imo and i think we go to at least 40.6ish which is towards the top of the prior consolidation before breaking down

tldr
buy 37.6
target 40.6
stop 36ish (below a prior wick and 20 period SMA)

follow me on the tweeter :)

Сделка активна:

things are really popping off today, thinking i will adjust my target to the 41.5 area