ETC Consolidation ETC is forming a bullish triangle on the 1-hour chart. If BTC doesn't dump then I would expect ETC to pump to ATHs this week.
Etc
ETCUSDT (Channel Breakout)ETCUSDT (1H Chart) Technical Analysis Update
Descending channel breakout
ETC/USDT currently trading at $0.1335
Buy-level: $35.75- $37.00
Stop loss: $31.60
Target 1: $41.75
Target 2: $46.00
Target 3: $50.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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Ethereum classic is a crab!crab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
CD=2.6 BC=$55
or
CD=1.6 XA=$65
or
CD=3.6 BC=$160
next bull run from $26 to $66tp1=0.78 A=1.6 C=$26 *reached*
tp2=0.88 A=$34 *reached*
tp3=2 C=$42 *reached*
tp4=1.13 A=$66
tp5=2.6 C=$95 *shark reversal scenario*
tp6=1.41 A=$140 *seems impossible*
tp7=1.6 A=$247 *seems impossible*
ETC breakout + HH + HLETC has clearly broken out and is now forming a bullish price pattern of HHS and HLs. With BTC making a pullback to 58k I definitely see room for ETC to make some good progress within these next 2-3 days.
Retest @ $36 USDETC has retested after hitting previous ATH back in 2017-2018 and the same case may follow. We could see a retest to $36 USD and a bounce back to the ATH. If not we can expect to see a drop-down to the next support level which could be an opportunity to short.
At your own risk.
I TAKE AT THE TOP HIGH FLYING ALTCOINS #DOGE #ETC #BCH #DGB #BSVAND THE NO. 1 #NANO
AMAZING PRICE PERFORMANCE BY THEM ALL!
WELL DONE HODLER'S
ETC/USDTETH will move to POS and ETC move to new algorithm mining, so I think the price will break out very strongly
BUY IT HOLD SL 9$ SELL 18-25 -30 -40 -65 -100 $ HOLD TO MOON
ETC/USDT 416% profit now and time to book huge profit#ETC/USDT Profit update:
$ETC currently trading at $46 and now you are in huge profit.
417% pure profit without leverage.
Entry was : $10 ✅
TP1: $21 ✅
TP2: $42-$45 ✅
TPs : Pending ( hold only 5-10% of your profit )
Guys hope you very very happy with my analysis.
Now please close trade and book profit here.
I closed 100% positions here because I am happy with huge profit.
No matter what will Top of $ETC/USDT
Resistance: $45
Now $45 is very very strong support level.
If hold this and sustain above $45 leave then Next move towards $100 but for safe side book profit.
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ETC/BTC 271% up from our entry so now time to book profit#ETC/BTC Profit Update:-
#ETC currently trading at 7200 Satoshi
And Our entry was 2000-2100 Satoshi
Now 270% up from our entry.
Hope you enjoying our Profit ride.
Entry:- 2050 Satoshi ✅
TP1:- 3028 Satoshi ✅
TP2:- 5101 Satoshi ✅
TP3:- 7242 Satoshi ✅
Now 270% pure profit from our entry.
Don’t forget to book profit.
I am closing 100% positions here.
And don’t be greedy.
If you want to hold then only hold 10% positions and sell 90% positions here.
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ETC - The forgotten I don't want to spend too long on Ethereum Classic, because I don't think it would deserve too much attention, other to say that this should get a big boost from the miners that are leaving Ethereum. I understand that BTC is getting its all time high right now, so this will drop in the very short term.
TA:
- Golden Cross of 50MA over the 100MA with very bullish movement directly after.
- Bullish Divergence of RSI, as Price declines yet RSI improves with higher lows.
- Price movement moves up and over the 200MA, after bouncing down from it previously. This is set up to be future support, which could lead to a very substantial bullish movement if it bounces from it.
Some History on this idea:
To understand why I would pick a project that has been hacked so many times, we need to think about what is happening on Ethereum currently. We had a Proof of Work coin, that has been #2 Market Cap since it started, and has shown signs of fast paced growth vs Bitcoin. However, as of 2020, Ethereum decided to start down a new path, one that will end mining on Ethereum forever, and will become a Proof of Stake coin.
The Miners, who were already upset at the decision, were dealt another blow as Vitalik introduced EIP1559 - coincodex.com
EIP1559, as shown from the Article, is set to greatly lower the amount of Gas fees of Ethereum, by removing inefficiencies that coincidentally help enrich the miners.
The miners have not been silent about this change, and have threatened everything, even hacking the project itself.
With the revolution currently raging, the next logical project that reminds miners of Ethereum, is Ethereum! Classic. ETC is still the original Proof of Work project that resulted from a Fork early on.
My theory is that as time goes on, and it becomes less profitable to mine ETH, which eventually goes down to 0 - that ETC will take its place as the preferred coin to mine, which will result in a pretty substantial gain in the price of ETC. I think it will happen during the next 3 months.
Tough resistance area, but once we break, we can another 2x. $etFairly significant resistance around the triangle area. The daily candle wicked right on it. If we break it, I see $etc maybe doing another 2x in the short term. I'm just not sure if we have enough steam based on the other indicators.
ETC/BTC 130% up from our entry and still fuel for upward#ETC/BTC Profit Update:-
#ETC currently trading at 4550 Satoshi
And Our entry was 2000-2100 Satoshi
Now 130% up from our entry.
Hope you enjoying our Profit ride.
Entry:- 2050 Satoshi ✅
TP1:- 3028 Satoshi ✅
TP2:- 5101 Satoshi Pending
Don’t forget to book profit.
I Am seling here my Principal amount.
And some profit also.
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
