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ETH/USDT Technical Analysis: Potential Bearish Signal with H&SETH/USDT Technical Analysis: Potential Bearish Signal with Head & Shoulders Pattern Current Situation: At the time of writing, Ethereum (ETH) is being traded at approximately $1853. A notable pattern that has emerged in the higher timeframe (HTF) charts is the Head & Shoulders pattern, a classic bearish reversal formation. While this pattern might raise concerns about a potential downward move, it's essential to remember that trading decisions should never be made solely based on a pattern. Prudent traders wait for key levels to be breached before making any moves. Pattern Analysis: The Head & Shoulders pattern consists of three peaks: a higher peak (head) between two lower peaks (shoulders). In this case, the pattern seems to be forming in the HTF charts. The pattern's neckline, a support level that connects the lows of the two shoulders, holds the key to potential movement. Trading Strategy: As a responsible trader, it's crucial to avoid jumping to conclusions based solely on a pattern. Rather, focus on key levels to confirm or invalidate potential scenarios. Bearish Scenario: If the price of ETH/USDT breaks below the neckline support at the $1760 level, this could trigger the bearish aspect of the Head & Shoulders pattern. In this scenario, we might see a price decline towards the $1432 and $1140 levels. These levels are potential support zones where buyers might become active again. Bullish Rejection Scenario: Conversely, if the price manages to break upwards past the $2050 level, the validity of the Head & Shoulders pattern could be rejected. In this case, we might witness a bullish move, potentially propelling the price towards the $2500 level. Support and Resistance Levels: Support: $1760, $1432, $1140 Resistance: $2050, $2500 Remember, trading is subject to market risks, and past performance is not indicative of future results. Always exercise caution and perform thorough analysis before making any trading decisions. Follow us for More Quality analysis. Thank you.
Short
by CryptoPatel
ETC/USDT WHAT NEXT ?👀🤷‍♂️ETC Today Analysis💎 ETC is primed for an intriguing move as it has impressively tapped the Bearish Order Block (OB) twice. 💎 Currently, SET:ETC trading in a demand area, and we anticipate the price to retest the OB once more. 💎 Notably, the first bounce faced strong rejection, and the second bounce appears weaker, signaling that the price might ascend again. 💎 Volume also displays significant spikes, confirming a high probability of upward momentum. 💎 Another factor to consider is that if the price breaks the critical point,EthereumClassic could experience a downward move 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Price Correction ETC has seen remarkable growth, surging over 80% from the strong support level of $13, reaching the resistance range of $22-23.3. However, this resistance level triggered a significant negative reaction, leading to a substantial profit-saving phase for buyers. As a result, the price has entered a correction wave. Notably, both the weekly and daily time frames indicate an overall upward trend for ETC. However, it's worth noting that the correction process may take some time. In the short term, the 4-hour timeframe shows a dynamic support level that is crucial to monitor. A forceful break below this support line could signal a potential retracement towards the $17 support level. On the other hand, if the demand at the $17 support level increases, accompanied by a rise in trading volume, there's a likelihood of a short-term upward trend resuming, and the price could move towards its previous resistance levels. As of now, the Relative Strength Index (RSI) for ETC on the daily timeframe stands at 52. An RSI of 52 suggests that the currency is in a somewhat neutral state, neither overbought nor oversold. It indicates a balanced market sentiment, where buying and selling pressures are relatively stable. Traders and investors should keep a close eye on how the RSI evolves alongside price movements to gain further insights into potential shifts in market momentum.
by MonoCoinSignal
7
ETC/UST 1D ReviewHello everyone, I invite you to review the ETC chart on the one-day interval. As we can see, the price did not manage to stay on the downtrend line and was quickly reversed. After unfolding the Fib Retracement grid, we see that the price is holding just below the support at $19.19, the next support is at $16.69, then the third support at $14.84, and when we go lower we have a fourth very strong support at priced at $12.57. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $21.67 with the downtrend line, then resistance at $24.15 and then the price will move to resistance at $27.26. At this point, it is worth including the EMA Cross 200, which indicates that the ETC attempted to return to a strong uptrend, but it was a false break and a quick return. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the continuation of the downward trend, while the RSI has approached the middle of the range, so the move will be based on BTC price jumps.
by cryptodailyuk
ETCUSDTThe current situation of Ethereum Classic is as follows: In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days. Now we are witnessing a price decline from the top of the channel. In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel. But why $18? In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Long
by Madoir
3
Ethereum Classic riding bull run 🔥 🚀ETC Today Analysis💎 ETC has recently broken out of a triangular pattern in an upward direction, indicating a potential bullish run. 💎 The Relative Strength Index (RSI) is also showing a significant upward trend, reinforcing the bullish sentiment. 💎 The presence of a high-demand area is another crucial factor to consider for potential upward movement. 💎 However, if the price enters the invalidation zone, it could trigger a significant downward shift. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
2
ETC/USDT - Ethereum Classic: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the SET:ETC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 15.73 | 16.24 | 17.42, and the major support zones can be found at 14.55 | 13.88 | 12.7. Consider entering a trade at the current price zone of 18.96 and targeting higher levels. ◰◲ General info : ▣ Name: Ethereum Classic ▣ Rank: 30 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule. ◰◲ Technical Metrics : ▣ Mrkt Price: 18.96 ₮ ▣ 24HVol: 41,062,576.734 ₮ ▣ 24H Chng: 11.007% ▣ 7-Days Chng: 23.16% ▣ 1-Month Chng: 6.54% ▣ 3-Months Chng: -7.22% ◲◰ Pivot Points - Levels : ◥ Resistance: 15.73 | 16.24 | 17.42 ◢ Support: 14.55 | 13.88 | 12.7 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.28 ▣ Last 90D: -1.19 ▣ Last 1-Y: 0.60 ▣ Last 3-Y: 0.89 ◲◰ Volatility : ▣ Last 30D: 0.58 ▣ Last 90D: 0.47 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth ETCUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
6
ETH - scalp from the local resistance level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Opened a scalp trade on ETH for 10% of the deposit. Technical: on yesterday's rally, the price of the asset again tested a strong local resistance level (red line), but the level is still not broken and we can see a slight rebound, which may cause a decline to the previous support levels of $1820-1770. deal plan: Entrance - 1920/1950 $ Stop - 2028$ Take - 1820/1770$ Guys, the scalp is quite risky, because the price of bitcoin is again tightening the triangle by 2H (yesterday's chart) and we will probably see a takeaway towards the high of $31,455 again. So I advise you to enter a trade with a short stop-loss and a small leverage of 3-5X. P.S: Most importantly, don't forget to move your stops to breakeven or plus, even if you made a small profit from the trade.
Short
by DanilBlinkov
Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth" Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense. Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50 And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
30
ETC/BTC - Ethereum Classic: BBand_Breakout Super-Trend◳◱ We have recently observed two promising signals, a Bollinger Band breakout and a Super Trend pattern, on the BME:ETC / CRYPTOCAP:BTC chart, which strongly suggest a bullish trend. The Bollinger Band breakout, characterized by the price surpassing the upper band, signifies a potential upward movement, while the Super Trend pattern further confirms the presence of a bullish sentiment. Seizing the opportunity to enter the market within the current price range and aiming for higher levels appears to be a robust strategy. Notably, key resistance levels can be identified at 0.000647 | 0.000693 | 0.000788, while major support zones are strategically positioned at 0.000552 | 0.000503 | 0.000408. ◰◲ General info : ▣ Name: Ethereum Classic ▣ Rank: 30 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.000612 ₿ ▣ 24HVol: 56.824 ₿ ▣ 24H Chng: 1.324% ▣ 7-Days Chng: 21.26% ▣ 1-Month Chng: 2.73% ▣ 3-Months Chng: -7.51% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.000647 | 0.000693 | 0.000788 ◢ Support: 0.000552 | 0.000503 | 0.000408 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.40 ▣ Last 90D: -0.24 ▣ Last 1-Y: 0.63 ▣ Last 3-Y: 0.93 ◲◰ Volatility : ▣ Last 30D: 0.74 ▣ Last 90D: 0.55 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.67 - Bullish ▣ Reddit sentiment score is 0.40 - Bearish ▣ In-depth ETCBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ETC - breakdown of the global countertrend! The price will fly iHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ A few thoughts regarding the ETC chart. My position at 15% of the deposit with an entry point of $18.85 continues to hang, as I said, I will just wait for better changes in altcoins. Well, according to ETC, they may have already arrived ... Technical: the price has broken the global trend line and the most important thing is that the buyer does not lose the zone and we are fixing above this trend line. In the future, if things go well on the chart as well, then I expect to see an exit to the first resistance of 0.236 Fibonacci ($23-25) 25% of my entry point.
Long
by DanilBlinkov
3
How many chances do you think Ethereum Classic will give you? Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!! Full List of Cryptos Named Securities in SEC Lawsuits: www.sec.gov Cosmos (ATOM) Binance Coin (BNB) Binance USD (BUSD) COTI (COTI) Chiliz (CHZ) Near (NEAR) Flow (FLOW) Internet Computer (ICP) Voyager Token (VGX) Dash (DASH) Nexo (NEXO) Solana (SOL) Cardano (ADA) Polygon (MATIC) Filecoin (FIL) The Sandbox (SAND) Decentraland (MANA) Algorand (ALGO) Axie Infinity (AXS) Ripple (XRP) Telegram’s Gram (TON) LBRY Credits (LBC) OmiseGo (OMG) DASH (DASH) Algorand (ALGO) Naga (NGC) Monolith (TKN) IHT Real Estate (IHT) Power Ledger (POWR) Kromatica (KROM) DFX Finance (DFX) Amp (AMP) Rally (RLY) Rari Governance Token (RGT) DerivaDAO (DDX) XYO Network (XYO) Liechtenstein Cryptoasset Exchange (LCX) Kin (KIN) Salt Lending (SALT) Beaxy Token (BXY) DragonChain (DRGN) Tron (TRX) BitTorrent (BTT) Terra USD (UST) Luna (LUNA) Mirror Protocol (MIR) Mango (MNGO) Ducat (DUCAT) Locke (LOCKE) EthereumMax (EMAX) Hydro (HYDRO) BitConnect (BCC) Meta 1 Coin (META1) Filecoin (FIL) Binance Coin (BNB) Binance USD (BUSD) Solana (SOL) Cardano (ADA) Polygon (MATIC) Cosmos (ATOM) The Sandbox (SAND) Decentraland (MANA) Axie Infinity (AXS) COTI (COTI) Paragon (PRG) AirToken (AIR) Chiliz (CHZ) Flow (FLOW) Internet Computer (ICP) Near (NEAR) Voyager Token (VGX) Nexo (NEXO) Mirrored Apple Inc. (mAAPL) Mirrored Amazon.com, Inc. (mAMZN) Mirrored Alibaba Group Holding Limited (mBABA) Mirrored Alphabet Inc. (mGOOGL) Mirrored Microsoft Corporation (mMSFT) Mirrored Netflix, Inc. (mNFLX) Mirrored Tesla, Inc. (mTSLA) Mirrored Twitter Inc. (mTWTR) Mirrored iShares Gold Trust (mIAU) Mirrored Invesco QQQ Trust (mQQQ) Mirrored iShares Silver Trust (mSLV) Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY)
Long
by BTC-XLM