Etcbtc
ETC/BTC (Target Key Support Below)ETC/BTC
-Ethereum Classic broke the local support at 6174 sat range
-The price started falling further, If we look at the chart
-We can see the Key support is located around 5000 area
-This zone will be crucial for the Bulls
-But will be another buying opportunity for potential strong bounce reaction
-Aggressive traders will start scaling in at 5000 area to hit a high reward trade
-While conservative traders will wait until the break of trendline resistance
-If you are a long term investor, I recommend buying at key support
-This will give you more buying power to load your bags :)
ETCBTC, The best Buy Zone!I show you the best buy zone above the Support/Resistance Zone.
If BTC will rise more we should pay attention to such levels.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
Ready for a good growth!Hello friends
We are currently seeing a good upward trend in the ETHBTC chart
Cause of waiting to climb:
1. According to Ichimoku's pattern, candelabras have reached the top of their clouds and stabilized
2. We have witnessed the formation of a triangle in which candelabras have been able to break the triangle from above, and now it is perfectly normal to expect the trend to continue.
Target1 : 0.029432
percent of growth: 16%
Target2 : 0.033769
percentage of growth: 33%
stop : 0.023080
stop : 02020200
Please trade and sell according to your opinion and discretion
..Navid..
ETC/USDT 4h (Binance Fut) Descending channel break-outTA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest.
I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252.
The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level).
The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support.
We can call bottom trend line and monthly level as DUAL SUPPORT for ETC.
Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383.
Current Condition
From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252.
ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support).
Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level.
If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN.
Lookout for Head and Shoulders pattern for now in coming 10 days.
Trade according to the pattern.
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More than 14 R:R which is insane.
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ETC/BTC strategyHello, traders.
ETC, we have an interesting situation happening with it, it broke its short-term downtrend but is now testing the key level as resistance (A key level is a place where the price was support and resistance many nos Last times)
The ideal would be for us to start an accumulation close to the resistance and as soon as we had the breakout we will be able to enter, we have a buying point in the resistance line to test as a pullback, above the key level we will be very bullish in the ETC
Push the like button and follow on tradingview.
$ETCUSDT if E.Classic breaks ...$ETCUSDT
if E.Classic breaks the DT top then i am in . until then not interested
ETHEREUM-CLASSIC Scoring
Overall Score: 59.65%
Open communication channels: 0%
Team strength: 0%
Product strength: 20%
Coin strength: 92%
Brand awareness/Buzz: 80%
Advisory board strength: 0%
Activity on social media: 25%
Quick Research
Purpose: Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, token issuance
Consensus Method: Proof of work
Emission rate: Deflation through token burning
TXN'p/s: 0
Abstract:
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Investment data
Listed on 84 exchanges
CoinMarketCap Rank: 22
Market Cap: $574 M
24H Volume: $622 M
Coin Age: 39 months
ETC/BTC 1D (Binance) Descending channel & falling wedge breakoutFA: Ethereum Classic is a decentralized Proof Of Work coin and you can earn mining, but it will be a hybrid POW/POS (Proof Of Stake) system after ETH 2.0!
TA: ETC is on historic support, it should react with a bounce after that break-out confirmation of the wedge and go for mid-line channel at least.
Current Price= 0.0006671
Buy Entry= 0.0006606 - 0.0006263
Take Profit= 0.0007472 | 0.0008094 | 0.0009152
Stop Loss= 0.0005398
Risk/Reward= 1:1 | 1:1.6 | 1:2.62
Expected Profit=16.11% | 25.78% | 42.22%
Possible Loss= -16.11%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440h
ETC-BTC/USDTI decided to show my idea in two pairs at once, as the situation is interesting in both.
For the USDT, the price rested on the support level at 6.25, now the consolidation at the exit from which I expect the momentum up or down, at the confirmation above 6.5-6.53 will be taken into the longitude. The targets are shown on the chart.
The pair to the bit also relied on the support level 6700, and formed a double bottom on the daily chart, with confirmation of the break-up will also take the longitude. The targets are also on the chart.
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Break the trend lineComo's high price - breaking the base line by the contour line up
Base line failure by price up
Base line failure by contour line up
Fibonacci correction in the region of 55 to 65%
Extensive Fibonacci in the 155 to 165 percent range
Upward RSI, downward price, moving average moving 50
The above has happened at different time frime