ETC / USDT WEAK ! BEARISH PRICE ACTIONETC showing weakness after the fork
Looks like the price will retest the previous support before another big move
Potential +9% here
Etcbtcbitfinex
ETC – demand on the horizon - 700% earnings possibleHi Guys!
We are back with bunch of good information regarding ETC.
As you already have heard Coinbase (digital currency exchange and wallet headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide) has expressed intention of supporting ETC.
They will start with so-called step4 which means seeing public APIs and other signs that asset is added. Once they finish integration and tests, they will announce officially in the next few months a launch date for trading on their platform.
So we can expect to have a greater interest on ETC thus volume rises and price will rise of course too.
Here is a bunch of other important events which will influence the price. This is going to be interesting year for ETC.
30.06 PoC of new StateDB layer & Emerald Mobile Wallet
31.07 Sidechains support in Emerald Project & Emerald SDK First Release
31.07 Radex will be the first decentralized exchange to be launched on ETC blockchain (delayed – was to be at the end of May 18)
31.08 JIT Compilation in SputnikVM
12.09 Second Annual Ethereum Classic Summit in Seoul
30.11 Fully IoT-compatible infrastructure of ETC(BIG THING)
It is going to be very interesting summer with a nice summary in Seul in September.
Looking back on the chart.
We observed finished Elliot Wave short-term pattern (1-5;A-C). New cycle expected.
When looking at the chart from the perspective we can see we have just started 3rd wave on the long-term Elliot Cycle.
On Weis Wave chart we can see that demand was growing. No supply yet. GOOD.
CMF indicator has just crossed 0 which is the sign of the price pression
MACD – strong positive long-term trend. VERY GOOD.
VWMA50 crossed
We are very low at Fibonacci Scale
Fibonacci Targets:
Target 1: 0.0032868
Target 2: 0.0044939
Target 3: 0.0054696
Target 4: 0.0064452
Target 5: 0.0078342
Target 6: 0.0096110
Target 7: 0.0147133 (new ATH)
Stop-loss: 0.0013355
So guys all we need is good news and volume. On the wave of good investment
atmosphere we should reach the stars. :)
Thank you for all your comments, likes and messages.
You opinion is highy appreciated.
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Huge hugs!
WBM Team
ETC CYPHER ! Traders,
Here we have ETC/BTC 4H chart.
We see many points on that chart, But I'll short my words to points:
1- We have cypher bearish pattern to short the price to its 0.618 Fibonacci.
2-A small bear channel could be broken with bull move at point number (1) non broken channel means
3-Means that we will break point number (2) and heading to cypher Fibonacci at point number (3)
4-From point number (3) we moving bull trend to test the general Fib Retracement at point number (4)
Note: I don't establish cypher on crypto useually but it's here and it's a duty to let you know guys.
Regards,
Mohsen
ETC has to climb the BULL mountain ! No other way :)Well hello ETC freaks,
As you can see I do really expect a huge run for ETC. I am not giving THE target because I don't think we can imagine the result :)
Have fun trading :)
quiet wizard
ETC/BTC quick updateWe are on Corrective Wave C.
Expect a short drop followed by some sideways consolidation before the next leg up.
So far it has been doing exactly as the waves predicted.
ETC vs BTC - The Bulls battered and beaten, can they still fightTaking a look at the Ethereum Classic vs the Bitcoin markets to get an idea of what we are up against.
As we can see ETC is clearly in a bearish trend vs Bitcoin on the shorter time period and we are testing the 200 ma on the 1hr chart.
There is some bullish pressure as we can see from the RSI, but there is also a good amount of sellers in the market as prices continue to dip lower.
There is some strong resistance at 0.0034 where the bears are camping for the time being.
The bulls are hanging out around 0.0032 and I will wait to see if there is any buying volume should prices drop into their zone.
Should 0.0032 fail as support I would imagine a lot of speculators might look for greener pastures to lock in further gains.
Come check out the best Crypto trader community here.
Ethereum Classic -potential +47% within a monthETC always been the darkhorse to ethereum, but its still a very strong coin.
i believe we've gone through the 1st 4 waves of etc with a final 5th one coming very soon.
in the short term with btc looking shaky, especially with futures markets less than hours away etc may drop more, but overall, with a bit of patience, ETC will climb and continue climbing.
Going off the fib extensions ,wave 3 peaked halfway between the 1.0 and 1.618 fibs.
I don't see it unreasonable for the final 5th wave to reach the 1.618 levels at all, hell it might even go above, but we'll keep tabs on it when the time comes.
The fundamentals are great for this coin too with an absolutely packed 2018
1) We have the callisto airdrop on march 3rd
2) etc wallet release by 31st march
3) beta mobile release by 30th april
4) end of may eth sidechain compatibility, and it just goes on with big news month after month all the way to end of november.
lmk know what you guys think :)
my first idea, so please critique it to your hearts content, im still learning elliot waves with fib incorporation so grill me :)
Ethereum Classic Big Head and Shoulders?Chart data shows Ethereum Classic is likely to continue its very big decline against Bitcoin (BTC) in the short term, aiming for the trend line on the chart. This will reflect heavily in the ETCUSD pair, especially if we see BTC continue its correction against the USD. I will revisit this pair once we break the heavy resistance line or reach the bottom trend line. GLWT y'all.
