Looks like #ETC could be just about to fall off a cliff edge as it reaches the end of this wedge. There's a level of resistance above in the form of a descending trend line and a few levels of historical support/resistance below. We could see a small swing upward toward the trend line, the price may even break through as this doesn't appear to be a super strong...
Here I go short on Ethereum Classic and Ethereum Classic will go down. The price is testing the major support, so now I go 5x short and the bearish breakout will start. And Ethereum Classic will go down. See you down there
Hello, Traders, ETC is below a medium-term downtrend channel we only going to look for a long postion when the price break this resistance and accumulate above that level, and enter on the next breakout. Push the like bottom and follow us on TradingView. Best regards.
ETC/BTC ETC just shifted the 4H trend to an uptrend market after breaking a minor resistance line and making a fresh Higher High. If we see a pullback down to 8000 sats area, it will a good opportunity for Long entries and target the upside range 9000 sats area. The key stop-loss is below 50MA.
ETC is painting a bearish triangle pattern after failing to break previous High and bounce at the same support area. My target to the downside is in the chart coincide with the 200MA dynamic support.
ETC/BTC ETC is painting a bearish small rising channel that has the change to break to the downside and challenge key support area at around 9800 - 9000 sats which also coincide with the upward trend-line support.
ETC/BTC ETC shoots up over 100% price increase in a very short period, this move is kinda scary as no single support is built during this massive move up. The price can drop faster, be cautious as this coin is highly volatile and risky. Also, ETC is trading within an area of resistance and the candle hasn't closed yet. Do not FOMO with this type of market move...
ETC/BTC ETC is battling key resistance area or the previous Swing High at 7000 sats levels. We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact. EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up. Key areas must hold is 6300...
Timeframe: 240M Main Scenario: While only 3 of the top 100 cryptocurrencies are positive today against the Dollar, the ETC is included also losing -2.40%. On the other side, its behavior against the BTC is very positive in the last few hours, gaining 3% just today in a buying pressure that comes from yesterday and that became solid after crossing the Central Pivot...
As the title says, these r the most obvious sup and res levels on etc. Strat is simple, short resistance, long support. Not to be taken as financial advice ;)