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Etcbtcstrategy

ETCBTC Technical Analysis 40% target projection.You can see the Chart of ETCBTC on Daily Timeframe. Right it is in downtrend line which may break up like BCCBTC Market Break the falling wedge pattern. Now Moving in Sideway. Right now We can see the 3 Resistance level and 1 Support Level. 1 Resistance level: 0.001554 2 Resistance level: 0.001636 3 Resistance level: 0.001850 1 Support Level: 0.001378 Note: This is only for Educational Purpose this is not an Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan
Long
by Make_Money_Guru_Bitcoin
3
ETC Potential retracementTimeframe: 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 Point: at this moment the price moves over the Pivot R1 in 2162 satoshis and still strong despite showing its indicators in the overbought area; the sellers are ready to press but this may not happen until the Pivot S2 resistance is reached, which is very close to the EMA-100, this will very likely be a strong joint resistance to avoid further increases. We could try for a short position if the price manages to touch the Pivot R2 even below at 2180 Satoshis where the price can bounce looking for a correction. Alternative Scenario: It is the least likely and it could be that the price will continue to rise to go through EMA-100 and continue in the range very close to this point. Entry/Stop Loss/ Take Profit: We can go short if the price reaches the 2180-2198 Satoshis. T1 = 0.002143 (2.1 %) T1 = 0.002091 (5.0 %) The Stop Loss can be placed at 0.002212 (-1.0%) Duration: 1-3 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A range behaviour during the next 24.H around the Pivot R1 will invalidate this setup, Risk Management: Risk/Reward Ratio: 4.45
by Forex_Academy