ETCETC appears to have broken out of the LT triangle correction, since this break out doesn't look impulsive yet I'm ruling it an ABC bearish move up which can hit $72 into Oct before another big sell off. If the C wave up leads into a786% correction of the ABC move then I'd rule that sell off as a wave 2 and the ABC would be a W1. Let's see
ETCUSD
ETCUSD: Growth PotentialHi all.
Earlier, the growth dynamics of ETC caused the price to soar more than 200%, which in turn formed a powerful upward momentum.
At the moment the price continues to correct within the supposed local wave 4.
I am closely watching the price and will be included in the trade, if further growth is confirmed.
ETC Scalp Long📈ETC is nice candidate for long since:
⭐️ BTC has similar trendline
⭐️ Accumulation 3 days
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ Stoplosses are close
⭐️ Retested important zone
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
ETC/USDT - 27.08.22 - Market UpdateHello Traders!
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to consider buying.
The range for asset accumulation will be a zone of $11.30-14.50.
The targets will be the levels of $29.00 and $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
✅TS ❕ ETCUSD: went down✅✅ETC formed several peaks, after which the price went down. The trend has changed and now we can expect the movement to continue.✅
🚀 SELL scenario: short to 26.47.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ETC USDT - Patience is KeySeveral weeks ago I proposed a technical analysis trade setup for Ethereum Classic.
First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation.
We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel.
Channels are lovely when you discover them, as they give clearly defined entry and exit zones as well as easy invalidation in the event you are wrong.
On the 25th of July, as I conducted this initial analysis, two proposed trendlines were drawn. In the first example, it seemed as if ETC was at resistance and that entry at that time would have been wise. I decided to be patient however, and wait for price to prove to me that my analysis was correct.
I'm glad I was patient, as ETC has seen further upside pressure. Most of this is fundamental: as ETH moves toward The Merge, miners are panicking as their cash cow is about to exit. While there is much talk about forking ETH, with one version becoming the new PoS Merged System, and the remaining one the current PoW version. However, Ethereum Classic is already an ETH-miner friendly chain. It is the original ETH PoW chain.
Therefore, the idea is that many miners in anticipation of the merge will begin porting over to ETC instead. This idea seems to have merit.
We now have a clash of fundamental and technical analysis. The technicals show-case a wonderful short opportunity, however the fundamentals hint that much more upside could be in store for ETC.
In this situation patience is key. We need to wait for price action to show us that the selling has begun, and trigger our entry into this short position.
I'm waiting for price to break down below the red zone, at which point I will enter into my short position. Targets and stop loss are clearly marked on the chart.
Feedback and thoughts are much appreciated.
Ethereum Classic forecast and signalLearn and Earn!
After breaking the price of 42 USDT and confirming the break.
Confirmation of the break of resistance or support in this 1-H chart; that is, the bar (or candle) closed at the top of the resistance or support price, as well as the next candle, growing at least around 5 pip ( in forex usually call it pips ) or units ( 5 pips in cryptocurrency is around: 0.10%) more than the maximum price of the last closed candle.
---------------------------------------------------------
Please pay attention!
First: Trades have a time term , and in this case, it's from now until the next 24 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $42 (USDT)
Before the price crosses the mentioned place, the trade position is not active.
---------------------------------------------------------
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
ETCUSD - Ascending Triangle BreakoutETC is undergoing a break out
Right now on this 4Hr chart an ascending triangle can be observed, a bullish pattern
The breakout should continue
ETH Classic - ShortHello Traders and Investors,
ETC had a good run, but the top is in for it. HNS on the 5 minute which should push the price down to the closest support. A rebound back up to the neckline is possible after the first support is touched. But a continue in decline of the price is expected.
Let me know what you think.
ETC /USDT has a nice short term setupi think that for the next couple of days ETC will move inside a 10% channel.
i will enter a short around 44.30$
and i will have two take profit points at 40,25$ and 41,70$.
now for the bad scenario,its not even bad,i will cut my minimal losses if a 4hour candle closes above 45,3 which is a 2,2% loss.
it's not a sure move,but it is a tiny risk move,so i will use only 2x leverage
this is a short term move and i believe we will soon see it above 50$ and because of that,after my take profit hits i will upload another aide for a ETC LONG
this whole idea is supported by pattern,indicators and genral market conditions.
ETC (the monster is coming back ?)ETC / USDT
I made analysis for this coin since 1 week ago
And it seems following my idea ⬇️
Price is already pumped 21% from my last idea
Ignore the noise and fluctuations in small time frames we saw a clear breakout in weekly time frame
The first strong resistance is located at 50$
Best of wishes
ETC TopETC was a market leader for a while so it makes sense for it to top out before everything else. Money made from this on the way up will also roll into other projects as well.
Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I believe this is a B wave up that has retested the highs. If it goes above the highs again then my count may be invalidated as we see an extended 5th. Looks like a safer short than a long here!
Etc :)My imagination. We will go back to the bottom again.. but the currency is very good and has an excellent analysis. Once we return to the bottom, it will rise insanely.. It is not advice to sell or buy,
this analysis was analyzed by Jane's methods of analysis.. the figure drawn for imagination only
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 45.32
TP2= @ 48.31
TP3= @ 52.13
TP4= @ 55.77
TP5= @ 60.90
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 45.32
TP2= @ 48.31
TP3= @ 52.13
TP4= @ 55.77
TP5= @ 60.90
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️