ETC/USDT : Moving into a falling wedge BINANCE:ETCUSDT
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$ETC's moving into falling wedge and now it's getting supported by the local bullish order-block at $36.
The main movement's prediction is bullish; But as $BTC is getting the weekly close below $42000, It's better to have the possibilities for both side...
- Bullish Case; If we get the break-out above falling wedge, I'll locate my Long on a proper retest of higher order-block at $39, Then aim for $40.90 - $44.90 - $49.90
- Bearish Case; If we get the rejection below falling wedge, I'll locate my Short on a proper retest of mentioned order-block at $36, Then aim for $31's S/R zone/line.
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@Helical_Trades
ETCUSD
Falling Wedge on ETCUSDTBased on technical factors ( Falling Wedge ) there is a long position in :
📊 ETCUSDT Ethereum Classic
🔵 Long Now 37.10
🧯 Stop loss 34.20
🏹 Target 1 45.30
🏹 Target 2 51.80
🏹 Target 3 62.30
💸Capital : 1%
We hope it is profitable for you ❤️
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ETCUSDT- Falling Wedge PatternETCUSDT- (4h Chart) Technical analysis
ETCUSDT- (4h Chart) Currently trading at $37.25
Buy level: Above $38
Stop loss: Below $34
Target 1: $39
Target 2: $43
Target 3: $48
Target 4: $52
Max Leverage 3x
Always keep Stop loss
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Ethereum Classic (ETC) - April 7Hello?
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(ETCUSDT 1W chart)
Primary resistance: around 68.79
Secondary resistance: 90.48-101.33
Support: 36.26-47.10
It is important to be supported in the section 36.26-47.10, so you need to check it.
(1D chart)
(buy)
- After confirming the support around 36.26
- After confirming the support around 47.10
(Stop Loss)
- When it drops from 29.66 and is resisted
- When it falls below 26.52
(Sell)
- When receiving resistance near 68.79
- When resistance is received in the section 90.48-101.33
However, if it rises above 57.55, a sharp movement is expected, so careful trading is required.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year.
Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling.
In the last few hours, we have seen selling increasing a lot.
You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control.
We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag.
We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump.
So why do I say BART?
Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION.
Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
ETC Ethereum Classic: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Ethereum Classic (ETCUSD).
Ethereum Classic price on a monthly chart shows multiple areas of resistance. Price has a chance to move back down with the Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETC Ethereum Classic to the moon! 🌝 100.00 + usdMy prediction for Ethereum Classic is a whopping top out price 100.00 + usd. Once it breaks the 40.00 usd resistance level it should appreciate and double it’s value. As you can see it has gotten out of the bottom and is now bullish holding above 13.00 usd. The price should start spiking up and make a quick double top before a small sell off, then it’s off to appreciation. This is my idea! If you take a chance and risk it, the reward may be huge. Invest and trade at your own risk, research, and beliefs. This is not advice.
Good luck everyone.
ETC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Wave 4 retracement has bottomed out I think. It went further down than what I had counted on the previous chart. We should be working towards the last impulse wave (5).
wave 5 top: $200-250
ETC possible scenario and 2nd leg.. Folks,
It hurts if you see a CRYPTO classic breakout as we see here on the chart for ETC and you have missed it..
But most of the time these breakouts these strong tend to give 2nd chances in the form of a 2nd leg..
Be patient.
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