ETC.P SignalThis year has been a rough year for crypto. Downward pressure appears with all coins.
With the ETC 2h frame, we see the price continuously entering the red area (possibly signaling a downtrend).
This is test result from the beginning of 2023 to the present including the current bearish period. Let's see how the S1-TM performs in a downtrend.
ETCUSD
ETC currency in a downtrendEthereum Classic currency is in a falling trend, so the strength is with the fall and the short position is better for this currency.
Of course, the possibility of a further correction and fall for Ethereum Classic is not far from expected, because at the moment, according to the price action, there is a possibility of the price returning to the ceiling of the channel for this currency.
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ETCUSDTBINANCE:ETCUSDT SHORT IDEA
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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ETCUSDT Setup short positionETC/USDT
Broke the support and now already retest after break the support, potentially the price to continue down. Besides that EMA 20 and EMA 50 are already death cross which mean the price will switch from bullish to bearish. Good to buy now
ETC/USDT (SHORT)
Leverage : CROSS 10-20x
Entry : 18.31 - 18.7
Target : 17.815 - 17.354 - 16.590 - 15.512
Stop : 18.976
ETC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETCUSDTThe current situation of Ethereum Classic is as follows:
In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days.
Now we are witnessing a price decline from the top of the channel.
In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel.
But why $18?
In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Don't forget to like and comment
Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
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ETC - breakdown of the global countertrend! The price will fly iHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
A few thoughts regarding the ETC chart.
My position at 15% of the deposit with an entry point of $18.85 continues to hang, as I said, I will just wait for better changes in altcoins. Well, according to ETC, they may have already arrived ...
Technical: the price has broken the global trend line and the most important thing is that the buyer does not lose the zone and we are fixing above this trend line.
In the future, if things go well on the chart as well, then I expect to see an exit to the first resistance of 0.236 Fibonacci ($23-25) 25% of my entry point.
Breaking strong resistanceOn the 2h ETCUSD chart, we see that the price of ETC is reacting after breaking through the 18.x resistance area.
Before that, the price after breaking through the downtrend line at 15.x area accumulated and had a very good bullish phase.
The price needs to accumulate strength to break through to the 23.x range to confirm the position of the uptrend firmly.
Currently suitable for a hold order, not suitable for opening a new position.
How many chances do you think Ethereum Classic will give you?
Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!!
Full List of Cryptos Named Securities in SEC Lawsuits:
www.sec.gov
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ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
ETC short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.