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ETCUSD

#ETCUSD - A Small but Profitable Short?Having just locked in 10% with our Long trade on #ETC we're looking at a small but well-worth-doing Short trade, expected returns of around 10%. We've seen the price test and get rejected several times by the upper resistive trend line and now we seem to be trapped in a wedge formation - the price may trend within this range for a small time but given Crypto market sentiment after the recent Bull run, we can see some volatility coming! We don't see massive gains on this one, but 10% is 10%! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:ETCUSDShort
by theCrypster
6
short trem EtcIn the chart, we can see that the price after growth with the momentum that has reacted to the resistance range and is very tight and in the form of Cp is undergoing a downward correction. Currently, the price has reached the support range of $18, and the liquidity before this range has also been collected, and if you see a trigger at this level, you can enter the buy buy position. If this level is lost, the $16 support area becomes an important support for pricing and is very suitable for taking a buy position. Be sure to keep an eye on it
by armanb_crypto
ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March. We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up. I hope to see you in webinar today here on tradingview. Link can be find below.
BITFINEX:ETCUSDLong
by ew-forecast
9
🚨 ETC: What will happen next?So, now it is very important to watch the $20 level. This is a key support and we cannot break below it with the body of the candle anchored below the level. If we break through this level, we will see the continuation of downward movements. The orange lines are our supports. From them I will enter the long. But the first level of $19.26 is very risky. And in general, with downward movements, our longs will be against the trend, so I will trade a reduced coin volume. RR 1.5-2. That is, the take is 1.5-2 times larger than your stop. The risk from the deposit on such transactions I usually have 0.3-0.5%. Resistances are marked with red lines. Important levels that need to be broken for continued growth: 21.42- 22.33$.
by ilyasolloway
4
$ETC about to run?Usually when $ETC starts to run, we're nearing the end of a trend. I think we might see $ETC make a move over the next week. There's high volume coming into it with a 50% increase in the last day. On the chart, you can see that ETC broke it's downtrend line and has retested it and now is basing outside of it. If it can get over $24, then the next targets are $36, $43, $49. I'd take caution here as I think the entire crypto market will reverse sometime in the next 2 weeks. Let's see if ETC moves first (and don't get caught holding this).
COINBASE:ETCUSDLong
by benjihyam
Downward movement can continue to the lower support areaETC has been falling in price over the past week. Selling pressure started after the $25 resistance area was reached, and short-term buyers did a lot of profit saving. Ethereum's short-term trend was the classic range, which is still ongoing. But the price hit an important support level in the $20-$20.43 range, which has created a positive reaction, and we cannot consider Ethereum Classic to be bearish until a strong bearish candle closes below the $20 range in the 4-hour timeframe. But by breaking this support, the downward movement can continue to the lower support area. So the next reaction range will be at $17.39 to $18.42. The RSI indicator is inside a descending channel on the daily time frame, which, if a positive divergence forms at the bottom of the channel, has the potential to create signs of reversal and price growth. Therefore, if we see a further price correction, we expect a stronger reaction from the second support level.
by MonoCoinSignal
5