Etcusdsignals
ETCUSD Still on huge upside potential despite the current rally.Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential.
The next critical Resistance level is 46.3500 and that is our long Target as it is where both the 0.5 Fibonacci level and Resistance 1 are.
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ETCUSD Channel Down or Bull Flag? See how to trade it!Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that followed broke above the Channel Down, however it is only marginally and have been so far contained with the 1.118 Fibonacci extension, which is within tolerance levels, just like the break below the Channel on the June 18 Low that was contained within the -0.118 Fib. In fact, see how perfectly each of the recent Lower Highs remains on the 1.118 Fib.
Since the mid July rally was so aggressive, the Channel Down that followed can be technically viewed as a Bull Flag pattern, preparing a longer-term bullish move. This gets even more significant as the 1D RSI rebounded on a Symmetrical Support level which during this 2021/22 Bear Cycle, always broke lower after but this time it provided a strong rise that broke above its Lower Highs. Furthermore, the 1D MACD just made a new Bullish Cross, the first one on such high values during this Bear Cycle. In addition, the price has already broken 4 times above the 1W MA50 (red trend-line), which on March 29 rejected the rally at that time. Last but not least, we have been trading on the strongest 1D Golden Cross (when the MA50 crosses above the MA200) since December 26 2020!
As a result, we could give the bull side a slight edge but only as long as the 1D MA50 (blue trend-line) and especially the 1D MA200 (orange trend-line) hold. In that case we can expect a Flag break-out and test of the 53.000 Resistance which was the previous Lower High of March 29. Above that level, we can confidently claim that the bullish trend has been restored on the long-term.
A break (candle close) below the 1D MA200 though, could kick-start a new downward sequence. In that case, a high probability target can be the 0.236 Fibonacci level, which as shown on the chart (circles) was hit on every major bearish leg within this Bear Cycle.
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ETCUSD Struggling to break the 1D MA200Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200 (orange trend-line), after the rejection on July 19. Technically, with the 1D RSI rejected above the overbought region, this is a sell signal towards at least the 1D MA50 (blue trend-line). Even a marginal break above the 0.618 will still be a sell signal. Make sure you always have the SL tight as the closer we get to the Lower Highs (top) trend-line of the Channel Down, the more likely a break-out becomes. The way it is now, a break above the top (around 41.00 now) signals a complete shift to bullish sentiment on the long-term.
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ETCUSD Still not bullish long-term until this breaksEthereum Classic has had a +45% rise in just the past 2 days and is currently testing the 1D MA200 (orange trend-line). That level has been intact since the November 10 2021 Lower High.
Unless the 1D MA200 and the Lower Highs trend-line just above it break, ETC won't reverse the long-term bearish sentiment and will continue trading within the Channel Up that started at the begining of the year. A break below the bottom of this Channel Up, constitutes a sell signal targeting the Pivot line.
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ETC/USD Spot buy signal on 9th August 2021On 9th August , we have signal to buy ETC/USD on spot or small margin around 53-54 usd which is strong support area, also when RSI on H1 touch the 30 zone (oversold zone)
Trading plan : buy ETC around 53-54usd when it pullback to the strong support zone, move stop loss to entry when have profit, target TP1 : 56 usd TP2: 58 TP3: 60
ETCUSD Watch these bullish signalsEthereum Classic broke this week above the 1D MA50 (blue trend-line) for the first time since June 04 but has so far failed to convincingly close above it. However there are a few bullish indicators to keep an eye on as a rally may be in the making.
I have used the Pitchfork to illustrate a few key trend-lines. First I'll start by highlighting the significance of the 1D MA200 (orange trend-line) which has been holding as a Support since January 04. Also both the LMACD and the Ichimoku are on a Bullish Cross (the Ichi has just done so). This has some similarities with the February - March accumulation phase which also was made within a Channel Up.
In my opinion as long as the 1D MA200 is holding here, we may start seeing a sustainable rally on ETCUSD.
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ETCUSD further bearish correction aheadWednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
and primary target would be 35.00 Place your stop lose above 90.00 which is expected 200EMA resistance
ETCUSD Multiple bullish confirmationsETCUSD
Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the
extended target would be 135.00. We can set our stop lose below the 200 EMA. The current price was around .50 Fibonacci
belive or not ... ETC gonna make +500% profits 🚀 🚀right now as we can see ETC confirmed a first breakout for the last resistance it bounced from , we can see a daily candle will be closing above it.
however let us take a look on the situation from a longer time, we can realize that ETC is not a garbage coin as we all thought it was just consolidating for a huge movement in 2021 !
as per the chart the main resistances hasn't been broken yet since the bullish cycle started which indicates for amazing potential will be coming out , ETC will be exploding remember my words
MIDTERM SIGNAL TRADE
✅ Buy: 16.70 - 18.30 ✅
🎯TARGETS:
1- $22.25
2- $36.00 (WILL BE REACHED IN APRIL 2021) - take profit for small portion maybe 15% - 20%
3- $61.57 (take profit for 40% - 45%)
4- $106.0 (take profit for 30% - 35%)
5- $122.1 ( preferable not to wait, small possibility to reach there before 2022 )
💵 Trade Size: 7% - 10% of Portfolio
🚫Invalidation(SL): daily candle close below $10
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Must follow me for latest crypto real time updates.
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ETCUSD The Bottom is in. How to trade next.Ethereum Classic is extending a strong rebound after the December 17 low, which on a 12-month basis appears to be the bottom of this cycle as the bounce happened inside the 3.300 - 3550 1M Support Zone. Even the RSI sequences of the (Dec 2018-Feb 2019 with Nov 2019-Jan 2020) are similar.
So what's now then for ETC? In my opinion we should focus on the Symmetrical Resistance levels. The 1st is at 5.900. If that breaks, I expect an extension to 7.000 before a new pattern emerges. If the price gets rejected at 5.900 then we will most likely test the intermediate pivot line (black dashed bold line) of the downtrend sequence that started in June. If it holds, then that would be a great sign for Bulls and the best buy entry for the strong rise to follow.
ETCUSD forming bullish Butterfly | Upto 100% move expectedThe price action of Ethereum Classic / US Dollar is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 4.027 to 3.378
Sell between: 5.025 to 6.767
Enjoy your profits and regards,
Atif Akbar (moon333)
ETCUSD (SHORT) C&H signals higher high TP1-2 & stop loss listed on the two green horizontals and the red horizontal, respectively.
Cup & Handle formation signals window for a nice short. Not too late to buy entry before FOMO!
TP1: $7.30
TP2: $8.179
Stop @ $6.189
What a beautiful day for both NYSE && CoinMarketCap =]
Disclaimer
Not financial advise.
-@a1mTarabichi
ETCUSD Buy Signal to $9.500. Long term trend line in support.After completing the medium term symmetrical pattern (Head and Shoulders) with a Right Shoulder peak near 8.000, Ethereum Classic is now again approaching its long term 1W Higher Low trend line (dashed line) that has supported the Bull Cycle so far since the start of 2019.
With the 1D Support Zone also just below, I am expecting an even stronger rise this time towards the 1W Resistance.
Target: $9.500.
ETCUSD The fractal worked great last time. Same pattern spotted!Well don't blame me about the recent spike. You were warned on March 5th when I told you to buy at 4.226 on a perfect fractal recognition and target 6.500. Well ETC took off right after and touched 8.000 even!
Another perfect fractal has been spotted from the 2017 kick start of the bull cycle. Bullish break-out, then Channel Up with clear Highs and Lows and then a super aggressive bullish break-out. After the break-out the target can easily be 12.000 or even 14.000.
Are you willing to miss this fractal opportunity?