ETCUSDT
etc coming down hard etc down about 6.5-7 percent since markets closed at 8pm compared to the rest of the market, it is clear there is a whale selling. could be a fakeout or possibly having a negative reaction to the merge. we could etc come down to test the $30 level, and possibly sub 30
still a lot of new info coming out every hour about etc/ eth merge negative and positive effects, but its clear a big group of people wanted eth to be proof of work based on the pump etc has had since june, but now that the eth is here, we will see very soon if etc will hold and stay relevant as we get further into proof of stake Ethereum
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS
The last hours were very tense and accompanied by increased volatility
If the ETHUSDT price reacted with moderate growth
Then the ETCUSDT price look like is preparing for rapid growth.
In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44
Well, then the way will be open for growth in $80 are a
Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ETCUSDT - Targets and Stoploss - Interval 4HHello everyone, let's take a look at the 4H ETC to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 37.51
T2 = $ 38.41
T3 = $ 39.29
T4 = $ 40.52
and
T5 = $ 42.14
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 36.49
SL2 = $ 35.58
SL3 = $ 34.90
SL4 = $ 34.19
and
SL5 = $ 33.17
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator indicates that we are entering an uptrend locally.
bullish flag can make another leg up for ETC#ETC/USDT
$ETC had more than 140% increase since my analysis from 6/12/2022 and broke out from descending trend line.
🐮 now price shaped a bullish flag pattern and we just need a confirmation of the weekly candle to close above the channel.
so if we have this confirmation price can increase toward 1.618 fib level of last swing high (which is between upper trend lines) to complete flag Pattern and also it can be AB=CD pattern that can be complete.
🚀(ETC/USDT analysis)The #2 suggestion as a Ethereum POW alternative, for gpu miners , is Ethereum Classic,with an good potential to grow ;
🔹Rank #18,/ kind : coin POW \\ Market Cap:$5,299,956,329\\
Total Supply: 210,700,000///136,798,752.42 ETC 65% ====> good
🔰What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
📊Technical POV :
Since may 2022 ,ETCUSDT has been declining in a descending broadening wedges as a bullish pattern until now , so if be able to take over current yellow (pivot) zone and have a valid breakout of descending trendline , it will continue to rise to higher resistance zones , but otherwise may be rejected and can fall on the lower support zones as a pull back ,and then can start to rise again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀