ETCUSDT
Ethereum Classic (ETC) - September 6Hello?
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(ETCUSDT 1D Chart)
1st resistance: 40.76-43.40
2nd resistance: 47.10
1st support: 36.26,
2nd support: 30.50-32.78
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, the key is whether the 36.26-47.10 section can be supported and rise.
In particular, we need to see if we can move above 40.76 to break out of the medium-term downtrend line.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(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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ETCETC appears to have broken out of the LT triangle correction, since this break out doesn't look impulsive yet I'm ruling it an ABC bearish move up which can hit $72 into Oct before another big sell off. If the C wave up leads into a786% correction of the ABC move then I'd rule that sell off as a wave 2 and the ABC would be a W1. Let's see
ETC/USDT LONG IDEA 2H, 4H 🚀🚀🚀Hello traders, yesterday we witnessed a massive pullback from 30.30$
I believe if we break resistance 1, ETC can reach the 38$
And of course, the triple bottom has been confirmed on 2H, 4H
This idea is not meant to be, and does not constitute, financial, investment, trading advanced advice
ETCUSDT|The miners will come soon, well, that's not about it nowhello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The asset on the three-hour chart has left the descending channel, while I see that the price will be able to test the upward channel again as a support zone.
I use a short stop-loss for the deal, if the price breaks through $32, we will see a continuation again in the channel. For now, for a safer transaction, retest the upper bound.
It is also worth paying attention to the fact that Ethereum will soon switch to POS, many experts and analysts indicate that miners will come to Ethereum Classic. Yes, and Buterin himself said on his Twitter that miners would pay attention to ETC.
So this is a reason to think about buying a coin on spot.
ETCUSD: Growth PotentialHi all.
Earlier, the growth dynamics of ETC caused the price to soar more than 200%, which in turn formed a powerful upward momentum.
At the moment the price continues to correct within the supposed local wave 4.
I am closely watching the price and will be included in the trade, if further growth is confirmed.
ETC/USDT - 27.08.22 - Market UpdateHello Traders!
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to consider buying.
The range for asset accumulation will be a zone of $11.30-14.50.
The targets will be the levels of $29.00 and $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETC above weekly support#ETC/USDT
$ETC is still above weekly support.
price can continue sideway moves between descending trend lines for a while!
🐻 rejection from upper zone can shape a Head and Shoulders pattern and drop price to the lower line of weekly support.
🐮 break out from the upper zone can ride price to the moon.