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ETCUSDT

ETC Ethereum Classic in a step down downward channel. Must see!Hello dear traders, I received a few questions about how Ethereum Classic ETC is doing. I have studied this and I see a downward trend channel with a step pattern which is repeating. I expect a breakout after ETC falls around the 100 level, the purple arrows. A breakout could also happen now following the blue arrows but I do not expect that. The last option, the price drops to 80 and then breaks out upwards. Below this price of 80 I see the bullish scenario evaporating. This is a hypothesis and a look at how things could go. Not a prediction but just possibilities with levels to follow. After a breakout from the channel at any level, wait for a re-test with good volume , Place the stop at the last swing low. If BTC starts to drop strong and suddenly then the ALTS will go down much harder. If Bitcoin drops or rises slowly, the ALTS may start to rise again. Therefore, always follow Bitcoin . The leader of the cryptos! See my previous analyses for up targets and support levels! Dear traders, this is of course my own personal view of ETC Ethereum Classic and not an investment advice. Always use your money management and a good stop loss before placing any trade! This way you stay in this game! Have fun and trade safely! If you appreciate my posts, it would be nice to follow and like me! It motivates me to continue with these analyses!
by PegasusTechCharts
24
ETC consolidate for a whileETC had a major pump from 45usd to 180usd and now need time to consolidate and I wouldn't trust any current advice to still buy into this crypto until it drop down to 99usd. As also Bollinger band can also see it had peaked out a lot and will move to the bottom of the band. Suggest to not HODL and just put limit buy order at either 99-100usd to get in at a nice low price bottom price. And when it pump again would take out your initial investment at 180usd and leave the rest go to the top of the channel.
Short
by chungdha
ETC Explodes To ATH But Weakness is Showing-ETC rises over 400% in one week -ETH price rise sparked an insane bull rally for ETC -Major support holding price is $110 Ethereum Classic has finally awoken from a 3 year slumber rising to a high of $180. The sudden price rise has thrown Ethereum investors through a loop as price nearly rose 2000% since the start of 2021. This price rally may be coming to an end as the ATH daily candle closed with a large bearish wick. After such a large parabolic move on the ETC chart, many new support and resistances were formed. For now, the important zone to watch on ETC is $130. This area is the last major resistance on the daily chart. If ETC manages to break and hold this mark, it may be in for a try at ATH. Major support on ETC stands around $110. If the price fails to hold this mark, ETC will be in for a fall to minor support of $96 and then $79 if it fails to hold. The price has been held up by the 5 MA since the end of April. Once price candles break below this MA on the daily chart, it will trigger a selloff. This is a soon probable scenario. While looking at the RSI, we can conclude the strength has been overbought for nearly 10 days. This is not healthy and indicates price need to cool off very soon. The stochastic RSI tells a similar tale as the strength has already started dropping off its highs. ETC intraday levels Spot rate: $125

 Trend: Bullish

 Volatility: High

 Support: $109
 Resistance: $130

by CoinGape
Just a thought on ClassicLong term hodler from back in 2016. The functional value of ETC is nothing compared to ETH, BUT this coin has another purpose similar to Bitcoin. It should remain as a store of value asset, the transaction fees are low and the code is law, therefore this coin will be POW forever. What makes it even more interesting to hold for long term is that like BTC, ETC has a limited supply. It tanked countless of bad rep and 51% attacks in the past but ETC won't bulge. Long term thoughts on ETC: 1000+. Consider not buying into the highs as I was shocked to see people gladly putting 6 figures into the top range of the ATH. We might even break below 88-100 area since this coin need to catch a breather and could test 50-70 range since that is a major support. Consider this not financial advice, I usually don't trade my holdings but since my precious ETC finally got some actions (way too much if you ask me). I was forced to sell and look for a re-entry around the 100-110 range. Also I would like to point out that ETC usually makes a move before something major happens, of course past actions don't indicate future results. but be prepared for anything! Even on long term holds it is wise to set a SL to then rebuy cheaper! -ETC IS GOLD- HAPPY DAYS AND THE BEST TO YOU ALL! Let me know in the comments what your thoughts are! :)
by DudeMajestic
1
ETCUSDT looks healthy. Let's do pyramid profiting What is pyramid profiting ? When we add to our existing profitable positions, while managing risk properly, that's the way to pyramid profiting. Pyramid profiting is done when we see a healthy trend be it bullish or bearish. While bullish, we add to our existing longs, and vice versa for bearish. Basically, we are taking advantage of trends by adding to our position size with each wave of that trend. I see a chance to pyramid profit on ETCUSDT on 1H chart. If you see, ETC has shown good upward movement recently and achieved an ATH at $179, after which it declined a bit and seems to make another run upwards. Opportunities like these, are good for pyramid profiting, when there is a chance of a strong continued trend. Money Flow Index looks to move up, and if good volume emerges it could see another leg up breaking psychological level of $200 and beyond. Traders can open a long position, or buy with some percentage of their portfolios, and add to their positions when it reaches defined targets. SL can be used accordingly. Always do your own research. For more ideas like these follow us. Visit Tuned to create strategies with pyramid profiting. Happy Trading
Education
by Tuned_Official
1