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ETCUSDT

Brief Analysis——ETCLet’s get the long-awaited BTC ETF approved. This marks a new era for cryptocurrency. More funds from U.S. entities will flow into the crypto market. Although all 11 BTC ETFs have been approved, the SEC’s attitude does not appear to have changed. The reason we think so is that the SEC deliberately waited for the U.S. stock market to close before approving the BTC ETF, and when Gensler approved the BTC ETF, he stated that the approval of the ETF was only based on pressure from the court and did not support or recognize the view of BTC. Of course, this will not affect subsequent capital inflows, but regulation may mark some tokens as unregistered securities again to clean up the crypto market. Another special thing is that ETH saw a significant increase after the BTC ETF was approved, while BTC did not. This may mean that the market has turned its back on BTC ETFs and begun pricing Dencun. The token we will analyze today is ETC. As a token that will be halved in 2024, let’s take a look at its recent performance. Compared with other tokens, ETC has performed generally during this round of rise. Before yesterday, the maximum increase was less than 70%. With the gains yesterday, ETC is out of the 2023 range. This will have a positive effect on subsequent increases. Judging from the indicators, ETC has entered a bullish trend. On the WTA indicator, we can see that in the previous waves of rise, the inflow of whales represented an increase, and the outflow represented a callback. But the trend is closer to a fluctuation. Yesterday's rise in ETC was supported by a lot of whales. To sum up, we believe that ETC’s bullish trend is not over. Judging from the rise throughout 2023, As one of the few tokens with the halving concept and POW label, ETC has a greater possibility of rising. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
ETC/USDT 4H ChartI invite you to review the ETC chart on a four-hour interval. We will start by defining, using the blue lines, the upward trend channel from which we tried to exit at the bottom. Locally, a yellow downward trend line has formed. Let's now move on to marking support areas for the price and here, after unfolding the trend based fib extension grid, we can see that the price with dynamic movements returned to the support zone from $20.56 to $19.52, while leaving the zone at the bottom may result in a strong decline even to the vicinity $16.50. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we can see the $20.76 level again as resistance, after which we can see increases towards the strong resistance zone from $23.12 to $24.38 just at the upper border of the previously mentioned channel. Looking at the RSI indicator, we can see that we have approached the lower limit, which could have slowed down the decline, but there is still room for recovery, while the STOCH indicator shows a quick rebound from the lower limit, which gives us energy for another price drop.
by cryptodailyuk
ETCUSDT #001 ( END with BEARISH move ,start with crazy bull run)Hello dear traders. Good days . On weekly Gann Square , first cycle of Bullish Gann square passed and 2nd cycle is started . 4HRS Bearish Gann Square is finished and from here is expected to move upward to the 0.618 Gann Box Fib level Price and continue to the 0.75 Gann box fib level. Chart updated and route plotted with help of Gann Square and Gann Box. Good luck and safe trades. Thanks for your support and comments
Long
by SHAlavi
ETC/USDT 4HInterval ChartHello everyone, I invite you to review the ETC pair to USDT chart. First, we will use yellow lines to mark the downward trend line from which the price broke out with an upward movement. And currently we can see movement along the local upward trend line. With the current upward movement, it is worth spreading the Fib Retracement grid, thanks to which we can determine a strong resistance zone from $21.58 to $22.39, in which the price is currently struggling, while an upward move from this zone may result in an upward movement around $23.44 . On the other hand, when the recovery begins, we can see support at $20.80, then we can mark the zone from $19.94 to $19.33, and then support at $18.54. If we look at the RSI indicator, we will see a movement at the upper limit of the range, just as on the STOCH indicator we are also bouncing from the upper limit. Looking at both of these indicators, we can expect the price to recover in the coming hours.
by cryptodailyuk
ETC/USDT Ready to Break out the Bullish Flag pattern ??💎 ETC has undeniably captured significant attention in the market. Currently, it is exhibiting a Bullish Flag pattern, and if it successfully breaks the resistance pattern of this formation, there is a probability of a smooth movement toward our target supply area. 💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory. 💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
by MyCryptoParadise
2
ETC/USDT Assessing Resistance Breakout Potential?👀 🚀ETC💎 Paradisers, focus on #ETCUSDT as it approaches a critical moment. The asset is on the verge of testing a key resistance level, presenting a high likelihood of initiating an upward movement upon a successful breakout. 💎 Currently, #EthereumClassic is inching towards the resistance at $23.17. If it respects this level, we might witness a slight pullback before a bullish continuation emerges from the demand zone. Alternatively, if BME:ETC breaks through this resistance without hesitation, it could trigger a significant bullish surge. 💎 However, given the dynamic nature of the cryptocurrency market, #ETC traders must stay prepared for various scenarios. Should the anticipated breakout not materialize as expected, pivoting to a bullish recovery strategy from the support level of $18.5 will be crucial. 💎 Importantly, a descent below this support level would signal the need for a tactical reassessment. Such a development would imply reevaluating the bullish sentiment and adapting the trading strategy to align with the new market direction. 🌴💰
Long
by MyCryptoParadise_Simon
1
ETC - Dead project or Resilient Hold ?Hi Traders, Investors and Speculators of Charts📈📉 The Ethereum Classic fork was a result of a disagreement within the Ethereum community over how to respond to a hack that had occurred on the network. The hack resulted in the theft of 3.6 million ETH. Some members of the community believed that the best way to respond to the hack was to hard fork the blockchain , which would erase the hack from history. Others argued that hard forking would set a dangerous precedent and would be a violation of the principle of immutability . Those who opposed the hard fork eventually formed the Ethereum Classic community. They believe that the original Ethereum blockchain should be preserved, even with the hack in place. They argue that hard forking is a form of censorship and that it is important to maintain the integrity of the blockchain. You can't really call that ETC is a dead project, reasons being: 1) It has a strong community of supporters and there is still active development on the project 2) ETC is listed on many major cryptocurrency exchanges The market sentiment on ETC is mixed. Some people believe that ETC still has potential to become a major player in the cryptocurrency space, while others have shifted focus towards other, newer altcoins. The future of ETC is uncertain, but it's still unreasonable to call it "dead", at least for the time being. FOUR main things I'd consider with ETC: 📢1) Old bag holders may want to look for the first opportunity to get out, creating strong resistance zones 📢2) At the end of the day, it's a coin that can be traded and most probably will be traded by whales though this kind of behavior is usually very untimely and unpredictable (we observe a similar situation on XRP) 📢3) ETC has a history of security vulnerabilities 📢4) ETC has a limited supply of 210.7 million coins _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck COINBASE:ETCUSD BINANCE:ETCUSDT
COINBASE:ETCUSD
by CryptoCheck-
10
ETC/USDT analysis update from 11/13/2023Hello everyone, I invite you to check out the updates on previously performed ETC/USDT analyses. Let's start by marking the formation we can see, currently we have one channel created, when a second smaller one is created, it may be the beginning of a pro-growth formation. Next, the white line will mark the local trend line over which we are moving, and the yellow line will mark the downward trend from which the price moved dynamically into a local uptrend. Going further, we can move on to marking support areas when we start a correction. And here we will mark the support zone from $19.55 to $18.12, but if the price breaks out of it, we may see a return to the second zone from $15.78 to $14.11. Looking the other way, we see that the price is fighting in a strong resistance zone from $20.20 to $22, and then we have visible resistance at $24.31. Please look at the CHOP index, which indicates that we have energy for the upcoming move, the RSI indicator shows an upward movement after recovery, which again gives a lot of room for a decline, while the STOCH indicator shows that the upper limit has been exceeded, which causes the growth to slow down and may translate into for the price recovery. As we can check, the analysis performed earlier works very well, we can see the downward movement as announced and we are currently moving in the previously indicated support zone, let's continue to observe whether the principle of the mentioned formation will work.
by cryptodailyuk
ETC in a pro-growth formation?Hello everyone, I invite you to review the ETC chart in pair with USDT, also on a four-hour interval. Let's start by marking the formation we can see, currently we have one channel created, when a second smaller one is created, it may be the beginning of a pro-growth formation. Next, the white line will mark the local trend line over which we are moving, and the yellow line will mark a downward trend from which the price moved dynamically into a local upward trend. Going further, we can move on to marking support areas when we start a correction. And here we will mark the support zone from $19.55 to $18.12, but if the price breaks out of it, we may see a return to the area of the second zone from $15.78 to $14.11. Looking the other way, we see that the price is fighting in a strong resistance zone from $20.20 to $22, and then we have visible resistance at $24.31. Please look at the CHOP index, which indicates that we have energy for the upcoming move, the RSI indicator shows an upward movement after recovery, which again gives a lot of room for a decline, while the STOCH indicator shows that the upper limit has been exceeded, which causes the growth to slow down and may translate into for the price recovery.
by cryptodailyuk
1
ETC is +173% profit in the long run.Hi everyone, it's time to talk about ETC. For more than a year the asset has been in a large accumulation zone and the stopping factor for the price growth was the 200 day EMA and the descending trendline, which is one of the facets of a symmetrical triangle/descending triangle. The price recently managed to consolidate above the EMA-200 but further growth was stopped by the downtrend line. The price range is now maximally narrowed and on the background of the changed general market trend I expect a breakdown of the downtrend line and further movement to the important Fibo level of 0.236. I plan to open positions also from 0.236 Fibo level. Targets on the chart: 0.382 Fibo (+45%) 0.5 Fibo (+99%) and 0.618 Fibo (+173%). Additionally on the chart I marked the price resistance/support levels with blue lines. In the long term, we can expect an ATH update on the chart. Also, if you have extra funds, you can place buy orders around $14-$16 This is not financial advice, everything you do you do at your own risk!
Long
by neverovv
ETC/USDT bull Flag Breakout Anticipated? 👀 🚀ETC Today Analysis💎Paradisers, prepare for a remarkable opportunity with #ETCUSDT. It's currently exhibiting a promising pattern, nearing a breakout from a bull flag formation, which signals a high probability of an upward move following this potential breakout. 💎#EthereumClassic has been following a descending trendline trajectory. After breaking above, it has formed a bull flag, indicating a bullish sentiment. Presently, as it trades in a demand zone, there's a substantial chance for a bullish movement. With continued upward momentum, It is set to target supply levels at $21.81, and could potentially extend its rise to challenge higher supply levels at $24.91. 💎 Additionally, be ready for a possible bullish resurgence from the demand level of $17.89 if #ETC encounters difficulties in sustaining its upward trajectory. However, a drop below this level could signify potential challenges in sustaining the bullish trend. 💎 In this dynamic and evolving market environment, strategic foresight and skilled decision-making are crucial. Developing a comprehensive trading strategy, which includes prudent money management and a thorough understanding of support and resistance levels, is key to achieving successful trading outcomes. 🌴💰
Long
by MyCryptoParadise