ETC/USDT 4h (Binance Fut) Descending channel break-outTA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest.
I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
ETCUSDT
ETCUSDT AnalysisI am mostly positive about Ethereum Classic. There is a moon signal. In addition, the MA 20 (blue line) and MA 50 (yellow line) have met, and it looks as though the MA 20 (blue line) will go above the MA 50 line, indicating that it is time to buy it. The candle is sitting on the resistance line. If the candle opens and closes above it, I will buy it. If the candle moves down and breaks the support level and opens and closes below it, I will sell it.
ETCUSDT ANALYSISIf you have ETC, you may wait at the resistance line(7.2300) to sell it.
If you want to buy, you have 2 opportunities.
a) you wait that the candles go down at the support line(5.3220)
b) you wait the resistance line(7.2300) will turn the support line. And, also, take help from EngineeringRobo's signals.
Ethereum Classic (ETC) - July 22Hello?
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We need to see if we can rise above the short-term downtrend line (2).
In case of a downturn, we need to make sure we get support at the 5.889 key point.
You should also watch for support on the long-term uptrend line (1).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252.
The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level).
The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support.
We can call bottom trend line and monthly level as DUAL SUPPORT for ETC.
Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383.
Current Condition
From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252.
ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support).
Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level.
If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN.
Lookout for Head and Shoulders pattern for now in coming 10 days.
Trade according to the pattern.
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More than 14 R:R which is insane.
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$ETCUSDT if E.Classic breaks ...$ETCUSDT
if E.Classic breaks the DT top then i am in . until then not interested
ETHEREUM-CLASSIC Scoring
Overall Score: 59.65%
Open communication channels: 0%
Team strength: 0%
Product strength: 20%
Coin strength: 92%
Brand awareness/Buzz: 80%
Advisory board strength: 0%
Activity on social media: 25%
Quick Research
Purpose: Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, token issuance
Consensus Method: Proof of work
Emission rate: Deflation through token burning
TXN'p/s: 0
Abstract:
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Investment data
Listed on 84 exchanges
CoinMarketCap Rank: 22
Market Cap: $574 M
24H Volume: $622 M
Coin Age: 39 months
Ethereum Classic (ETC) - July 6Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to see if we are supported by the long-term uptrend line (1) and can rise above the 5.889 point.
If we can get support at the critical point of 5.889, I think there is a possibility that it will turn into an upward trend.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC Long - Expect some profitsBullish Divergence can be seen on 4 Hours timeframe. If you are taking this trade, use tight stop loss and manage your risks. Profits can be more than expected. It's better to have precaution and Bitcoin is showing some unexpected movements too.
If there is confirmation above the line it could show some massive moves, If you want to hold this trade for long. Book partial profits and then use trailing SL with this trade
ETC/USDT 8H (Binance Fut.) Pennant on support, back to channelTA: Ethereum Classic would probably retest the ascending parallel channel if pennant manage to hold and break up.
Current Price= 6.286
Buy Entry= 6.310 - 6.220
Take Profit= 6.591 | 6.969 | 7.237
Stop Loss= 5.939
Risk/Reward= 1:1 | 1:2.16 | 1:2.98
Expected Profit= 26.00% | 56.20% | 77.55%
Possible Loss= -26.00%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 360h
Ethereum Classic (ETC) - June 28Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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It fell from 5.889 and touched the long-term uptrend line (1).
We need to be supported by the uptrend line (1) and see if we can ascend.
If it falls, there is a possibility to touch the 4.250 point.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section