ETCUSD $23.27 maximum targetPattern failed at my previous analysis at ETC, but its not bearish yet.
we can see a strong diagonal support keep climbing and create another higher low.
if this diagonal support broken, we still have fibonacci support at $19.49 with target at :
Fibonacci 1.272 at $22.48
Fibonacci 1.414 at $22.83
and Fibonacci 1.618 at $23.27 as maximum target
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETCUSD to reach bullish target
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ETCUSDT
ETCUSD fibonacci supportETCkeep climbing with bullish trendline, and found fibonacci support at $19.34
If trendline not broken, target at $23.394
Don't forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETCUSD to reach bullish target
Click here to check my other analysis
ETC/USDT potential shift ? 👀 🚀 ETC Today Analysis💎 Paradisers, be alert! We've observed that ETCUSDT, amidst recent market fluctuations, is revisiting a robust support level, hinting at a potential bullish trajectory.
💎 After a swift descent, ETC touched upon its daily support. This came post its ascent above the channel, charting an upward path. However, a rejection from the overhead supply, coupled with the formation of an equal high, triggered a significant decline.
💎 Now, if the price sustains its momentum above the 14.53 support mark, we're hopeful of it targeting the upper supply zone.On the flip side, should the price of ethereumclassic dip below this support, anticipate a deeper descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Short-term support range : 16.71-17.20Hello?
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(ETCUSDT chart)
The key is whether the price can be maintained by receiving support around 11.338-16.07 and rising above 19.45.
(1D chart)
We need to see if it can receive support around 16.71-17.20 and rise above 18.80.
If it falls below 15.27, caution is needed as there is a possibility of a new low.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ETC ETC as most coins look Bullish right now
I think that we can expect the coin at 22.49$ soon where I would pay extra attention on how the coin will react.
If it manages to consolidate above that price, and stay above it, in this case it can go higher towards to 40.58$, where we can expect to see strong bearish reaction (n.2)
Otherwise, if the coin rejects from 22.49$ in this case next important level for Bull continuation will be 19.35$ (n.1)
Bullish sceanario invalidates if the coin is not managing to stay above 19.35$ in this case it may go lower or will continue its consolidation above 12.55$ price level
ETC/USDT 12.10.2023 Review ChartHello everyone, I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use yellow lines to mark the triangle in which the price is approaching the exit and the direction of movement.
Going further, we can move on to marking support areas when we start a larger correction. And here you can see a strong support zone in which the price is currently close to the lower border of the zone ranging from $19.64 to $12.60, but when we break out of it, using the trend based fib extension grid we can determine a second smaller zone from 9 $.61 to $7.48.
Looking the other way, we see that the price has a significant resistance zone from $25.18 to $29.09, only when it overcomes it will it move towards the resistance level of $33 and then $38.62.
Please look at the CHOP index, which indicates that there is still energy in this movement, the STOCH indicator shows exhausted energy, which is also confirmed by the chart, while the RSI indicator shows a strong rebound, but with room for the price to go slightly lower.
ETC/USDT 4HInterval ReviewHello everyone, let's take a look at the ETC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Trend Based Fib Extension grid, we see that the first support is at $15.44, and then we have a support zone from $15.19 to $14.98.
Looking the other way, we will check the resistances in the same way and the first resistance is at $15.65, then the second resistance at $15.96, the third at $16.20, and then there is a resistance zone from $16.44 to $16, $79.
Looking at the CHOP indicator, we see that there is a lot of energy to be used, while the STOCH indicator approached the upper limit, which resulted in a change in the price direction with room for further decline.
No One Is Noticing This Massive Price Reversal Setup Of ETCHi friends hope you are well and welcome to the new update on Ethereum Classic (ETC).
Before starting the analysis of ETC, I would like to share with you my most recent trade signal for Ethereum Classic, which I shared on 21st Sep 2023. That was a harmonic bullish reversal BAT move, which ETC formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Formation of huge wedge:
On a weekly time frame, since May 2021 to March 2022 Ethereum Classic was moving in a very falling while wedge pattern and finally in the second week of March 2023, it broke out this big wedge, but got stuck inside in another falling wedge pattern, which was bigger than the previous one.
Broke several wedges and the formation of channel:
While moving inside the bigger falling wedge pattern, the priceline of ETC has been breaking out different other patterns as wel. In the below chart, it can be clearly seen that in the month of July 2022 it broke out another falling wedge and then formed another falling wedge and broke it out in the month of January 2023. Now it has formed a down channel and moving within the bigger falling wedge pattettern.
Targets:
As the down channel is considered a bullish biased move, therefore, there is a very high probability that the priceline may break out this recent down channel rather than breaking down the support. Now if we take a look at the targets, then the target for the channel’s breakout will be approximately 25 dollars, which is the top of the channel, and if the price and reaches there then it can also breakout the bigger falling well, and the target for the bigger falling is $75. And there is a big move still due, which is the target of the falling wedge breakout which was happened in the month of Mar, 2033, and this target is between $180 to $200.
Conclusion:
On a weekly time frame chart, ETC is continuously forming bullish biased patters, therefore, there is a very high probability that the priceline may soon break out the bigger falling wedge pattern for a very massive and long term rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETC/USDT 4HInterval ReviewI invite you to review the ETC to USDT chart. First, we will mark the downward trend lines with a yellow line, below which the price moves. As you can see, the exit from this line was not maintained. At this point, the blue ema crosses the 200 line, which pushed the price back into a downtrend.
Moving forward, we can move on to marking out areas of support as we begin a larger correction. And here we have a visible support zone from $15.36 to $14.92, then we have support at $14.30, and then support at $13.50.
Looking the other way, we see that the price has fallen through the resistance zone from $15.81 to $16.41, then we have resistance at $16.60, and then resistance at $17.21.
Please look at the CHOP index, which indicates that the energy of the downward movement has been exhausted, the RSI is recovering but there is room for the price to fall, while the STOCH index has also rebounded but there is still room to fall.
Ethereum Classic (ETC) forming bullish BAT for the next pumpHi dear friends , hope you are well and welcome to the new update on Ethereum Classic (ETC) with US Dollar pair.
Previously we caught a nice trade of ETC as below:
Now on a 4-hr time frame, ETC is about to complete the final leg of a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETC.P SignalThis year has been a rough year for crypto. Downward pressure appears with all coins.
With the ETC 2h frame, we see the price continuously entering the red area (possibly signaling a downtrend).
This is test result from the beginning of 2023 to the present including the current bearish period. Let's see how the S1-TM performs in a downtrend.
ETC currency in a downtrendEthereum Classic currency is in a falling trend, so the strength is with the fall and the short position is better for this currency.
Of course, the possibility of a further correction and fall for Ethereum Classic is not far from expected, because at the moment, according to the price action, there is a possibility of the price returning to the ceiling of the channel for this currency.
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One last wave of decline?It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
ETCUSDTBINANCE:ETCUSDT SHORT IDEA
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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ETC/USDT WHAT NEXT ?👀🤷♂️ETC Today Analysis💎 ETC is primed for an intriguing move as it has impressively tapped the Bearish Order Block (OB) twice.
💎 Currently, SET:ETC trading in a demand area, and we anticipate the price to retest the OB once more.
💎 Notably, the first bounce faced strong rejection, and the second bounce appears weaker, signaling that the price might ascend again.
💎 Volume also displays significant spikes, confirming a high probability of upward momentum.
💎 Another factor to consider is that if the price breaks the critical point,EthereumClassic could experience a downward move
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ETCUSDT Setup short positionETC/USDT
Broke the support and now already retest after break the support, potentially the price to continue down. Besides that EMA 20 and EMA 50 are already death cross which mean the price will switch from bullish to bearish. Good to buy now
ETC/USDT (SHORT)
Leverage : CROSS 10-20x
Entry : 18.31 - 18.7
Target : 17.815 - 17.354 - 16.590 - 15.512
Stop : 18.976