ETC - Massive price movement coming! The enormous triangle currently displayed on the chart represents the price trend that ETC has been following since August of 2021. A successful breakout from this particular pattern is likely to result in a significant price movement for ETC! If the price breaks below 16$, a move down to 10$ may happen!
Current market conditions suggests that many altcoins are exhibiting a bearish outlook, with a considerable number of them having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins are likely to suffer significant losses. It is my projection that a decline of at least 50-70% in altcoins may occur prior to August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021.
Regarding Bitcoin, it is possible that it may soon reach 25k so trade safe
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About BTC:
It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Upon examination, it is also evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ETCUSDT
ETC - Massive breakout possible! The price is brushing the upper trendline of the triangle and a breakout is possible!
The idea is: Buy when the price breaks above 25$ and take profits at the levels shown in the chart.
Targets:
1. 28$
2. 32$
3. 37$
4. 47$
5. 53$
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Recent Altcoin trades:
ARB / USDT: 30% profit!
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ETC BULLISH BREAK!ETC Breaks a descending wedge pattern on the WEEKLY. That means extreme price pumps are about to happen.
It is just breaking it now and RSI is looking healthy at the mid range , slightly bullish.
Bullish target: $ 36.00
NOTE: on the log chart it's still stuck in a bullish flag (parallel channel)! This is a bearish sentiment. But from FIB levels and RSI this is looking very good! ETH has been pumping and ETC is quiet ... that means it's due for a rise!
TAKE A LOOK AT THE LOG CHART:
✴️ Ethereum Classic Long Consolidation, The Bright SideIt's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022.
I will go through the whole thing because many people are new.
We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave.
ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level.
The bright side of this, the good news.
The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support.
This might be the last time we see this Altcoin at HKEX:20 something... Once it moves up, it will go strong and it might never come back down.
If it does move back, then this would be the bottom/higher low, near the current price.
The longer the consolidation phase in duration, the stronger the bullish breakout when it comes.
It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term.
Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars.
Namaste.
ETC/USDT - Ethereum Classic: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the SET:ETC / CRYPTOCAP:USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 21.48 | 22.39 | 24.13, while the main support levels can be found at 19.74 | 18.91 | 17.17. Consider buying at the current price of 21.14 and benefiting from the trend continuation.
◰◲ General info :
▣ Name: Ethereum Classic
▣ Rank: 25
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule.
◰◲ Technical Metrics :
▣ Mrkt Price: 21.14 ₮
▣ 24HVol: 15,065,869.507 ₮
▣ 24H Chng: 4.241%
▣ 7-Days Chng: 0.07%
▣ 1-Month Chng: 12.12%
▣ 3-Months Chng: 3.06%
◲◰ Pivot Points - Levels :
◥ Resistance: 21.48 | 22.39 | 24.13
◢ Support: 19.74 | 18.91 | 17.17
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.91
▣ Last 90D: 0.49
▣ Last 1-Y: -0.11
▣ Last 3-Y: 0.97
◲◰ Volatility :
▣ Last 30D: 0.74
▣ Last 90D: 0.69
▣ Last 1-Y: 1.11
▣ Last 3-Y: 1.22
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.75 - V. Bullish
▣ In-depth ETCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETC H&S FORMING 😎⏰😎⏰😎Hi dear traders
ETC has formed H&S pattern.
If neckline breakout correctly then we expect price rise to specified targets.
For entery long position waiting ✋until breakout neckline and retest this area as support.
Put stop-loss below right shoulder.
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ETC/USDT will soon present a buying opportunity."Etcusdt
The price of ETC/USDT might go up soon because it's forming a bullish Symmetrical pattern on the daily chart.
But on the 4-hour chart, there's a bearish pattern which suggests the price might drop before going up. it's possible that the price could drop more before going up.
"I am expecting a small price drop at the moment, and my preferred buying zone is the area that I've marked on the chart."
Please keep in mind that our ideas are based on our experience and knowledge, and may not be completely accurate as the market is always unpredictable and anything can happen at any time. It is essential to conduct your own research and use your own knowledge when trading. If you are happy with our work, join us
ETCUSDT | Wave Projection TFW Ending Diagonal Breakout SetupWave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup
> The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone.
> Now with multiple false breakdown, possible pinbar long entry setup pattern.
> Target Zone: 0.618 - 0.786 Fibonanci retracement - Volume profile point of control area + 80% upside
> Stoploss Zone: previous low with a pinbar looks like the right shoulder of a mega inverted Head & Shoulders -20%
> RRR: 4:1
RSI TFW bullish signal - uptrend above MA and squeezed below 50.
ETCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Nothing has changed, still waiting for upward movement.
Entry: market and lower
Target: 27 - 30 - and maybe even 35(not sure)
after first target reached move ur stop to breakeven
Stop: ~15.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ETC IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETC New Target Will Be $36 Per-Share/Formed Ascending TriangleHey everyone, today i'm going analysis ETC/USDT pair, on the daily time frame let's begin...
1)On daily time frame we can see Ascending Triangle formation is going on,so price is squeezed into Ascending Triangle after we finally breakout from Triangle, so there is higher chance we will breakout to the upside, because Ascending Triangle is bullish pattern.
2)We can see we have Diagonal DowntrendLine at $20.5 per-share, so wen we breakout from this DowntredLine at $25.5 and ETC will gets some momentum and next Resistance will be from Ascending Traingle at $24 per-share,if price can breakout from $24 price zone, ETC target will be $36 per-share, that's the main target on this analysis.
3)We have strong Diagonal Support zone and price reacted 3 times already, so after three touch was made on Diagonal Support zone price will must move fast enough,so we can clearly see price was moved fast enough to the upward trend,after 3 touch on Diagonal Support, so price ETC getting more straight, its mean we going to do HIGHER - HIGH and HIGHER - LOW.
4)We are using also EMA RIBBON indicator on this analysis, If price is above EMA RIBBON, its mean good signal for we can moving into upward trend for coming weeks.
5)RSI indicator perfectly was boncued from oversold zone at 30, RSI is breakout from Downtrend Line , so RSI getting more strong, it's also good sign for price gets some momentum and RSI will move to the upward.
Etcusdt Price will Rise again ?While the price is above the support, expect the price to rise above 23$ mark
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✴️ Ethereum Classic Update | Long-Term GrowthSomething is happening here with the Ethereum Classic chart that reveals a bright future.
Notice that back in July 2022 ETCUSDT only lasted a few days above EMA100 consolidating before moving forward.
This forward move was then followed by a strong correction which ended in a higher low.
This time around things are much difference.
Ethereum Classic consolidated above EMA100 but failed to move ahead, it went on to produce a correction yet still, within short-term and long-term higher lows.
This is a revealing fact.
We might be looking at the last time that Ethereum Classic will be available at these low prices in its existence.
For example, $12.5 USD as in June 2022 is already forever gone.
The longer a pair consolidates, the stronger the breakout.
The next time ETCUSDT moves up and peaks, instead of a strong correction to produce a higher low we can end with a long sideways consolidation phase before the next bullish jump.
Or the consolidation can have a downward slope as in a falling wedge pattern but still remaining multiple levels higher compared to now and then growth.
And this cycle repeats over and over for years to come.
Namaste.