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 $36 per-share, that's the main target on this analysis.
3)We have strong Diagonal Support zone and price reacted 3 times already, so after three touch was made on Diagonal Support zone price will must move fast enough,so we can clearly see price was moved fast enough to the upward trend,after 3 touch on Diagonal Support, so price ETC getting more straight, its mean we going to do HIGHER - HIGH and HIGHER - LOW.
4)We are using also EMA RIBBON indicator on this analysis, If price is above EMA RIBBON, its mean good signal for we can moving into upward trend for coming weeks.
5)RSI indicator perfectly was boncued from oversold zone at 30, RSI is breakout from Downtrend Line , so RSI getting more strong, it's also good sign for price gets some momentum and RSI will move to the upward.
ETCUSDT
Etcusdt Price will Rise again ?While the price is above the support, expect the price to rise above 23$ 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.
✴️ Ethereum Classic Next Target Mapped Series ($32 to $42 Next) This is another one of the top Altcoins that I've been tracking/reading for you since November 2022.
We also did great with Ethereum Classic back in June/July before I stopped writing. This one generated great profits and it was my first DEX trade.
The next and easy target is set at $32 but it can go higher, much higher.
The downtrend for ETCUSDT ended December last year.
This is followed by a bullish breakout #1.
The breakout is followed by a correction, which is normal, and this correction ends in a higher low #2.
#3 Is the next leg-UP!
$32 Is just too easy and so we are going with the 2.618 Fib. extension for this one and that's $42 as the next target.
This is mid-term.
✔️ Mid-term for us means within 1-3 months.
✔️ Short-term within 30 days.
✔️ Long-term can be 3-6 months or everything 6+.
After our target is hit we will get another correction.
Remember that it can go much higher or a bit lower than what we see on this chart.
The next major correction should end in another higher low and then a long period of consolidation, we will have to wait and see.
But the low was set last year, the rest is long-term growth.
Higher highs and higher lows.
Thank you for reading me.
Thanks a lot for your continued support.
Oh wait! The invalidation point is December's low.
If prices go below this level this chart analysis becomes invalid and a new one is needed.
All trading above this level and the bullish potential remains intact.
Patience is key.
Namaste.
eth is stuck in the trianglehello guys...
I know it is boring but I should publish this analysis.
eth has two big problems that prevent it from moving!
The long-term downward trend line has prevented price growth at this point.
The short-term downward trend line has been broken and is interested in price growth.
from my point of view, it is going to stick therefore, it will have a mid-term range. be patient dear!
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
🚀 ETC: Big movements!The level of $19.26 has been worked out. Congratulations on your profit.
The level of $20.16-20.40 is an important resistance. By the way, notice how earlier this level worked as a strong support.
Orange lines are our support levels.
See what the resistance levels are based on. These are shelves by volumes + fibo levels.
ETC CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SHORT/LONG 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: What will happen next?So, now it is very important to watch the $20 level. This is a key support and we cannot break below it with the body of the candle anchored below the level.
If we break through this level, we will see the continuation of downward movements.
The orange lines are our supports.
From them I will enter the long. But the first level of $19.26 is very risky. And in general, with downward movements, our longs will be against the trend, so I will trade a reduced coin volume.
RR 1.5-2. That is, the take is 1.5-2 times larger than your stop. The risk from the deposit on such transactions I usually have 0.3-0.5%.
Resistances are marked with red lines. Important levels that need to be broken for continued growth: 21.42- 22.33$.
ETCUSDT Elliott Waves Analysis (Local Setup)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 27 - 30 - and maybe even 35(not sure)
after first target reached move ur stop to breakeven
Stop: ~15.2 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Ethereum Classic (ETC) forming bullish Shark for upto 10% pumpHi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with US Dollar pair.
Our last trade of ETC was below:
Now on a 4-hr time frame, ETC is about to complete a bullish Shark move for another bullish reversal move soon.
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 [#Ethereum Classic]: SuperTrend BBand_Breakout◳◱ We've detected both a Bollinger Band breakout and a Super Trend pattern on the $ETC / $USDT chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. Our analysis indicates that the key resistance levels are at 22.85 | 24.63 | 27.67 and the major support zones are at 19.81 | 18.55 | 15.51. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
◰◲ Technical Metrics :
▣ Current price: 23.03 ₮
▣ 24H Volume: 26,862,624.270 ₮
▣ 24H Price change: ⟎ 2.629%
◲◰ Pivot Points - Levels :
◥ Resistance: 22.85 | 24.63 | 27.67
◢ Support: 19.81 | 18.55 | 15.51
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.68 - Bullish ⟎
▣ Reddit sentiment score is 0.32 - Bearish ⟏
▣ In-depth ETCUSDT technical analysis on Tradingview TA page
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