ETCXBT
ETC "Sleeping king" waked up ETC Long Map Asked By Dear Brother @fisicomin.
ETC Was Called from us a sleeping king since Jul 20 Now "Sleeping King" wake up and He wants to make glory.
this is a long map for ETC pass in fib and other tools.
we have active trade at 0.0021 first target is done
but if you want to be an investor set you targets at
0.0.11 300 %
timeframe 3/5 months
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0.017 = 700%
timeframe 5/9 months
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0.022 = 950 %
timeframe 1/5 years
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total profit 950 %
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stop limit at
0.00142027 = 30 %
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risk/reward
30% / 950%
capital management is recommended
we ask Allah reconcile and repay
Previous analyzes ETC/BTC
Previous analyzes ETC/usdt
ETCUSD TradeI see a great trade opportunity as Risk:Reward is very favorable
The up-trending support & down-trending resistance line converge to form an apex, that signals us ETC will run out of space soon.
Entry at $17 to $18.5 would be recommended.
Any lower may be a bearish sign and higher will lower potential gain:potential loss ratio
Stop loss can be set in local swing lows, in second red rectangle 'zone', or around $15-16.
Profit targets are:
$19.5 (soft resistance, short term safe target)
$21 (strong resistance + 1.618 fib extension, main target)
$25 (fib extension 2.618, medium term target, higher risk & less likely to happen)
Risk Reward: 2.5+
Ethereum Classic Showing Signs of LifeFor the first time since the middle of July, ETC has closed definitively above the 50 day moving average, it did even pop above the 100 day momentarily on large volume, but for the past week it has held the 50 day moving average. Traders stay long against 200k Satoshi, with a target price of 300k Satoshi by year end.
For Hodlers, I would stay in ETC as the ETC classic trust with Greyscale is accepting contributions from accredited investors as we speak and will be rolled out as a publicly traded vehicle in 2018. Also, until Ethereum can prove that they are ready scale and to make the transition from PoW into PoS, Ethereum Classic remains the best hedge against any uncertainty surrounding ETH.
ETC correcting to near the channel bottom.As seen in the previous impulse leg, we went back to areas around the last market structure high. Similar action could happen again, for potential targets consider the bottom of the channel, the 0.618 fib retracement and the high of the last impulse move. We have broken support around the 0.382 retracement level and seeing a little pullback from the down move, good time to enter the market short. Plain and simple.
ETCXBT Cup & Handle breakoutSo finally here it is, my first idea. Just a short intro to my trading activity so far to make it easier for you to interpret my idea. I have started to dig into trading in February, so I am very new to this and you should as always take everything you hear and see with a grain of salt. Do your due diligence and paint your own picture.
So now to the interesting stuff, the trade. My idea is solely based on TA, very simple and basic stuff: areas of previous support and resistance and candlestick patterns. As I see it, ETC is almost done forming a cup and handle pattern. Entry point would be above the right upper lip of the cup with stop loss right below the handle. First tp at 0.0033 based on previous resistance. Let me know what you think.
ETCETH Daily Reversal SetupDaily Chart lining up for a possible reversal as altcoins gain more and more momemtum with bitcoin staggering around $1,000. Expecting a move very soon to provide more insight on the future direction of the trend. Watching for a break above .05 - .08. Watch those fibonacci levels since the market loves to hit those magic levels.