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Ethereumclassic

Ethereum is bearish like almost all crypto marketEthereum recovered very quickly after last week's dump and in the long term, in my opinion, is the most bullish from all Big 4. However, as a rising tide lifts all bouts, same a falling one sinks them, and I also expect Eth to fall if the selling pressure continues in the crypto market. Technically speaking, since 10th November ATH, we have had lower highs on our chart and clear and strong support in 4k zone. A fail from the bulls to hold this support could lead to further losses and a new dive to last week's low. Also, if we consider the pattern from 10th Nov by now a symmetrical triangle, the measured target is around 3k, which also is important horizontal support. Disclaimer: This is only my opinion and not financial advice. Do your own research before entering a trade based on my analyzes.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
19
Ethereum Classic Invalidates its 1-2 Setup: Warning Shot?Ethereum Classic ( ETCUSD ) spiked down HARD along with the rest of the crypto universe between 12/3 and 12/4! The whole sector crashed so hard, in fact, that many technical supports were broken with ETC being no exception. Breaking below the 32-38 range means that ETC has pulled back LOWER than the origin-point of what we were calling the Subwave (i), so the purple primary impulsive path has been invalidated. We have more or less confirmed that the bearish red alt pattern is in effect. More specifically, I have added the new GREEN pattern which interprets the correction from May 2021 to present-day as an Elliott Wave "double-zigzag", an uncommon but not rare formation. Double-zigzags (or double-threes) are 3-wave corrective patterns in which each subwave is ALSO a 3-wave corrective pattern. In the case of ETC, we have all zigzags for subwaves within the larger green double-zigzag pattern. In order to prevent confusion, we use W-X-Y nomenclature to describe the subwaves of a double-zigzag in Elliott Wave Theory. While this invalidates our immediate upside setup that would've gotten us into the subwave (iii), it does also mean that we cannot project a top at this moment due to the lack of a clear (i)-(ii). And that may be a good thing because what we were calling ETC's subwave (i) was PATHETIC! This gives ETC and many other cryptos a mulligan to get us a better subwave (i). Relying solely on the big picture pattern we have at this moment, I would roughly expect any rally to take us to the 0.382-0.618 extensions of the larger structure from March 2020 - May 2021, which would fall between 131 and 337, but these are very crude estimates. Other cryptos that have also invalidated their (i)-(ii) setups just like ETC are BCH, FIL and EOS . All of these cryptos were underperforming similarly with unimpressive subwave (i) extensions, and now they all have a blank slate to redeem themselves. While there is a bit of 'doom and gloom' in these aforementioned cryptos, BTC , ETH, DOT, XLM and MATIC all have their upside setups still intact despite the big selloff. BTC barely hangs onto its nested 1-2,i-ii setup by a thread, but ETH pulled back almost perfectly. This means that our overall big picture targets for subwaves (iii) and (v) are still valid for these cryptos. Ethereum MUST continue to hold its 3307 major support while Bitcoin MUST hold its 39,600 major support. Failure of these two main cryptos to hold their majors supports would be a HUGE warning for the entire crypto space! Finally, we have LTC, DASH, SOL and LINK. These cryptos invalidated their NESTED 1-2,i-ii setups but not their overall (i)-(ii) setups. What this means is that we can interpret their rallies from summer 2021 until this week as A-B-C 'corrective' rallies, which is indicative of these cryptos potentially continuing their overall structures in the form of 'ending diagonals'. Diagonals subdivide into 5-wave structures but are choppy with lots of overlap, and their subwaves take the form of 3-wave A-B-C structures. I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #ethereumclassic #ethereum #bitcoin #cryptocurrency #ethereummining
KRAKEN:ETCUSDLong
by Critique-al-Thinker
1
ETC/USD LONG SET UP(HODL)ETC/USD LONG SET UP Bulls want to see further consolidation and then for big bullish volume to come in and drive Ethereum Classic up above the $65.33 level for confirmation the uptrend is still intact. The crypto has resistance above at $60.89 and $65.10. Bears want to see big bearish volume come in and drop Ethereum Classic down below the $55.74 level, which could put the crypto in danger of losing the uptrend. Ethereum Classic has support below the level at $50.55 and $44.66. SUPPORT- $39.00, $31.00/ $25.50 RESISTANCE- $50.50/ $63.00/ $75.50/$83.00/$100.00/$110.00/$117.00/$125.00/$150.00
COINBASE:ETCUSDLong
by MavRich_Trading
Pennant Pattern (completed trend)Hello friends, A Possible scenario is shown in the chart. The pennant pattern is one that you often see right next to the bull flag pattern in the books. In the technical analysis, a pennant is a type of continuation pattern. As you know, For a bullish trend, a break above resistance signals that the previous advance has resumed. The length of the pole can be applied to the resistance break pennant to estimate the Target. it's the right time for you to buy. Stop loss = (BTC < $ 50k)
Long
by BTC-XLM
1
ETC - false breakout as a good buying opportunity!Ethereum Classic broke through an important key level of $46.8. A lot of liquidations took place because of this drop. At the bottom, we can see that the volume has increased, which is a signal of large liquidations. This is a good signal, liquidations are fuel for continued growth. In case of a false breakout of the 46.8 and 42.15 levels, there might be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
3
ETHEREUM- Banksy sold at Sotheby's in Ethereum ❤️🎨History in the making as Sotheby's auctions Banksy in Ethereum. Banksy Paintings Sell for 3,093 ETH in Auction House First Two paintings from contemporary artist Banksy sold for over $12 million in the first Sotheby’s sale denominated in ETH. At the same time, the price is at support. Time to go higher? Sooner or later, yes. We do expect to see Ethereum higher. PS. We watched it Live in Decentraland. It was quite cool! One Love, the FXPROFESSOR
BITSTAMP:ETHUSDLong
by FX_Professor
2
Ethereum Classic (ETC) - November 13Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ETCUSD 1W Chart) - Mid-Long-Term Perspective Above the 16.722 point: the uptrend expected to continue Over the 37.180-47.947 section: Expected to create a new wave. (1D chart) First resistance zone: near 69.480 Second resistance section: 91.012-101.779 Support section: 37.180-47.947 We are walking sideways in the section 47.947-69.480. In particular, if the price maintains above the 57.934 point and breaks out of the downtrend line, I would expect the price to rise above the first resistance level. If it falls from the support zone, there is a possibility that it will fall to the 16.722 point, so you need to trade cautiously. At the CCI-RC indicator, there was an attempt to raise the CCI line above the +100 point. If ETC price rises above the first resistance level, I expect the CCI line to rise above the +100 point. The next volatility period is around December 7th (up to December 1-11). ------------------------------------------ (ETCBTC 1W chart) Above 0.000970-0.001374 section: Expected to create a new wave. ------------------------------------------ We recommend that you trade with your average unit price. This is because if the price is below your average unit price, whether it is in an upward trend or in a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
KRAKEN:ETCUSD
by readCrypto
ReTest Finished. Target 72000-80.000Hedge Fund Manager Long Position ok. We renewed our positions. I wish you good luck. Believe in lofty goals, but be careful. It is not investment advice. Patience and attention are the most important processes in this business. Selling for free is against our nature. Our post Retest target has been updated to 100,800. 0.5x 1x 2x long position ok. Stoploss -55700 Long Target = 69000$- 72000$ Bitcoin bitcoin will continue to trend sideways will continue to record records with altcoins. Our Main Goal should be to collect bitcoin and ethereum. this will start the rise of retest altcoins. I wish everyone good luck. Don't forget to buy stop-loss and tp. As a result of this rise will come a great fall. Our retest levels are 42100$-48000$-52000$-56000$. we have nothing to do with awns. If bad news doesn't come, we'll sail straight to $72000. Of course, we will proceed according to the 4-hour and 12-hour charts. Our joint decision with all fund managers is long. The next drop will not be a retest. We will see a very steep decline. then we will move up towards $80,000. We're starting off with a $20,000 drop. Let's follow the news.
Long
by TraderEtc
ETC/BTC buy opportunity Hi followers, BINANCE:ETCBTC showing first positive signs for a reversal. After buyers stepped in on a demand zone, the price formed the first higher low since the large pullback began on may 2021. If we break the big down trendline, there is more upside. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only
Long
by FradkinXBT