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Ethereumclassic

Ethereum Classic (ETC) | The Lone RunnerHi friends, hope you are well and welcome to the new update on Ethereum Classic (ETC). More than 1300% huge rally: On 21st March I shared an idea when the price action of Ethereum classic completed the formation of a bullish BAT against the Bitcoin and entered in the potential reversal zone of this harmonic bullish reversal pattern. Finally, the priceline started a move towards the upside surged more than 1300% that was a huge rally. A huge rejection: After this powerful rally the priceline of ETC reached $180. The price action found the resistance at $140 because here we have several touchpoints. After being rejected by this level the price action moved down and broke down the $50 support level. Recently the priceline has again broken out the $50 resistance that was previously breaking the support and moving between the $50 and $60 support and resistance levels. The SMAs. While the price action found that support at 50 dollars, at the same time the price action went very close to the 200 simple moving average on the daily time frame. From here it moved towards the upside and broke out the 100 simple moving average again. At the moment the priceline of Ethereum classic coin is moving between the 50 and 100 simple moving averages. The 50 simple moving average is also working as a strong resistance for the price action. At this time it is very important for the Ethereum classic to save the supports of 100 simple moving average and the $50 at the same time. Another bullish harmonic reversal pattern formed: This time on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone. I share this pattern a few days back on 27th June. So far the price action has surged more than 90% after hitting the weekly 21 exponential moving average support. This time the price action of Ethereum classic can surge more. Because the previous pattern was formed on the daily time frame whereas this has been formed on the weekly time frame. Therefore, we can expect a bigger move in the long term. Conclusion: On the weekly time frame chart the Bitcoin has broken down the EMA 21 whereas the Ethereum classic is still having good support of 21 exponential moving average on the weekly time frame and it has also formed a bullish harmonic reversal pattern. Therefore, there is strong chance that in the long-term the ETC will surge more against the BTC in the Bitcoin market like it did previously.
by moon333
1
Ethereum Classic has a lot of firepower left| Long term viewIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: As of now, ETCUSD is on a steady rise. It is currently leading the rise among most other Altcoins. ETH had a good rally the past two days and has now cooled off. However, its not so distant cousin ETCUSD, or Ethereum Classic, seems to be going steady at the moment. Market in the last 24hrs ETC can be seen to be entering a consolidation. Such a consolidation is quite expected after such a fantastic rally over the past four days. Today’s Trend analysis We are likely to witness some selloff going forward in the short term. As the buying frenzy subsides, ETCUSD will reach a lower price point than current levels. However, on a longer term horizon, the potential to go much higher above current levels exist. Price volatility remained high at approximately 13.64%, with the day's range between $62.84 — $55.296. Price at the time of publishing: $58.64 ETC's market cap: $6.83 Billion Out of 11 Oscillator indicators, 5 are neutral,1 is bullish, and 5 are bearish . Out of 15 Moving average indicators, 13 are bullish, 1 is bearish and 1 is neutral . Indicator summary is giving a 'BUY' signal on ETCUSD . Volumes have remained high in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
COINBASE:ETCUSDLong
by Mudrex
4
Etherereum Classic Price Prediction:ETC-Major bullish breakoutThe Ethereum Classic price has exploded higher by almost 50% in 24 hours. As a result, ETC's technicals have swung from bearish to positively delightful. Not only has, a double-bottom formed, the 50, 100, and 200-day moving averages have been left for dust. Furthermore, the impulse move higher has cleared the resistance of a strong downtrend. Additionally the Ethereum classic price has regained it long-term uptrend. As long as ETC sustains the $53.40 level, it should easily achieve 45% from here. TP target: $84.00 SL: tight, and below $53.40 on a daly close basis
BINANCE:ETCUSDLong
by ElliottJohn
Ethereum Classic (ETC) - June 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETCUSD 1W Chart) If the price holds above the 36.305-47.296 range, it is expected to create a new wave. (1D chart) We need to see if we can find support at the 37.180-47.947 area and break out of the downtrend line. If the price is maintained in the 47.947-69.480 range, it is expected to turn into an uptrend. If it moves down from the 37.180 point, you should touch the 25.179 point and watch it move up along the uptrend line. -------------------------------------- (ETCBTC 1W chart) If the price holds above the 0.00097-0.0013736 range, it is expected that the uptrend will continue. (1D chart) We will have to wait and see if we can move above the 0.0012739 point. In particular, we need to see if we can break out of the downtrend line. If the price holds in the range of 0.0012739-0.0016415, it is expected to turn into an uptrend. If it goes down, you should see support at the 0.00097 point. ------------------------------------------ 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 uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to 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 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
KRAKEN:ETCUSD
by readCrypto