Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
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Ethereumclassicdollar
ETCUSDT Prospects for Ethereum classic price movements in futureBefore you is the global graph of the ETCUSDT trading pair
After the rapid growth of the ETC price in 2021 by +3700%, since May 2021 the price has been in a downtrend for more than a year.
The correction of the ETCUSD price from the maximum value of $179 was -93%
It seems that during June-July 2022 the bottom and the completion of the correction and after a powerful shot of the ETCUSDT price upwards by 111% was formed
It is very likely that the banal, ETCUSDT price flew up so rapidly following the price of its expensive fork - ETH (this project is over saturated with promising news in the future)
By the way, here our a global idea for ETHUSDT, which works well.
So, after such a rapid growth, a price correction is needed.
Buy zone where the ETC price can roll back - $18.40-21.40
That is, strong cryptocurrency market = weak correction = $21.40
Again, negative in the cryptocurrency market = deep correction = $18.40 or even lower.
The target from above for the next strong wave of growth is in the area of $44
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS
The last hours were very tense and accompanied by increased volatility
If the ETHUSDT price reacted with moderate growth
Then the ETCUSDT price look like is preparing for rapid growth.
In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44
Well, then the way will be open for growth in $80 are a
Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ETC 1D Global Picture: Where to Sell and Where to BuyYour attention is the global picture on the ETCUSDT chart
At the end of last month, the Ethereum Classic price made a good x6 rally in less than two weeks , after which a correction phase began.
Later, the corrective fall accelerated the fall of the entire crypto market.
But there is also a positive point.
The fall was aggressively bought out from the $40-50 zone , and this is essentially the absolute maximum in 2018, which could not be updated for 3 years.
On daily candles, the ransom formed large shadows from below, and the candlestick bodies closed above the $47 level, testing the liquidity zone for strength.
This alignment of events gives hope that the price of ETCUSD may rise again to the price range of $115-125 .
In this area, you should cover the longs and look around.
Since further there can be two scenarios:
1) Fixing the ETC price above $115-125 will give a chance to think about the next global target in the $260 area.
2) If the negative background continues to dominate on the crypto market, then it will be possible to place buckets for purchases in the $20-30 zone, because this is the next liquid zone, which is below $50.
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
ETC 1D Price is near the all-time high, where next?Today we will look at the price action of ETCUSDT
In just over a year of growth, the price of ETCUSD rallied by making x17, finally reaching an all-time high that was set back in early 2018.
On the one hand, it seems like x17 is a good result, but if you take into account the fact that ETC is a fork of ETH and +|- repeats the price movement behind it, we think the result is not very impressive. Ethereum is 60 times more expensive than EthereumClassic, and it was able to update the 2018 absolute maximum more than twice in the same time.
By the way, here we have a series of ideas for ETHUSDT
So, Classic is now for the second time trying to update the 2018 maximum, which was around $47 and so far it has not been very successful.
Now the most positive scenario for the growth of the price of ETCUSDT is a possible break of the stops of shorts, which can hide above $50 . Such actions can provoke squeeze growth to the $57-60 area.
Above growth is not yet visible for us.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ETCUSD has formed bullish Shark | Upto 384% big bullish movePreviously I published a post on Ethereum Classic where the ETC was forming a bullish Butterfly and as per prediction after completion the ETC produced more than 270% big gains.
Formation of another harmonic pattern:
This time on again 2 day chart the price action of Ethereum Classic has formed a bullish Shark pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic Shark pattern should be:
Buy between: $4.359 to $2.236
Sell between: $6.413 to $10.837
Stop Loss:
The potential reversal zone area which is up to $2.236 can be used as stop loss in case of complete candle sticks closes below this level.
This idea is for midterm and long term traders not a short term idea; I will be keep posting more trading ideas.
Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
ETCUSD is forming gartley pattern | A good long opportuntiyAfter successful formation of gartley pattern the price action of Ethereum Classic / US Dollar is forming another gartley pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 6.213 to 5.811
Sell between: 6.529 to 7.288
Enjoy your profits and regards,
Atif Akbar (moon333)
There is a trading opportunity to buy in ETCUSDTechnical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. Price is in the support zone (14.0 to 12.0), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (14.0)
Ending of entry zone (12.0)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 11.800 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 17.0
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free
There is a trading opportunity to buy in ETCUSDTechnical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. Price is in the support zone (14.0 to 12.0), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (14.0)
Ending of entry zone (12.0)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 11.800 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 17.0
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free
There is a trading opportunity to buy in ETCUSDTechnical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (14.0 to 12.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.0)
Ending of entry zone (12.1)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 17.0
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free
There is a trading opportunity to buy in ETCUSDTechnical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (14.0 to 12.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (14.0)
Ending of entry zone (12.1)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 17.0
TP2= @ 20.0
TP3= @ 23.0
TP4= @ 25.4
TP5= @ 29.9
TP6= @ 38.4
TP7= @ 42.9
TP8= @ 46.9
TP9= Free
A good opportunity to buy in Ethereum-Classic . catch it…Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (17.0 to 13.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (17.0)
. Ending of entry zone (13.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 20.0
TP2= @ 23.0
TP3= @ 25.4
TP4= @ 29.9
TP5= @ 38.4
TP6= @ 42.9
TP7= @ 46.9
TP8= Free
A good opportunity to buy in Ethereum-Classic . catch it...Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (17.0 to 13.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (17.0)
. Ending of entry zone (13.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 20.0
TP2= @ 23.0
TP3= @ 25.4
TP4= @ 29.9
TP5= @ 38.4
TP6= @ 42.9
TP7= @ 46.9
TP8= Free