DOUBLE BOTTOM BULLISH SCENARIO OR BEAR? - CryptoManiac101ETCUSD
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Ethereumclassicusd
Near hitting the target and the 1W Support. Short intact.After breaking the 1D Ascending Triangle (oversold STOCH = 19.801, STOCHRSI = 0.000, Williams = -95.573), ETCUSD has sharply decline forming an aggressive 4H Channel Down (RSI = 32.215, Highs/Lows = -0.5934). The price is now near our TP = 9.5050 and also the supporting ling of the 1W Falling Wedge, which is the commanding trend provider on the long term. Crossing 9.000 is a psychological barrier that will set the bar for ETC much lower (7.000). Update wil follow to cover this scenario.
Triangle broke. 1W Fibonacci rejection. More downside.The 1D Ascending Triangle on ETCUSD broke to the downside (MACD = -0.502, Highs/Lows = -0.9828, B/BP = -2.7253) as 1W (commanding bearish trend of the year/ RSI = 39.563, Highs/Lows = -1.9334) made a 0.500 Fibonacci Rejection as it has done on the previous two Lower High rejections. This emphatic rejection most likely indicates that this bearish reversal is sustainable and 5H is already oversold (RSI = 23.640). We remain bearish on ETC, TP = 9.5050.
ETHEREUM CLASSIC - WILL IT FOLLOW BTC IF IT RISES? Hey Everyone,
The million dollar question right now is, will ETC and other ALTs follow BTC if it rises right now?
We are starting to slowly see slight differences in the patterns over the past few months with ALTs declining and BTC increasing with both dominance and price. So if all the money pours into BTC where does that leave the ALTs? Not in a good position in my opinion.
BUT in the past week we have seen 20 billion dollars flow into the market and BTC dominance remain steady and the popcorn symphony of the ALTCoins popping has made the market happy, it is a nice place to be when everything is green... it is like Spring in Melbourne when the frost subsides and the new buds begin to blossom...
So watch the patterns here, there is a few different possible pathways in the near and not too distant future.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
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
Ethereum Classic (ETC) Expecting another drop, falling wedgeETC is In a falling wedge, and it is expected that we get another drop as we approach the ichimoku cloud resistance. We have hit first support right now, but it is doubtful that we can hold. There is a possibility of another 1% rally with the bull div, which worked out for me on BAT, but I'm not going to take the trade.
if you hold ETC, sell now and rebuy around 2300 at the very least. Market is not doing very well right now. Only profit is the ones you get from shorting BTC. I plan on going long around 5300 after a V then a __ bottom formation, which worked for me the last two times.
Thanks for viewing, hope you guys managed your trades well and didn't lose too much money. I lost a significant amount on TRX as I transferred my tokens to the wallet to participate in voting.
Ethereum Classic analysis: 4 major considerationsThe Daily tf chart of Ethereum classic (ETCUSD) is shown in this analysis with chart patterns annotated and discussed below in an ascending order:
(1) Major trendline in Ethereum classic since inception that is still currently active with the most recent pivot used to draw the trendline being price close of ~$12.54 on June 11, 2018. A break of this trendline to the downside could result in a sharp downturn in the price of Ethereum classic.
(2) A horizontal (range bound) channel between ~$12.94 and $25.53 that has been active since ~April 06, 2018. A breakout above the top of the channel could see the price of Ethereum classic reach about $38.12. Price reaching and/or slightly closing above the top of the channel and failing to continue the bullish momentum will establish a possible rectangle bottom pattern.
(3) A rising channel inside of the horizontal channel (i.e. number 2 above). Price breaking below the bottom of the channel could see Ethereum classic test its major trendline around $14.06, while a break above the top of the rising channel could see Ethereum classic reach ~$27.05, which is just above the top of the mentioned channel ($25.53) in number 2.
(4) Support between $12.94 and $9.42. This also coincides with the major trendline and therefore indicates strong support for Ethereum classic. A break below $9.42 could result in a price collapse till ~$2.
ETCUSDListing on Coinbase no one canceled this event will certainly push the price
Classic moves in the uplink near the channel support line
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
Ethereum Classic 4hr tf Elliott wave analysis
My previous post on Ethereum Classic (ETCUSD) can be found here:
It was mentioned in the previous post that Ethereum Classic’s (ETCUSD) target area for the termination of a zigzag Elliott structure was between ~$14.51 and $13.67. Price action did terminate at ~$14.27 on May 28, 2018 within the mentioned target area which thus suggests a completion of the pattern.
As a result, the next possible move for Ethereum Classic (ETCUSD) would be to the upside with further downside limited. Possible point of entry (POE) into trade is placed here at $16.54 which is just above the high made by Ethereum Classic (ETCUSD) on June3, 2018. This ensures that picking a price bottom is avoided.
Point of invalidation for the current analysis is placed at ~$13.30 at which point Ethereum Classic would have closed below the current target area.
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
