ETC/ETH Etherium classic forming cup and handle?
**Amateur trader**Still learning**Just my analysis
Looks like ETC is forming a Cup&handle on the 1 day chart. It seems that the handle has begun to bounce on the 200 day moving average(blue line), the handle has also tested the downward resistance line. Potential positive breakout. Potential buy zone at .036983 ETH, which confirms the brake out, if it fails stoploss set at .034644 ETH, which seems to have a previous price support; the 200 day MA seems to be a support as well. The RSI is floating around the middle, which may have further downside, but the MACD shows that sellers are shown to be exhausted, and buyers will regain control. Another bullish move is the Triple EMA's are starting to cross in a bullish direction.
Other upside:
ETC is going to be listed on coinbase, no given time frame, but there is plenty of attention on ETC.
****Please view this and provide constructive criticism if needed, I am still learning TA ***
Thank you all
Etheriumclassic
Already broken out of range and now forming a bull flagEth classic is looking like its formed a perfect double bottom and we've now broken out of range/consolidation to form a bull flag. We've cleared all the moving averages and created higher lows.
If we see a bullish breakout from the bullflag i think this will be a great long, see chart for targets.
Ethereum Classic, ETC/BTC Ready For a Breakout?After a retracement of more than 50% from All-Time High Ethereum Classic, ETC/BTC found good support around the 0.001950 area. The RSI and MACD indicators are heading up and showing a divergence around that level as well.
We can still have a little more room before we reach the Apex of the descending triangle but when ETC/BTC breaks the descending triangle to the upside, we could see another leg up in Ethereum Classic.
ETC/BTC just need some catalyst/news and coupled with increasing volume for the next move up. Perhaps the anticipated news about the Beta of Emerald Mobile Wallet and Disable difficulty bomb in April can provide just that.
If you want to trade ETC/BTC, it's best to wait for a little pullback to the support area, price reaches the Apex of the triangle and then breaks out to the upside.
Areas to look at when Trading Ethereum Classic, ETC/BTC:
Buy Area:
0.001950 - 0.001980
Profit Targets:
1. 0.002172
2. 0.002270
3. 0.002362
Stop Loss:
0.001895
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And until next time, good luck with your trading!
ETC last movement before 8 MarchBounce from uptrend support will happen soon. I'm long here.
Upward movement strength will be defined by news. If more exchanges are going to support Callisto (only Yobit now, but some exchange announcements may cause a huge etc bullrun).
Not a safe trade if you trade usdt pair - btc is not confirmed bullish and may drop causing alts drop.
stop-loss below uptrend black line.
ETC ETC what u gonna do? Possible scenarios before airdrop.We ALL know that there will be a free airdrop of a new token on 05.03.2018. We ALL know the market, the price will jump up before that day. Right?
Everyone wants to know what will happen. First of all we have to consider whats goin on with BTC. BTC dominance its 40% right now, most people are waiting. There was a try for ETC's uptrend today but BTC had the same idea. BTC goes up, ETC goes down - uptrend was gone. The 100MA/4H (white line) was a perfect support till today.... whats next?
Here are my 3 scenarios:
1. We are hovering on channel support right now. If it holds, price can go up.
2. ETC will drop off channel support. There is big support on the green zone as it was tested few times before.
3. The last support is a whole uptrend channel support.
What do You think?
ETC Ethereum Classic now preparing it's launch pad? 100% Profit?Ethereum Classic looks set for a run in the coming days. We can see it's been climbing nicely in it's bullish channel, and with the news of a token airdrop on March 5th it could finally see it break out and test a new ath. Previously it's had major support at the 0.0032000 satoshi level, where we could see it falling back to before climbing quickly to the top of the channel. This is where we find some major resistance, as its had previous attempts fail at this level before. The hype of the airdrop however, should push it through, and then make it's attempt at an all time high. Magically the previous major resistance at 0.00480000 and the top of the channel perfectly align, which would usually be substantial enough resistance to block any upward swing, but the perfectly timed airdrop release will hopefully pull us up and through.
This trade is also dependant on BTCs ability to maintain its price and withstand any major price falls. On the other hand, if we see BTC start another bullish run, ETC has traditionally outperformed it.
Let's see how this one plays out.
Target 1: 0.00480000
(Watch to see if we can break through)
Target 2: 0.00860000
(Dependant)
ETCBTC pulled back to interesting level, will it bounce here?On the 4H chart we have seen a pullback to new recent lows. The level is 0.00319 (The lower Red Line), and is a pretty good long term level. The level is also the fib retracement from each of the cycle lows being a 50%, 61.8% and 78.6 % retracement from the different cycle lows. I cant show three fibs at once so will leave the overlay for you guys to do.
So what will happen here, it seems to be most asked question of the week. The answer of course is we will need to wait and see what the chart tells us. A close below the level and I think we need to be very careful, we have a rampant BTC and that is the big volume coin in the game.
If we get a bounce here and a close above 0.00323 we would have a decisive bar, bouncing off strong support and closing above the Horizontal, 3 fib retracements, and the 50 EMA on the 4H chart. If that happens I am definitely keen to get in. I would buy when price goes above the high of the bar. Stop loss below the bar.
Entry above the first bar to close above 0.00323
Stop Loss 0.00313
Target 1: 0.00336
Target 2 0.00360
To make Dollars your decisions need to make Senses: Any rise in ETCBTC could be a due pullback in BTC. Is so we need to watch that pullback carefully and amend profit taking accordingly
Follow us for an exciting trade idea later today.
ETCUSDETC Looking like its making a strong retest with decent volume. Three possible options I'm seeing here, it either pushes for a decisive new high on this volume and forms an upward trending wedge (not pictured), it bounces off this retest and forms a third point on the lower trend line and forms a bullish triangle, or thirdly, it bounces off the upper trend line and forms a double top. First level of support is the orange horizontal line in the low 20's if the third option occurs. We will be able to tell what happens between options two and three by watching the volume when it comes down to the trend line.
If we get decisive volume and asks being hit aggressively then i believe this will be a strong buy signal. If volume waivers and we go sideways, I stay away until we can tell if this is going to be a full retracement from the double top.
ETCETH - This looks like a classic textbook bottomETC has been hammered against ETH but here look like a 10X opportunity for contrarian investors. Volumes are low, no one interested so there is an opportunity to get in before others get interested. All minimum requirement for the diagonal triangle have been met. Looks like the low is already in place or it would form in the coming sessions. As with any low, the initial rally attempt is always weak so we could expect that but long there is a 10X potential here if it revisit ICO time high.
Etherium Classic is ready for bullish move - Roadmap 2018I am pretty new to Etherium Classic so bare with me =)
Tasks:
- Read the history of Etherium and Etherium Classic, done
- Checked the development blogs and social media, done
-- ethereumclassic.github.io
-- www.etcdevteam.com
-- twitter.com
- Analyzed the historical price movements, done
-- In the summer time there was a lot of hype on the project, which caused the price to rise to 900000 satoshis
-- After that the price started declining towards the end of the year and did few spikes on new releases, but no price action kept the price from falling. That could be because of historical ideological issues, scams or not enough of community support.
- Drawed most important dates in the past 6 months, done
- Added most common support and resistance levels:
-- Resistances at 250000, 310000, 370000, 440000
-- Support around 183000
- Timeframe is 343 (based on Boss method, www.youtube.com), done
-- Looking at 7 minutes over 77 minutes and confirmation on 231 minutes MA
-- LOOKING GOOD TODAY!