ETCBTC trade ideas
ETCBTC | Witnessing the beginning the 3rd uptrend`s waveThe first two waves is already completed, and now we are ready to start third one which will headed near the 0.003BTC
ETC/BTCETC is actually sitting on the horizontal support and 200MA on the daily. Best R:R imo. Also the horizontal support is the last one and once dropped below, the coin comes into the accumulation zone.
I take a long position here.
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ETCBTC LONGBy looking at the chart we can notice a couple of important things:
1) there is a descending channel with 5 waves
2) there is clear bullish divergence
3) formation of dragonfly doji candle on the daily
These are clearly bullish signs. If etc picks momentum the price could skyrocket from here. Especially if it touches that upper resistance line ( the neckline of the big inverse head and shoulders not shown on the chart). This could eventually result in being one of the lowest entry points for ETC.
As usual this is just for educational purpose, good luck with your trades!
DCA or BCAEveryone always talks about DCA but what about DCA out - everyone just expects you to HODL....fuck that and sell for your profits - this isnt a one way street
ETH ClassicPrice is currently supported by the Fibonacci spiral, which is a descending scallop
Price is also currently entering a new fib ring, this should cause some volatility
$ETC : falling wedge breaking on old support ? $ETC seems legit now :
- 0.618 Fib
- Old Support
- Falling Wedge is breaking
Not a Financial Advice
ETCBTC - we are at the crossroad?Very simple chart showing where we are now. The level we are at is huge and proven to be a huge pivot point in the past. If the support holds we should get impulsive move up. If it fails we should get an impulsive move down.
Let's see which way it will go.
Ethereum classic setting descending triangle- ETC creating a descending traingle, which usually have the tendency to break to the downside
- Volume is nowhere to be seen, will need a spike upon breakout if we want to see a sharp move
Breakdown target: daily resistance @640 satoshi's
Breakout target: weekly resistance @946 satoshi's
ETC setting up for a 17% gain#ETCBTC $ETC beautiful set up for a 17% GAIN
Stock BULLISH
RSI Bullish
PRICE ACTION BULLISH
2.5 RR
Trade at your own risk! Not a financial advice
ETC Trading PlanHello Traders,
The ETC is close to a support level and is forming a high wedge formation. It looks like it is close to making an upward movement soon.
We recommend opening the long position if it breaks the high wedge above the support level. It would be a great opportunity for low risk with a potential high profit trade.
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Descending Triangle on ETC - Two ScenariosWe will look at Ethereum Classic here from a technical analysis point of view and discuss two different scenarios based on the descending triangle pattern.
The bullish scenario:
Let's look at the upper line of resistance here. If ETC can break through the upper resistance line of the triangle, we can expect a very bullish continuation of the price. Don't place your long order before it breaks through the line completely as the triangle can push the price down again near this area.
The bearish scenario:
The second important area is the trendline. If ETC can break through the lower trendline of the triangle, we can expect a bearish continuation of the price. Don't place your shorts before it breaks through the line completely as the triangle can push the price up again near this area.
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Highlighted recent success story:
BULLISH Descending wedge, coming up to support on the dailyWe're coming to the end of a ~2 month descending wedge as well as ~0.0007300 support level.
Looking to see a retest of the 0.0009 and 0.001 levels again.
Ethereum Classic is in a Great Buy ZoneHello Traders,
Etc is in a excelant buy zone. It corrected from its previous upward movement to the 0.618 of Fibonacci and now it is above an important support zone. There is a high probability to this asset restart its upward trend.
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ETC/BTC (4H Trend Change: up to 15% profit)ETC/BTC
ETC just shifted the 4H trend to an uptrend market after breaking a minor resistance line and making a fresh Higher High.
If we see a pullback down to 8000 sats area, it will a good opportunity for Long entries and target the upside range 9000 sats area.
The key stop-loss is below 50MA.
ETCBTC 240 BinanceEthereum Classic / BTC 240 Binance
ETC testing the bottom of the current range, while respecting the short term down trend.
As price gets squeezed here I will be watching for a potential long opportunity if we break trend and create a higher low on the retest.
(If price breaks to the down side there will be no trade)
Will be watching for 2 things on the break, volume and bullish candlestick structure. For example a bullhammer to break trend, followed by a small pull back and a bullish engulfing. (which would be my entry signal)
If the break is weak, with low volume and wicks to the upside, there will be no entry.
If the retest is still towards the bottom of this range it will give a good RRR to enter, around 3.5:1.
Time frame: I think this trade could take 9-10 days to complete.
I will manage my risk on the trade by moving my stop to break even as price reaches take profit 1.
ETCBTC Just Got Its Horizontal Support Zone Confirmed [BULLISH]I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave.
I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal moment, I expect the price to reach above the resistance level 1 with a bit of struggle. Then, with an S/R flip I expect resistance level 1 to act as support to go to resistance level 2.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
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