ETHEREUM CLASSIC APPROACHES RESISTANCE - CryptoManiac101Chart is self explanatory - we need to see solid break to confirm further upward momentum. STOCH RSI indicates correction.
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.
ETCBTC trade ideas
EthereumClassic VS Bitcoin Psychological ResistanceEthereum Classic has been moving up against the Bitcoin as suggested in the previous idea on ETH/BTC . Price has reached 244k satoshis upside target, broke above and went up to the 296k satoshis high.
The corrective wave down followed and currently ETC/BTC is trading at the previews resistance, which currently acting as the support - 240k area. EthereumClassic is likely to continue outperforming the Bitcoin and should be aiming towards the 300k psychological resistance level, that is confirmed by the Fibonacci retracement.
Break above 300k satoshis, should result in further growth, where price is likely to reach 350k satoshis area in the short to medium term.
But currently it is important to watch 240k satoshis support area, where buying opportunity could present itself once again, only if the support will hold. Break below the 240k level, coudl push price towards the next support, either 227k or 210k satoshis.
Considering the potential downtrend, only break and close below the recent low at 193k satoshis would invalidate bullish outlook and shall result in the further decline.
ETC – repeated history of LTC? 400% in 6 weeks?Hi Guys!
As Bitcoin price drops down there are many alts that actually grow.
One of them is Ethereum Classic. We all now Coinbase is going to support ETC starting from 7th of August 2018. After around two weeks when enough liquidation will be obtain they start active trading.
Will we repeat the success of LTC from last year when Coinbase started supporting trading of LTC?
We think yes!
Anyway we are after correction on ETC. We had a descent bounce off from 0.0019 level.
We already crossed EMA100 on daily chart as well as TenkanSen from Ichimoku Cloud.
So this trade should be safe so far according to mentioned indicators and current place on the chart.
We also observe MACD bull’s cross and evaporating supply on Weis Volume indicator.
The only thing we need is more volume.
Once we will be bombarded by good news related to Coinbase and ETC, the rally should start.
Look at the ETC and LTC comparison. The both were really low before the rally.
Once EMA100 on daily chart was crossed, supported by the good information the substantial growth was observed.
What do you think guys? Are you fully loaded?
Are you counting for such scenario as with LTC in 2017?
Once again thank you for being here.
Thank you for all likes, comments. You are really great community.
HUGE Hugs!
WBM Team
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider:
-Fib line
-Top of the daily cloud
-Descending resistance trend line
-Daily pivot Resistance 1
-Descending resistance on RSI
We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
Ether Classic (ETC) Descending pattern, another rally possible.ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.
Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.
I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.
This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.
Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:
ETC ReadyNice cup formed and now its working on the handle... How far will Coinbase take it?
Would be nice to see a BCC kind pump out of it... I wonder myself since everyone knows what happened with the BCC pump because of Coinbase might make ETC even bigger because everyone wants a piece of that action and the price is much lower to start with. Anyhow its gonna get interesting in the coming days an just fun to watch if you have skin in the game or not...
ETC is ripe for the next run, plus fork on July 13 1:1 free coin4hr chart is showing MACD, Stoch, trendlines, and the ascending triangle all pointing for the next bull run. There were 59 days in between the last bull run in the channel its running in. Tomorrow on July 1 will be 59 days again, and its lining up nicely where a breakout usually happens on a ascending triangle. Top of the channel is at .0029ish.
Im hoping for the old days, where forks with free coins would generate a good bull run. ETC give 1 to 1 give away for ETE Ethereum emerald. Don't forget about coinbase listing ETC soon also.
ETHEREUM CLASSIC: COINBASE & ROBINHOOD? - PROFIT = 38.80% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 38.80% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 3: London Block Exchange Enables GBP Trading for Ethereum 1.04% -0.11% Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum 1.04% -0.11% -0.03% -0.75% Classic Investment Trust.
May 6: Ethereum -0.11% Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum -0.11% Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum 1.04% -0.11% Classic.
May 24: Ethereum 1.04% -0.11% Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
May 29: Open Bazaar lists Ethereum 1.04% Classic.
May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
May 31: Ethereum 1.04% Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum 1.04% -0.11% Classic.
June 7: Ethereum -0.11% Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.
June 8: Stocks Gazzette releases article that states that Ethereum 1.04% -0.11% Classic is a grossly undervalued coin.
June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum 1.04% -0.11% Classic.
June 12: Binance adds new Ethereum 1.04% Classic trading pairs.
June 12: Coinbase announces it will list Ethereum 1.04% Classic in the "following months".
June 14: Ethereum 1.04% -0.03% Classic Labs is launched that will provide a full range of support, including operating funds, technical guidance, office space, industrial resources, creative strategy consulting, & more.
June 15: SEC announces that Ethereum 1.04% is not a security.
June 23: CoinBene Brasil lists Ethereum 1.04% Classic.
June 23: Nova Exchange lists Ethereum 1.04% Classic.
June 24: RADEX: Saturn Network launches the First Decentralized Platform for Ethereum 1.04% Classic called Radex Classic.
(NEW) August 5: Coinbase announces it is testing support for Ethereum Classic.
(NEW) August 6: BitOasis lists Ethereum Classic
(NEW) August 6: Coinbase announced that, barring any setbacks, they’d be greenlighting “inbound transfers” of Ethereum Classic on Coinbase Pro and Coinbase Prime as of August 7th
(NEW) August 7: Ethereum Classic Overtakes NEO in Market Cap.
(NEW) August 7: Crypto Trading App Robinhood Adds Support for Ethereum Classic.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ETCBTCETC success break up descending triangle pattern,
and we also reach our target at previous analysis
rightnow still no pattern perform, but we already have two trading plan here :
1. first trading plan is bullish flag :
we have support line at 0.0027973, we can buy this coin here and aim for bullish flag projection at 0.0040791
2. If bullish flag failed to perform, we can wait at 0.0023551 at fibonacci support, and aim for 0.0034491 at ABCD fibonacci projection
To get more information about this trading plan, please check our daily video analysis
Ethereum Classic Coinbase ListingETC is going to DUMP right after/shortly before the Coinbase listing. There is massive speculation on this coin driving the price up, with many day traders all in ETC right now, waiting for the right time to sell. I'm not sure if the dump will happen Tuesday August 7, when Coinbase announces it is accepting inbound transfers of ETC, or Wednesday August 8 -> Thursday August 9, when trading opens on Coinbase Pro. But we can use fibonacci retracement theory and market sentiment to get some idea of where ethereumclassic is heading before the drop.
If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks.
What do you think?
ETC Next Push UpETC found a big support at 2000Sats.
We still have a good "equilibrium Price" between BTC/ETC (when BTC pumped 8500ish and when it dumped 7500ish).
1D Chart > MACD about to cross / Rsi growing up
Next jump should push us to 2850 and 3000 (can see clearly resistance at 3k on ichimoku )
Keep an eye on Coinbase listing...
...And like always keep an eye on BTC -1.94% movements.
Happy Tr4Ding !
