ETCETH trade ideas
ETC could pump anytime.LONG TERM ANALYSIS.
Falling wedge pattern observed.
RSI is showing bullish divergence on daily chart.
If it breaks out on the upper side keep an eye on ETC/ETH .
Target 1 - 0.044 ETH
Target 2 - 0.068 ETH
Target 3 - 0.10 ETH
Note :- Before taking a trade do your own analysis. You are solely responsible for your profit or loss.
Test coming for $ETCWhile $ETC has been looking good (against ETH) for the last couple days, a major test is incoming at the .034 level. I'd like to see it keep rising (one of my biggest bags!), but the TA indicators are pointing to some severe resistance upcoming.
.034 Level:
-Historical support/resistance level for price (white horizontal line)
-Coincides with bottom of Ichimoku Cloud on 1D chart (above)
-Coincides with top of Ichimoku Cloud on 4H chart (price is in the cloud on 4H) as seen below
Other indicators:
-Bearish Tenkan/Kijun Sen cross below the cloud imminent on the 1D chart
-RSI Indicator about to cross into 70% oversold on 4H chart
With all of the above, I'd expect ETC to rise until it gets a rejection at the .034 level in the short term...but I'm still bullish on ETC in the longer term.
ETHEREUM CLASSIC VS BITCOIN: Falling Wedge - ETC shine soon :-)Nice falling wedge reversal pattern - It seems ETC will shine soon.
Risk: 4/5 (due to BTC -5.51% )
Buy: 0.0290
Sell:
- 0.0310
- 0.0360
- 0.0447
Stoploss: 0.0230
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ETC / ETH - forming downtrend symetrical triangleETC was stopped by bottom border of global uptrend channel and seems it reflected ETC up. On the other hand, ETC is forming downtrend symetrical triangle, which has all chances to dropdown price below 0.030 ETH. So, I expect retesting of global uptrend channel. If ETC fails, the next support level is around 0.023 - 0.025 ETH.
Ethereum Classic (ETC) / Ethereum (ETH)ETC dropped to 0.032 and new support is formed around this value. In case of breaking through that level, price go lower - around 0.030 or below.
It is still possible to ETC complete bearish H&S pattern. However, the probability is smaller. We can also see the beginning of the Bearish Flag. I see this option more real. Another Bearish pattern.
ETC/ETH: resistances and supportsDon't get discouraged by so many lines in the chart. Just watch formed triangles. Each one is possible point of breakout. MACD shows we will probably go close to top triangle (red and orange lines), but then go back to green. And my humble guess is we will be riding green support line until next breakout point.