ETC POSSIBLE long Targets - 3 targets ETC Broke UP out of a couple of patterns. (possible patterns) Smaller time frame Inverted Head & Shoulders, the Falling Wedge and the Triangle pattern. All 3 targets on chart. Cross up on Daily MACD. Targets could/most likely will take few days to hit. Probably coming back to retest trend line then Hopefully off to the races.
ETCUSD.P trade ideas
2500 usd PRICE TARGETAs you can see on the chart, the fib extension 2.61 is around $2,500 per ETC. I believe this price will be the end of the Bull market.
ETC was the last to peak during the wave 3, so the big question is wether ETC will be the last coin to peak or this time the order is different?
Thank you
ETC/USD (Test 1st Key Support Area)💎Technical Analysis Summary💎
ETC/USD
-After a strong move up last June 22 by almost 100% increase
-ETC failed to regain above the 50D Moving Average
-This Moving Average acted as a dynamic resistance zone
-Now, the price is retesting the support area number 1
-If we can see a strong bounce from here, I expect a retest of 50D MA again
-But if this support failed, the potential level to watch is the 200D Moving Average
-ETC is likely shifting to range-bound trading in the coming weeks
-So please be cautious buying at support or looking for a long term position
-Good luck traders! please manage your risk properly
⚠️Please always read the description⚠️
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Ethereum Classic (ETC) - July 15Hello?
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(ETCUSD 1W Chart)
If the price is maintained above the 42.1-47.296 range, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 37.180-47.947 zone can support and move up.
If the price is maintained in the 47.947-69.480 range, it is expected that the uptrend will continue.
If it goes down from the 37.180 point, there is a chance that it will fall below the 25.179 point, so you need to trade cautiously.
However, it may follow an uptrend line, so you should be prepared for this.
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(ETHBTC 1W chart)
If the price maintains above the 0.040575-0.045 range, we expect the uptrend to continue.
(1D chart)
It remains to be seen if the 0.060306-0.065674 zone can find support and move up.
If the price holds above the 0.065674 point, it is expected that the uptrend will continue.
The 0.048795-0.053586 zone is an important support zone.
I think the big uptrend will most likely start with a break away from the downtrend line (1).
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Etc!!Etc lost consildation support when it broke 48.5. It has a big area of support to watch at 45.7 however it could bounce and retest and reject at 48.3 and head further. This is the first area I am watching Howe ever losing and closing below 45.6 creating a further consildation could leave us headed to 42$ level or lower
💥ETCUSD T0 PUMP BY 20% - 60% ($60 - $80)Please support this idea with a LIKE👍 if you find it useful🥳
Etherum classic broke out of a triangle and pump again into another triangle.😂
If you take a closer look at the chart, you will notice that price also has an inverse head and shoulder which gives a buy signal.
Therefore I expect price to break out this current triangle and pump to the neckline at $60.
Once price breaks the neckline, I expect a rise to $70, and $80.
What do you think?
Share your opinion in the comment section✍️
Happy Trading💰🥳🤗
Bull Pennant Formation ETC/USDA bull Pennant is forming around Ethereum Classic to the United States Dollar. If price brakes above this wedge I believe we will have a good run. We had a long slight declined consolidation for a month that finally broke a few days ago, after the retest we are left with this Bull Pennant formation.
What are your thoughts?