ETC - please follow the channelWill ETC follow the channel? Is it an ABCDE triangle? Hoping for this to obey and take us to $800. yes I would sell on an 80x, us alt hodlers deserve it after three years of waiting!
ETCUSD.P trade ideas
Will ETC Crash Under $14.75?Pullback Phase: ETC is in a pullback phase, retesting the broken trendline.
Support Level: The crucial support level is at $14.75.
Potential Crash: A drop below $14.75 could send ETC plummeting to $13.50.
Descending Triangle: ETC forms a descending triangle pattern with a 30% drop from July to September 2023.
Current Price: ETC is trading at $15.49 with an intraday gain of 0.32%.
Bullish Reversal: A recent bullish reversal broke above the resistance trendline and the 50-day EMA.
Failed Momentum: Despite the bullish reversal, the momentum couldn't be sustained.
EMA Indicators: Both the 50 and 200-day EMAs are in a declining trend.
DMI Indicators: The ADX line shows a negative slope, indicating a lack of trend momentum.
Bearish Crossover: DI lines indicate a bearish crossover during the retest phase.
Bullish Scenario: A breakout above $17 could lead ETC to the $20 mark.
Bearish Scenario: Failure to hold $14.75 could send ETC down to $12.65.
Is $19 the Next Target For ETC Price?ETC has shown resilience, rebounding from $14.75.
Aiming to breach a short-term resistance trendline.
A potential target of $19 is in sight with the current breakout.
ETC has shed roughly 25% of its value recently.
A prolonged bearish trend is evident for Ethereum.
Buying sentiment for ETC is strong around the $14.75 range.
The current ETC price stands at $15.63, with a slight dip.
Bitcoin's recent surge has had a positive influence on ETC.
Both RSI and MACD indicators point towards a bullish trend.
ETC could aim for the $19 mark or retest the $12.65 support, depending on the momentum.
ETCUSD (Daily) - Bullish reversalHi Traders
ETCUSD (Daily Timeframe)
Waiting for the upward break of 17.20 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 14.42 would cancel the bullish scenario.
Trade details
Entry: 17.20
Stop loss: 14.42
Take profit 1: 18.90
Take profit 2: 21.67
Score: 4
Strategy: Bullish reversal
Will ETC Price Sustain Above $14.75?ETC showcases potential for a bounceback from its $14.75 support to challenge the secondary resistance trendline.
A successful breakout might propel ETC to target the resistance at $19.
Dropping below the $14.75 support will likely drag ETC down to $12.44.
ETC has experienced a significant decline, losing around 25% of its value recently.
This decline is in sync with the broader Ethereum downtrend.
A strong resistance trendline has emerged due to this primary downtrend.
The $14.75 level has been a solid support, aiding in multiple rebound attempts.
ETC is potentially forming a double-bottom reversal pattern.
Currently, ETC is trading at $15.53, a slight intraday dip of 0.26%.
An uptick in Bitcoin's performance has injected some optimism into ETC's outlook.
Technical indicators, including the RSI and MACD, reveal bullish divergences.
Breaking past the secondary resistance can result in a 22% upward move.
A drop below $14.75 can lead to a 13% downward adjustment.
ETCUSD - Sideways MarketThe pair ETCUSD is currently in a sideways market. The potential supports and resistances have been defined. It has the tendency to go bearish or bullish. For both cases, the entry points, stop losses, and profit levels are defined. Let's see the market goes which side now!
Will ETC Price Give A Breakout?ETC price bounces back from a strong support at $14.50.
A potential breakout could push ETC towards the resistance near $19.
Grayscale's legal win fuels a 6.23% price surge, reaching $16.96.
Secondary resistance trendline remains a challenge, causing a 5.09% price drop.
Bullish indicators: MACD shows a positive crossover & RSI rises above the midpoint.
Current ETC price: $16.05, with a slight intraday growth of 0.19%.
Downside risk: If ETC drops below $14.50, it could plummet to $12.65
Ethereum Classic On a Way to New Higher High! { 16/07/2023}Educational Analysis says ETCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because ETC fair value gaps are unfilled in a 1-hour time frame.
through Fibonacci retracement, I am targeting up to 1.610 ratios.
The black line is the fair value gap line
The blue line is high and low of the current price.
So one trade is already on with RR is 1:22.52
And another will be RR 1:8.86
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
Finally time for ETC?I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
COINBASE:ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.
I'd set a stop under HKEX:20 if you were to take the trade.
✴️ Ethereum Classic Is Going To $35, Which Means...It is the same pattern we are seeing all across and I'll tell you what it means in a minute.
Ethereum Classic (ETCUSD) hit a low 10-June and this month a higher low, now it is preparing for a very strong bullish wave.
Ethereum Classic is set to hit $21 and then $35 and much higher of course but on the long-term.
✔️ We know that thousands of Altcoins move in group.
✔️ Thousands of Altcoins move together with Ethereum Classic.
This means that if Ethereum Classic does breakout and goes up, the rest will also do the same.
Here we have early recovery signals already showing and other Altcoins with the same pattern already went ahead.
Higher lows lead to higher highs.
I shared this one with leverage...
Namaste.
One last wave of decline?It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
Will This Launch Help ETC Price Exceed $20?
ETC coin price has been on a downward trend within a falling channel over the past week.
Rejected at resistance trendline, leading to a 5% drop in the last five days.
Prolonged selling spree is possible if it breaks below the channel pattern.
Struggling to find support at the 50% Fibonacci level at $17.83.
Bullish flag pattern and double bottom formation at $17.83 increase reversal chances.
RSI and MACD indicators don't support reversal theory, showing bearish signals.
Possibility of morning star pattern formation, leading to a potential bull cycle to $18.75.
An optimistic breakout rally could pump ETC prices by 15% to challenge the $20 overhead supply.
On the flip side, a fall below the 50% Fibonacci level will plunge ETC prices to $17.
ETC leaving a 2 year bull flag ETC is finally leaving the 2 year bull flag formation. TP is at around $40.
ETCUSDETCUSD has impulse and the next correction behind it. We should continue the uptrend towards the $72-74 levels.
ETCUSDTEVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
ETCUSD[D] Already Perfect Storm developed!Chart indicate mid-term ~48 and long-term ~82 in range of possibility.
Be your advisor though!
Ethereum Classic levelsEthereum Classic levels on the 1-day chart: I'm posting this as a long from a much better entry price so be careful about a new entry price. ETC printed a big volume candle on Wednesday with price action going up with it, followed by a pullback yesterday. Now, pi RSI is at the top with BBMC set to VWMA13 expanding up since Wednesday. Probability wise, it'd be better to wait for another pullback than chasing it up here after +25% in 48hrs. Still with that said, ETC is looking like it's headed for SMA200 $25 eventually. Plus, I still think ETC is undervalued from a utility valuation in the future.
SMA200 = $25.02
VWMA13 Bollinger-Bands.Multi_Choice:
top = $21.91
R3 = $20.75
R2 = $19.58
R1 = $18.41
pivot = $17.25
S1 = $16.08
S2 = $14.91
S3 = $13.74
bottom = $12.57
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
BBMC - bollinger bands
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Breaking strong resistanceOn the 2h ETCUSD chart, we see that the price of ETC is reacting after breaking through the 18.x resistance area.
Before that, the price after breaking through the downtrend line at 15.x area accumulated and had a very good bullish phase.
The price needs to accumulate strength to break through to the 23.x range to confirm the position of the uptrend firmly.
Currently suitable for a hold order, not suitable for opening a new position.
✴️ Ethereum Classic Ultra Strong Bullish Potential ($65 Next?)We have a situation here similar to what we saw with Cardano.
Ethereum Classic hit a lower low when we look at the candles wick in June 2023 vs June 2022 but a higher low when we look at the candle close.
The candle close is many times more important/relevant when it comes to TA.
A higher high is more valid than a lower low, in this case but we consider both.
The fact that the low was just a wick is a bullish signal. Bears/sellers sold everything but it was quickly bought.
We were talking about EMA100 and comparing it to last year, obviously, EMA100 failed as support and ETCUSD has been trading below it.
Since it peaked in August 2022, we have gone through a massive correction phase.
All the people that had to sell sold.
All those people who had doubt are gone.
With such a long correction, weak hands exist no more.
It is easy/safe to buy now expecting long-term growth.
Once we hit bottom, the only place left to go is up.
The next wave can go higher than August 2022, meaning $65+... We will see how it goes!
This is not financial advice.
I am sharing my opinions and experience. I am not responsible for your actions.
Thank you for reading.
And thank you for your continued support.
Namaste.
ETCUSDT undergoing the reversalLove the formation of the double bottom, and the current pullback on ETCUSDT. It provides a good RR opportunity for the long-term hold. However, the first resistance at 50% Fibs must be taken out for the uptrend to start.
