ETCUSD.P trade ideas
Delisting from coinbaseMajor announcement
Many cryptocurrencies are getting removed from exchanges this year.
As those tokens get moved to other exchanges more supply is added
and if trade volume doesn't peak the assets value will decrease big time.
Bitcoin cash
Ethereum Classic
XRP
XLM
and so many more are leaving major exchanges.
Stay up to date and make sure your not buying or holding delisted tokens.
ETC Bounce on monthly (The orignal ETH chain will STAND up.....)Thanks to the Eth Merge, ETC is more secured than ever thanks to the influx of new miners. Investors never got into ETC because of its vulerabilities. Monthly is looking bullish as well as a Bullflag with a measured move of to about $550. ETC hashrate has also seemed to have bounced on the all-time chart.
The orignal ETH will STAND up......
Ethereum ClassicLooking for a bounce here. If Barry Silbert actually went broke then I wouldn’t put much weight into ETC regaining any meaningful strength; however, should buyers step in and provide a substantial influx of capital then it’s likely that we’ll see ETC make a run to the previous highs throughout the next year.
ETC Weekly Head & shoulder with 183 target1) ETC seem to be forming a nice H&S on the weekly chart with potential target of somewhere around 183 and intersecting a double top from last cycle
2) once the stochastic RSI cross the 20 line it should get interesting but also need to break that channel and test as support.
ETCUSD - Long - Small bounceOn the chart we can see the price is currently in oversold condition. As we can see all the three indicator are suggesting the oversold condition. So this can be an shortt-erm oppurtunity to get approximately 7% profit if this plays out.
The indicators used are Bollinger Bands, RSI and Stochastics.
See further details on the chart.
Goodluck!
ETCUSD Potential BottomThis is my 2nd publishment, so hopefully this is helpful.
My tops/bottoms indicator had given a bottom signal a few bars ago for ETCUSD on the 30 minute chart indicating a potential increase may be coming. I don't suspect this is inherently the lowest the price may go, or perhaps it could be? I suppose we'll see.
ETC overvaluedHello, Ethereum classic for some reason i dont understand went up 300% in the recent weeks.
The merge of ethereum means that ETC will no longer receive "free upgrades" from the normal Ethereum because the code is no longer the same as ETC keeps proof of work while ETH is going proof of stake.
The market thinks this is bullish for ETC, i think its bearish and the price increase is unjustified.
Im 1x short on ETC to 10$ (i fear a retest of 44$ thats why im only using 1x leverage, i think its unlikely tho but wanna play it safe)
ETC seems to trade in a ascending wedge and we are near resistance.
Fundamentals and TA line up, thats why i think this is a good/safe trading setup.
DYOR and only invest what you can afford to loose in crypto (also shorts) as i think we are in a bubble.
ETC - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETC is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 23.0 - 25.0 is a strong support and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
Since ETC is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich