ETC, breaking out of the downtrend.The following content is machine translation:
In the 4-hour chart, the previous pull-up was supported by the resistance at 46 and dropped to around 40. During this period, a descending trend line was formed, and it has now broken through the descending trend line.
The indicator macd rebounded to the golden fork, and the RSI indicator rushed to the neutral 50 to reach the bullish range.
In terms of operation, grasp the intraday low and more, look at the previous high near 46, and see the breakthrough near 50.
ETCUSD.P trade ideas
ETCUSD - Ascending Triangle BreakoutETC is undergoing a break out
Right now on this 4Hr chart an ascending triangle can be observed, a bullish pattern
The breakout should continue
ETH Classic - ShortHello Traders and Investors,
ETC had a good run, but the top is in for it. HNS on the 5 minute which should push the price down to the closest support. A rebound back up to the neckline is possible after the first support is touched. But a continue in decline of the price is expected.
Let me know what you think.
Etc :)My imagination. We will go back to the bottom again.. but the currency is very good and has an excellent analysis. Once we return to the bottom, it will rise insanely.. It is not advice to sell or buy,
this analysis was analyzed by Jane's methods of analysis.. the figure drawn for imagination only
$ETC - Bounce from 60 period SMA on the 4 hour chart - LONGA simple idea along the lines of my last couple if you've seen, we've had a large expansion when ethereum classic started to get a lot of attention surrounding the merge narrative and mining moving over, a range was set on the break down from that rally and price has managed to break out and is currently come back down to retest it, also lining up with a bounce from the 20 period SMA which I like.
this is a good level to buy imo and i think we go to at least 40.6ish which is towards the top of the prior consolidation before breaking down
tldr
buy 37.6
target 40.6
stop 36ish (below a prior wick and 20 period SMA)
follow me on the tweeter :)
ETC is expected to rise in 5 waves.The following are machine translations:
On the daily chart, it started to rise from the double bottom structure below, and the low point of the callback continued to rise. This time it was blocked at 45 and fell, and it fell back to the starting point of the big Yangxian on July 28, stopped falling and rebounded, and is expected to rise in the fifth wave.
The indicator macd bullish energy column shrinks, and the RSI indicator lingers in the oversold zone.
Summary: The pattern is expected to rise in 5 waves, and the indicators are all in a bullish trend. At present, the decline has stopped and the rise is expected. The 5th wave is expected to open, and the upper target is near 50.
BCH & ETC 4hr chartsBCH & ETC 4hr chart levels:
BCH
top = 202.32
R3 = 197.72
R2 = 193.12
R1 = 188.53
pivot = 183.93
S1 = 179.33
S2 = 174.73
S3 = 170.13
bottom = 165.53
ETC
top = 24.48
R3 = 23.82
R2 = 23.16
R1 = 22.51
pivot = 21.85
S1 = 21.20
S2 = 20.54
S3 = 19.89
bottom = 19.23
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ETCUSD ❕ trade in rangeETC is moving in a range and the price has recently reached the lower boundary.
Volatility has declined along with trading volumes.
TD Sequential has formed a reversal up signal (4H and 1H TFs)
Price has entered a bullish RSI zone (30m TFs)
I expect that the asset may continue to grow within the range if it breaks up the downward channel and fixes above it.
ETC play book training exerciseThis is more of a training exercise then actual reliable TA.
I have mapped out 3 different paths i personally believe ETC can take in the coming days.
Purple Most likely to Play out
Green 2nd Most Likely to Play out
Yellow Least Likely to Play out
I could also be dead wrong and we drop to the floor.
My goal here is to see if out of the three options any of them have a good success rate.
Then I will be able to learn which direction to take my TA.
Thanks for viewing!
ETCUSD Struggling to break the 1D MA200Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200 (orange trend-line), after the rejection on July 19. Technically, with the 1D RSI rejected above the overbought region, this is a sell signal towards at least the 1D MA50 (blue trend-line). Even a marginal break above the 0.618 will still be a sell signal. Make sure you always have the SL tight as the closer we get to the Lower Highs (top) trend-line of the Channel Down, the more likely a break-out becomes. The way it is now, a break above the top (around 41.00 now) signals a complete shift to bullish sentiment on the long-term.
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ETCUSD ❕ price is over liquidityETC is out of the liquidity zone and downward channel.
Volumes again began to show interest in price growth.
TD Sequential formed a reversal signal upwards (1H TF).
Price tested 100MA as support and 50 as resistance (1H TF)
BB indicator is overbought (30M TF)
I expect ETC to move near resistance level, but after fixing above it will continue to grow.