We Are In Phase C of the Wyckoff Accumulation PatternHi Everyone,
I have applied the Wyckoff Accumulation Pattern to ETC.
I previously posted a Wyckoff analysis on the Total Crypto Market, and it clearly shows we are in Phase C of the pattern.
For ETC, I argue we are also in Phase C; however, sellers have been more aggressive in ETC, than the overall crypto market.
I suspect we have gone through most of the selling, and as volume picks up we will see more buyers and an eventually push into $62-$72 by the end of July.
We still have to breakthrough the 50 and 100 MA on the 4hr before we are truly heading to $62, but once broken, there should be nothing stopping it.
If ETC fails when exiting the upper end of the support, then I suspect we will be heading much lower into the $20 range.
ETCUSD trade ideas
ETHEREUM CLASSIC SHORT to $35 -Price action showing us lower swing highs
-broken structure and retested
-respecting resistance levels
-respecting this downhill channel
-SUMMARY= technical wise we should be seing a downfall from this area it looks clear on the chart but anything can happen so use proper risk.
Ethereum Classic Hi guys, i hope you held your cryptos with diamond hands and did not panic sell during this dip.
ETC has presented us with a beautiful buying opportunity. Following the bullish impulse that occurred in May, price has dipped to a sweet spot. Price is currently testing previous resistance turned support at the 38$ area. The 200 EMA and the 78.6% Fibonacci retracement are also being tested in this area. If this area holds, its nothing but up.
The RSI (Relative Strength Index) is oversold at 29.9.
Nevertheless we must acknowledge the possibility of price making one more dip to liquidate some traders/investors, something to definitely keep in mind.
Never invest more then you can afford to lose
This should not be considered financial advice. DYOR
etcusdtClassic eth Currency itself has no seller. However, the upward trend in the btc dominance and decline of bitcoin will lead to the forced fall of this currency.
Currently, the most important range is $ 40 to $ 50, which is the annual limit of this currency. With this decline, it can be said that in the daily time and weekly, the pullback is being done to the previous ceiling, and we will face a good climb in the upper time.
----------------------------
In low time, however, the route will be high according to the chart.
💥ETCUSD - TO DIP TO $43, THEN PUMP TO $90Etherum classic as we can all see is in a downtrend with five (5) credible resistance trendline and two (2) credible support.
Sellers are still winning the battle. Therefore, I expect etherum classic to dip to $43 and pump to $90.
Let's wait and see what happens.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Follow me to receive more updates on this pair🤙
Comment any coin you need my analysis or forecast on📈📉
Happy Trading💰🥳🤗
Thank you for your support!💓
ETC Short Term AnalysisWe might be headed back to retest the 67 line for a retest. On top of a double bottom which shows on the 4 HR, the 1 HR shows bullish momentum and a reverse head and shoulders pattern. Higher highs and higher lows are as bullish as you can get. Those will start to show in the bigger time frames. We are still bullish in the weekly. We need to recover the daily but that may time some time.
If you want to see how it will get there..look at the previous pump to 67. It won't be like that, but it will be similar.