ETCUSD trade ideas
Ethereum Classic Vs USD for 02.08.2021Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Hourly Chart is being used for this post!
It looks like a good start to a new move in Ethereum Classic Vs USD. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB). This may be a good run for it this time. Because it did move up quickly after the RSI did bounce off the 3 SMAs in my indicator, and it still has that line looking up for now, and the RSI is over 70. Plus, all of my indicators are over the 50 line!
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
ETC the real ETHEREUM 2.3.21JP. But seriously think about it. Its been attacked 3 times of the 51 percent variant and IS STILL ALIVE. DOES THAT TELL YOU ANYTHING? i think that should be respected and we must admit, much like XRP, that ETC is NOT going away and will be going much higher in the coming years. Would i want to be all in? HELL NO. But i think its cheap enough and HATED enough to get a small bag maybe a few hundred just a half a percent of a portfolio.
Diamonds are Forever :) And we are all hearing about these "Diamond hands" as of late. Here is a simple trade involving an old classic, ETC! Trade is invalidated if diamond breaks down, however the range is now getting air tight so I suspect within the next 24 to 48 hours she will be moving to make people remember what she can do when left unattended while the defi craze continues blossoming . A true classic with ATH over 40 this coin can be tricky to trade with price difference across exchanges, however I will be keeping this simple. SL under recent low (I dont mind holding this for a while) targets and rebuy zones. Best of Luck!
Pump off supportLooking for a high volume pump to pivot off this support. We can sentiment strong support here as presented on chart.
MACD/SIGNAL are set to cross to increase volume and head for 0 line for an increase in volume which will furthermore shoot RSI further out of overbought zone.
Look for rejection at resistance level 8.000. Continuation through 8.000 will retest 8.400. Stop loss with a clear support breach and continuation.
Please comment with thoughts and ideas. Thank you.