ETCUSDT.P trade ideas
✴️ Ethereum Classic Update | Why Does It Take This Long?One of the oldest living human being in this planet said that the stock market is a mechanism that transfer wealth from the impatient to the patient... And this is true, I am paraphrasing but this is what legendary trader Warren Buffet said at one point in his very long life.
This is the situation we have now with the Cryptocurrency market, patience is key to succeed .
See how Ethereum Classic is now back above EMA50/EMA100, or close to those levels, which puts the pair back into sideways trading or consolidation.
The June drop/low can be considered a shakeout or a stop-loss hunt event. This is extremely good because it means that the weak hands have been removed and the market will grow with those that decided to hold and wait.
Here is the thing, after the 10-June low we have the highest daily buy volume in a year, this is how it starts.
Back in 2022 we would see first a high volume day after a long-term low and this is followed by massive bullish action and growth.
Last month move was the final shakeout, growth comes later this month or early the next one.
The chart is saying that we still have to wait, regardless of the price swings, the bulls have the upper hand.
Last year we had a small consolidation phase that led to a small bullish wave.
This year we have a long consolidation phase that will lead to a strong bullish wave.
That's how it works, whatever happened before, you get the inverse.
If it was fast, this time it will be slow.
If it was big, this time it will be small.
The bullish wave was nice last year but still weak when compared to the bigger picture, this year it should be big and strong when compared to past action and the Cryptocurrency market as a whole.
Let us be patient.
Think long-term.
Thanks a lot for your support.
There are charts where I give the long-term targets for this and other pairs, you can find them in the "Related Ideas" below. Always make sure to check those out for additional information.
Namaste.
🚨 Trade Update: ETC/USDT (5-10x)🚨 Trade Update: ETC/USDT (5-10x)
📉 Short Entry: 18.50 - 19.70
OTE (Optimal Trade Entry): 19.16
SL: 20.38
B/E Move: When it moves close to TP2
TPs:
Short Term: 18.30 - 18.10 - 17.80 - 17.40 - 17
Mid Term: 16.50 - 16 - 15.3 - 14.4
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
ETC/UST 1D ReviewHello everyone, I invite you to review the ETC chart on the one-day interval. As we can see, the price did not manage to stay on the downtrend line and was quickly reversed.
After unfolding the Fib Retracement grid, we see that the price is holding just below the support at $19.19, the next support is at $16.69, then the third support at $14.84, and when we go lower we have a fourth very strong support at priced at $12.57.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $21.67 with the downtrend line, then resistance at $24.15 and then the price will move to resistance at $27.26.
At this point, it is worth including the EMA Cross 200, which indicates that the ETC attempted to return to a strong uptrend, but it was a false break and a quick return.
The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the continuation of the downward trend, while the RSI has approached the middle of the range, so the move will be based on BTC price jumps.
ETC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETCUSDTThe current situation of Ethereum Classic is as follows:
In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days.
Now we are witnessing a price decline from the top of the channel.
In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel.
But why $18?
In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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ETCUSD ❕ holds supportTrading volumes have increased and the chart has successfully consolidated above the descending channel.
The price broke above the 50EMA on the 4H TF.
The 50EMA broke up through the 200EMA on the 1H TF.
I believe the asset will continue to rise after holding support.
etcIn the short term, the first resistance is in the two red lines and the ceiling of the hypothetical channel. If it crosses, the higher red lines are available. And if it meets the resistance, the lower box and the green lines are available.
ETCUSDTAfter breaking an important support and pull back to that reversal zone i believe it will fall at least to the next important resistance level
ETC- ETHEREUM CLASSIC 1W BY HODLTRADINGBINANCE:ETCUSDT
Weekly chart looks interesting, We have a falling green trend line and we want the price action to stay above it about 18.80$ to move to the first weekly target at 22.80$ (+60%) from the current price.
Why Bullish for now, we have triple bottom above support and (0.618) Fib level - if it breaks the trend line it gonna fly to the targets.
NOT A FINANCIAL ADVICE, I'M JUST SHARING MY IDEAS, DYOR.
ETCİf btc dont go down the trend will work...
Please use ST !!!
First target around 25
when it break 25 it will pump around 40 DOLLAR
#ETCUSDT #LQR #TOBTC #LaqiraProtocolIn certain support zones on the chart, after the Bitcoin levels are matched, you can open a long position if confirmed. This analysis is not an offer to buy or sell
Ethereum Classic riding bull run 🔥 🚀ETC Today Analysis💎 ETC has recently broken out of a triangular pattern in an upward direction, indicating a potential bullish run.
💎 The Relative Strength Index (RSI) is also showing a significant upward trend, reinforcing the bullish sentiment.
💎 The presence of a high-demand area is another crucial factor to consider for potential upward movement.
💎 However, if the price enters the invalidation zone, it could trigger a significant downward shift.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
ETC/USDT - Ethereum Classic: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the SET:ETC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 15.73 | 16.24 | 17.42, and the major support zones can be found at 14.55 | 13.88 | 12.7. Consider entering a trade at the current price zone of 18.96 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum Classic
▣ Rank: 30
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule.
◰◲ Technical Metrics :
▣ Mrkt Price: 18.96 ₮
▣ 24HVol: 41,062,576.734 ₮
▣ 24H Chng: 11.007%
▣ 7-Days Chng: 23.16%
▣ 1-Month Chng: 6.54%
▣ 3-Months Chng: -7.22%
◲◰ Pivot Points - Levels :
◥ Resistance: 15.73 | 16.24 | 17.42
◢ Support: 14.55 | 13.88 | 12.7
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.28
▣ Last 90D: -1.19
▣ Last 1-Y: 0.60
▣ Last 3-Y: 0.89
◲◰ Volatility :
▣ Last 30D: 0.58
▣ Last 90D: 0.47
▣ Last 1-Y: 1.00
▣ Last 3-Y: 1.21
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth ETCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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✴️ Ethereum Classic, The Bigger Picture ($118 - $289 Long-Term)We looked at many Altcoins in the short-term... Let's expand our view, let's see what the long-term chart has to say, the perspective widens, it is completely different.
Here we have many bullish signals, really strong, for Ethereum Classic (ETCUSDT).
Let's start from right to left:
We have a volume breakout with the highest weekly buy volume since August 2022.
This week ETCUSDT is moving above EMA21 and EMA10. Strong signal.
The RSI is super strong at 53.86, again, weekly, which means 7X stronger than the daily.
The consolidation triangle is being broken bullish. This same pattern in 2021 led to a very strong bull-market.
Long-term higher lows. Long-term growth. Long-term up.
The targets goes as follow once the bull-market starts:
1) $37 can be achieved easily on the first jump wave.
2) $52 follows and $77 mid-term.
3) The long-term targets go to $118 and $146.
4) The new All-Time High, over a year from now, can hit $289 or higher... We will look at the higher potential in the future.
That's Ethereum Classic for you long-term.
Namaste.
Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
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Entry after breaking blue rangeIn this analysis, we examined the Ethereum Classic digital currency. This analysis is in daily time.
Due to the failure of the downward trend in the daily time, there is a 100% chance of growth for this currency, but as you can see, it is better to wait until the safe entry point because there is a strong resistance.
ETC target 3812h time frame
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ETC is still under the downtrend so far.
The best entry is wait for breakout and retest the structure.
TP: 38
SL: 16.8
Ethereum Classic to rally toward $21 soonThe H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.
They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.
Traders can re-evaluate the market in case prices drop below $16.43
Entry: $17.31
Stop-loss: $16.28
Take-Profit: $21
R:R: 3.58
ETC/USDT ANALYSISOn daily price been rejecting that level,
For continuation we need a push above
21.150->hold->consolidate = next leg up
Else a filthy rejection again to 19.150
ETC/USDT looking for good entry hereHey traders 👋
ETC/USDT is next pair on our watchlist which is still looking for a support to settle the price upon. We are looking more at that Liquidity grab zone here which seems to the major zone for price to touch here this week. We need a confirmation of breaking the current support and once we get the breakdown we will most likely head towards $14.700.
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Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
