ETC-Ethereum Classic - Waiting For A Bearish MoveETC-Ethereum Classic - Waiting For A Bearish Move
The price is showing the possibility for a bigger bearish wave.
At this point, it is better to wait for a bearish breakout before the price moves
down more.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ETCUSDT.P trade ideas
ETC Holders! FOLLOW ME~!Good day, friends!
This is ESS team.
Let's see the ETCUSDT.
If Candle is supported by the lower GREEN uptrend line, We expect that candle breaks through the RED long-term downtrend line.
The waves that supported the lower GREEN uptrend line have broken through the downtrend line in the past.
If it fails to break through the RED long-term downtrend line this time, It may be expected to rise after accumulation from the ORANGE uptrend line.
ETC/USDT price is ready for testing on the Bull Flag resistance!💎 Paradisers, the recent market dynamics surrounding #ETC have been noteworthy.
💎 After a successful rejection from the support zone around $24, ETC has bounced back upwards.
💎 Currently, it seems poised to continue its upward trajectory toward the resistance of the Bullish Flag pattern, indicating a potential continuation of the bullish trend. Breaking out of this pattern is crucial for further advancement toward our target resistance area.
💎 However, should ETC fail to break out of the pattern, it may be retracing back to the support area. Yet, if the support fails to hold and the price breaks below, further downward movement towards the demand zone around $18.7 could be expected.
💎 Historically, ETC has shown resilience with consistent bounces when revisiting the demand area. Therefore, if the price revisits this zone, there's potential for a rejection and subsequent upward movement. Reclaiming a price above $24 is essential for continued upward momentum. Failure to do so could signal a bearish reversal, prompting a retest of the demand zone.
💎 Bullish invalidation would occur if ETC fails to maintain a price above the demand zone, closing the candle below this level. Such an event could signify a bearish momentum shift, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
ETC Global and local trend🦈Hello!
Today, we'll discuss a #TradingIdea for the coin 💚ETC from the #CryptoTop #Liquidity group. Before we begin, let's understand the global and local structure, determine the price direction, and identify the entry point. Let's dive into the analysis!🦈
⏺On the global chart, long-term trading is marked in pink.
⏺Local trading is marked in blue, with a 1-week timeframe.
⏺The trading scenario is marked in yellow, with a 1-day timeframe.
⏺Global Analysis:
⏺The global support level is at $3.26, and resistance is at $179. Levels $12.88 and $23.90 are the midpoints of the global accumulation channel. The asset's price has been in a downtrend for three years, but there has been a breakout of a new global accumulation channel, which has lasted for 365 days and is 84% long.
⏺❗️Note that the global descending trend line has already been broken, and the price is trying to establish support at the $23.90 level - if this happens, it opens up potential for global highs.
⏺Local Analysis:
⏺Local levels of blue color have appeared on the chart, with the global level of $23 becoming the midpoint of the channel. Levels $39.83 and $14.70 are resistance and support, respectively.
⏺Special attention should be paid to the $18.55 level, from which there was a breakout of the descending trend line and a new local high was set. A local ascending trend line is forming now, and in case of a breakout of this line, a descent to the $18 level and a growth potential of up to 114% can be expected.
⏺Trading Scenario:
⏺A descending trend line of yellow color has appeared on the daily timeframe chart, and a symmetrical triangle has formed.
⏺The local support level is at $25, and resistance is at $28. The trading scenario suggests the possibility of buying from the $25 level with targets at $28 and $39 per asset, followed by further growth to the global high.
⏺❗️In case of a breakout of the local ascending trend line, a descent to the $18-20 marks per asset can be considered.
📈We are considering such a trading situation on several assets, the fractals of which I will publish later. Let's dive deeper into the analysis!
#CoinM #CryptoTop #Liquidity
ETC/USDT 4HInterval ChartHello everyone, let's look at the 4H ETC to USDT chart as we can see the price is bouncing from the lower boundary of the downtrend channel.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5= $37.63
Now let's move on to the stop-loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, there is still room for a continuation of the upward movement, while on the STOCH indicator we have exceeded the upper limit, which may result in a deceleration of the current movement.
ETCUSDTSeeing a lot of similarities in the previous accumulation zone to the one we are currently in. Huge capitulation down to a solid floor. Jump above 200MA with one final 40%+ shakeout before the chart gets explosive. Price currently resting on the 200MA. Ideally we like to see this hold and price and MA begin trending upward until it explodes from the energy built at the bottom of the range. Volume needs to begin picking up soon which would support this thesis as it did in the previous accumulation zone. This will require patience and conviction.
ETC at the first support zoneHello everyone, let's look at the 4H ETC to USDT chart, as we can see, the price is staying in an uptrend channel, from which the attempt to break out from the bottom has been temporarily stopped.
Let's start by setting goals for the near future that we can include:
T1 = $33
T2 = $40
AND
T3 = $50
Now let's move on to the stop-loss in case of further market declines:
SL1 = $24 - $22.8
SL2 = $20
AND
SL3 = $15 - $13.50
Looking at the RSI indicators and the STOCH indicator, even though we are already quite low, which could indicate an upcoming rebound, we should be careful how BTC itself, which is followed by the entire market, will behave.
Bullish Patterns and Trend ContinuationThe price initially fluctuated within a specific range between the first support and resistance levels.
After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box.
Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily timeframe, we expect the price trend to continue upwards and reach the second resistance area.
Another important point is that the first resistance now acts as a support level. If this support level is lost, there is a possibility that the price may fall towards the lower support area.
ETCUSDT ready to blast offhi traders
ETCUSDT chart looks great.
We had a decent accummulation period and now the price is retesting the resistance again.
As the market is bullish , we believe that the next breakout attempt will be successful and we are going to see ETC flying high.
Target area: 40 $ -45 $
ETC/USD Secondary trend. Downtrend channel. Pivot zones.Logarithm. Time frame 3 days. Secondary trend. Downtrend channel. Pivot points.
Linear chart to illustrate the trend.
This is what the main trend of this cryptocurrency looks like now. Time frame is 1 week.
ETC/USD Main trend. Channel.
Linear chart for clarity and understanding of local cycles.
Local work
ETCUSDT.PHello Trader BINANCE:ETCUSDT.P
the small supply area could not breakout to the upside, and there was a rejection of the supply area. valid to go down first to continue the rise
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
Ethereum Classic (ETC) Breaks Resistance:Ethereum Classic (ETC) is trading at $33.64, which is a rise of $0.65 or 1.96% from its previous close.
Analyzing the daily chart for Ethereum Classic paired with USDT, the price action suggests a resistance/support (S/R) flip, a technical occurrence where a price level previously acting as resistance becomes support after the price breaks through it, or vice versa.
The chart outlines two key price levels marked at $35.596 and $39.716, which seem to be the immediate targets. The price has recently moved past the $35.596 level, which is now likely to be tested as a new support level. If the price holds above this level, we can anticipate a potential move towards the next target at $39.716.
Given these observations and the current price of $33.64, the next moves for ETC would likely involve testing the $35.596 level for support. If this level holds, it may pave the way for an upward move towards $39.716
ETC - BUY SETUP (NOV 2023)ETC - BUY SETUP.
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. Key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.