ETC Descending Triangle Signals Upside PotentialETC is currently shaping a descending triangle pattern, presenting a potential opportunity for strategic positioning ahead of a potential upward move. The descending triangle is a key technical formation that often precedes a breakout, with traders closely monitoring the pattern's evolution. As ETC shows signs of consolidation within this structure, market participants are strategizing for possible bullish momentum. Stay tuned as Ethereum Classic unfolds, offering a prospect for a positive shift in its price trajectory.
ETCUSDT trade ideas
ETC 👉 ASCENDING TRIANGLE 👈Hi dear traders
The price is moving inside the ascending triangle
If the support area of 14$ is maintained and the downtrend line is properly broken, we expect the price to reach the specified targets.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ETC/USDT potential shift ? 👀 🚀 ETC Today Analysis💎 Paradisers, be alert! We've observed that ETCUSDT, amidst recent market fluctuations, is revisiting a robust support level, hinting at a potential bullish trajectory.
💎 After a swift descent, ETC touched upon its daily support. This came post its ascent above the channel, charting an upward path. However, a rejection from the overhead supply, coupled with the formation of an equal high, triggered a significant decline.
💎 Now, if the price sustains its momentum above the 14.53 support mark, we're hopeful of it targeting the upper supply zone.On the flip side, should the price of ethereumclassic dip below this support, anticipate a deeper descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
✴️ Ethereum Classic Next Target Too High To Show ($7,545???)Ethereum Classic's next target is way too high to show here, literally off the chart.
I feel timid when I am about to share these numbers... What if it doesn't' hit?
How are people going to react?
Will they kill me in the comments for writing such outrages things?
Honestly, I do not care.
Bear with me for a few minutes... We are not done.
I use the charts and the tools we have here at our disposal in order to make some projections, they can be right just as they can be wrong.
The biggest mistake always has been underestimating the market, never have we overestimated Crypto, never before... I don't think we are about to start now.
✔️ If we get it right... Great, that's fine.
✔️ If we get it wrong, it is because the target was not high enough.
👉 One can say the next All-Time High sits at $282 but the Ethereum Classic (ETCUSDT) goes higher and higher and higher and hits $468 !
See what I mean?
It is all done for your entertainment.
Namaste.
Ethereum Classic (ETC) Performance Ethereum Classic (ETC)
The recent local performance of ETC has been on the rise, showing a 28% growth since October 19. However, the overall trend for Ethereum Classic remains bearish. Additionally, any downward movement in Bitcoin's chart could potentially lead to a significant decline in ETC.
ETC has been trading sideways for the past two days, fluctuating between a support zone of $17.50-$17.87 and a resistance range of $18.56-$18.86. If the upward trend continues, the next targets for buyers are the $19 and $19.5 levels.
Below the current support zone, buyer orders are clustered within the $16.75-$17.15 range, with an additional support level of $16.5. In the event of a correction, these levels may offer attractive opportunities for spot purchases of the asset.
ETCUSDT SHORTThis is a very complicated pattern we have been following for more than a year now.
Ethereum Classic is probably forming a Double Diametric pattern which is a very rare and complex pattern.
We are probably and the end of Wave F of the inside move and we can expect price to form Wave G as the last leg of this pattern. We can expect another rally from this coin at the end of this move.
Short-term support range : 16.71-17.20Hello?
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(ETCUSDT chart)
The key is whether the price can be maintained by receiving support around 11.338-16.07 and rising above 19.45.
(1D chart)
We need to see if it can receive support around 16.71-17.20 and rise above 18.80.
If it falls below 15.27, caution is needed as there is a possibility of a new low.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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🚨 Trade Alert: ETC/USDT (3-5x)🚨 New Trade Alert 🚨
✅ ETC/USDT (3-5x)
📉 LONG Entry Zone: 16.2 - 17.326
⛔️ SL: 15.715
🔒 Breakeven Move: When it moves close to TP2
🎯 Take Profit:
Short Term: 17.5 - 17.8 - 18.1 - 18.4 - 18.8
Mid Term: 19.3 - 19.9 - 20.8 - 22 - 23
📝 Ensure you set entry orders to balance the trade's entry and aim to secure 30% of profits within the first two targets. Once profits are gained, adjust the stop orders to match the entry points or break-even levels.
⚠️ Disclaimer: Historical earnings cannot assure future outcomes. Is there a potential for risk? Certainly. The entire financial market is susceptible to uncertainties; any underlying factor or abrupt shift in market sentiment could overturn the current market trends and lead to losses. Refrain from undertaking undue risks that might jeopardize your financial stability. You are under no obligation to engage in this trade; kindly avoid the trade if you disagree with the trade analysis.
GIS TRADING®
ETC ETC as most coins look Bullish right now
I think that we can expect the coin at 22.49$ soon where I would pay extra attention on how the coin will react.
If it manages to consolidate above that price, and stay above it, in this case it can go higher towards to 40.58$, where we can expect to see strong bearish reaction (n.2)
Otherwise, if the coin rejects from 22.49$ in this case next important level for Bull continuation will be 19.35$ (n.1)
Bullish sceanario invalidates if the coin is not managing to stay above 19.35$ in this case it may go lower or will continue its consolidation above 12.55$ price level
ETC Crypto ETH CLASSIC Sell TP = 15.61On the H1 chart the trend started on October 24 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 15.61
But we should not forget about SL = 17.26
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
ETC grow After Liquidity Sweeps 📈💡Ethereum Classic (ETC) has been quietly making waves, with a remarkable ascent that follows liquidity sweeps of essential support levels. Similar to Solana (SOL), it's primed for what might be another liquidity sweep around critical levels, potentially sparking a new phase of growth. This phenomenon underscores the pivotal role of liquidity in driving price movements. 📈💡
Liquidity Sweeps: Powering Price Action
Liquidity sweeps are market dynamics in action. They involve brief, intentional price surges that clear out buy or sell orders clustered around specific price levels. These sweeps often precede significant price surges, highlighting the profound influence of liquidity as the driving force behind price action. 🚀💰
What Lies Ahead: The Next Move
For ETC, the anticipation of another liquidity sweep, possibly around a pivotal level, could be a game-changer. This event may set the stage for another upswing as orders are cleared out. However, the cryptocurrency market is inherently dynamic and occasionally unpredictable. Staying vigilant and adjusting your trading strategy is essential. 📊🔍
Trading Strategy:
Exercise Patience and Caution: If you're considering a position, it's wise to wait for the liquidity sweep event to materialize and look for corresponding price action confirmation.
Implement Risk Management: Mitigate risk using essential tools like stop-loss orders, which help protect your investments.
Stay Informed Fundamentally: Keep yourself well-informed about Ethereum Classic's fundamentals and any news that could impact its price.
Conclusion:
In the cryptocurrency realm, liquidity plays a paramount role in shaping price movements. Liquidity sweeps, much like with SOL, can be pivotal moments in catalyzing growth. Yet, it's crucial to remember that they are not infallible.
As a crypto trader or investor, it's essential to exercise caution, stay informed, and adapt your strategy to the ever-evolving market conditions. While liquidity provides the fuel, it's your strategy that guides the ship.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
ETC and strong support levelThe instrument has formed a descending structure that lowers the price maxima along the trend line with the help of limit sellers. The preload goes to a cascade of support levels formed by several touches, behind which the stops of the participants' shorts have accumulated, opening their positions from them.
ETC/USDT 12.10.2023 Review ChartHello everyone, I invite you to review the ETC chart in pair with USDT, on a one-day time frame. First, we will use yellow lines to mark the triangle in which the price is approaching the exit and the direction of movement.
Going further, we can move on to marking support areas when we start a larger correction. And here you can see a strong support zone in which the price is currently close to the lower border of the zone ranging from $19.64 to $12.60, but when we break out of it, using the trend based fib extension grid we can determine a second smaller zone from 9 $.61 to $7.48.
Looking the other way, we see that the price has a significant resistance zone from $25.18 to $29.09, only when it overcomes it will it move towards the resistance level of $33 and then $38.62.
Please look at the CHOP index, which indicates that there is still energy in this movement, the STOCH indicator shows exhausted energy, which is also confirmed by the chart, while the RSI indicator shows a strong rebound, but with room for the price to go slightly lower.