Ethereum Classic (ETC) forming bullish BAT for the next pumpHi dear friends , hope you are well and welcome to the new update on Ethereum Classic (ETC) with US Dollar pair.
Previously we caught a nice trade of ETC as below:
Now on a 4-hr time frame, ETC is about to complete the final leg of a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ETCUSDT trade ideas
"🚀 Seizing Opportunity: A Strategic Approach for Buying ETCLet's embark on a thrilling journey through the intricacies of ETCUSDT!
🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
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Ethereum Classic ETC: Looks Like It Is Going Pump?After having a look at the Ethereum classic chart on a daily and 4-hour timeframe, I saw a familiar pattern.
7 out of 10 times that such a pattern is formed on BINANCE:ETCUSDT , it makes a bullish movement.
Now, let us see how this will unfold. I am going to open a long position, but you may wait for confirmation.
Confirmation is when it breaks out of the downtrend and a green candle closes above the trendline.
What are your thoughts about this analysis? Let me know in the comment box
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Ethereum classic target (NEXT BULL RUN)Ethereum classic one of the most popular and bullish coins
We right now at the end of bear market
No one knows when Bull run going to start
But we can predict it with our previous data
I think 2024
On last bull run ethereum classic gain 772% and the break out was 21$
I'm expecting the break out for next bull run 41$
And if we can take the previous run
It going to touch 350$
772%
Well it's going to happen because other top 10 not going to gain 772%
On the dada shows they gained between 150% to 350%
So many investors going to invest and trade on ethereum classic
ETC Buy TradeHere is My Study On ETC.
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ETC.P SignalThis year has been a rough year for crypto. Downward pressure appears with all coins.
With the ETC 2h frame, we see the price continuously entering the red area (possibly signaling a downtrend).
This is test result from the beginning of 2023 to the present including the current bearish period. Let's see how the S1-TM performs in a downtrend.
ETC currency in a downtrendEthereum Classic currency is in a falling trend, so the strength is with the fall and the short position is better for this currency.
Of course, the possibility of a further correction and fall for Ethereum Classic is not far from expected, because at the moment, according to the price action, there is a possibility of the price returning to the ceiling of the channel for this currency.
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ETCUSDTBINANCE:ETCUSDT SHORT IDEA
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
"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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ETCUSDTHello Traders,
The current condition of the ETCUSDT pair at its 4-hour support
you can long position.
but has not bounced back or retested the area.
there is potential to make a falling wedge but a lot of noise for this pair
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constructive criticism are important to authors and the
community.
ETC/USDT WHAT NEXT ?👀🤷♂️ETC Today Analysis💎 ETC is primed for an intriguing move as it has impressively tapped the Bearish Order Block (OB) twice.
💎 Currently, SET:ETC trading in a demand area, and we anticipate the price to retest the OB once more.
💎 Notably, the first bounce faced strong rejection, and the second bounce appears weaker, signaling that the price might ascend again.
💎 Volume also displays significant spikes, confirming a high probability of upward momentum.
💎 Another factor to consider is that if the price breaks the critical point,EthereumClassic could experience a downward move
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Price Correction
ETC has seen remarkable growth, surging over 80% from the strong support level of $13, reaching the resistance range of $22-23.3. However, this resistance level triggered a significant negative reaction, leading to a substantial profit-saving phase for buyers. As a result, the price has entered a correction wave. Notably, both the weekly and daily time frames indicate an overall upward trend for ETC. However, it's worth noting that the correction process may take some time.
In the short term, the 4-hour timeframe shows a dynamic support level that is crucial to monitor. A forceful break below this support line could signal a potential retracement towards the $17 support level. On the other hand, if the demand at the $17 support level increases, accompanied by a rise in trading volume, there's a likelihood of a short-term upward trend resuming, and the price could move towards its previous resistance levels.
As of now, the Relative Strength Index (RSI) for ETC on the daily timeframe stands at 52. An RSI of 52 suggests that the currency is in a somewhat neutral state, neither overbought nor oversold. It indicates a balanced market sentiment, where buying and selling pressures are relatively stable. Traders and investors should keep a close eye on how the RSI evolves alongside price movements to gain further insights into potential shifts in market momentum.