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
ETCUSDT trade ideas
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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ETC/USDT - Potential Trading Setup! Hey traders 👋
Next one on our watchlist is ETC coin where we see the price inside the triangle formation! We are waiting here for that 4th touch on that upper line from where we are going to look for a short position with a probability to hit those lower zones of $17 and $15. Keeping an eye here!
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ETC USDT PERP Hello Trader BINANCE:ETCUSDT.P
the area is classified as sideways bearish for a separate ETC on the 1-hour time frame, still stuck for long orders. I suggest to short positions from now on because most likely the area won't be able to penetrate because the btc has increased significantly tonight
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ETC - breakdown of the global countertrend! The price will fly iHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
A few thoughts regarding the ETC chart.
My position at 15% of the deposit with an entry point of $18.85 continues to hang, as I said, I will just wait for better changes in altcoins. Well, according to ETC, they may have already arrived ...
Technical: the price has broken the global trend line and the most important thing is that the buyer does not lose the zone and we are fixing above this trend line.
In the future, if things go well on the chart as well, then I expect to see an exit to the first resistance of 0.236 Fibonacci ($23-25) 25% of my entry point.
How many chances do you think Ethereum Classic will give you?
Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!!
Full List of Cryptos Named Securities in SEC Lawsuits:
www.sec.gov
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ETC/USDT looking for short here! Hey traders 👋
ETC coin had a nice fall from where we expect the price to show some recovery (Short term). We are looking here for price to reach $16-$17.5 zone from where we want to see another dump of at least 10-15%. Let's wait and see how price will move from here on!
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Swallow Team
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We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
ETC short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.