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Ethereum Classic / TetherUS

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ETCUSDT trade ideas

Downward movement can continue to the lower support areaETC has been falling in price over the past week. Selling pressure started after the $25 resistance area was reached, and short-term buyers did a lot of profit saving. Ethereum's short-term trend was the classic range, which is still ongoing. But the price hit an important support level in the $20-$20.43 range, which has created a positive reaction, and we cannot consider Ethereum Classic to be bearish until a strong bearish candle closes below the $20 range in the 4-hour timeframe. But by breaking this support, the downward movement can continue to the lower support area. So the next reaction range will be at $17.39 to $18.42. The RSI indicator is inside a descending channel on the daily time frame, which, if a positive divergence forms at the bottom of the channel, has the potential to create signs of reversal and price growth. Therefore, if we see a further price correction, we expect a stronger reaction from the second support level.
by MonoCoinSignal
5
ETC/USDT where now? Hey, guys ✌️ Next one on our watchlist is going to be ETC/USDT pair. As you can see a breakdown - failed retest - another breakdown. Some sort of similarities we might see today where we are waiting for another breakdown to occur here on ETC. If you like ideas provided by our team you can show us your support by liking and commenting. 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.
Short
by SwallowPremium
12
ETC | Another Buy Opportunity Is ComingETC | Another Buy Opportunity Is Coming Ethereum classic performed very well during the old analysis. Today ahead of the US CPI data, the market will move up and down. Also, the current price increase needs to be corrected before it increases again. I am watching for a buying opportunity near the old support area. The overall crypto industry is moving again, but this correction is necessary for a more powerful movement. Let's see if we get this chance again. Thanks and good luck!
Long
by KlejdiCuni
11
ETC/USDT waiting for confirmationsHey guys 👋 ETC/USDT has been pretty negative for the last few days but that was expected as well (Due to the fact that it got pushed on weekends which is not an usual thing to do). Currently we are still inside that triangle formation and we would like you to keep in mind those two "liquidity grab" zones. we might be touching them from time to time until we get a clean breakout or breakdown! If you like ideas provided by our team you can show us your support by liking and commenting. 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.
by SwallowPremium
16
✴️ The Law Of Alternation | Ethereum ClassicYou remember we looked at Ethereum Classic, saying it was consolidating above EMA100. This is exactly what happened back in July 2022 before additional bullish action. Currently, consolidation continues to take place above this level. Are you aware of the law of alternation? This is another one of Ralph N. Elliot's finds. It goes like this, in each cycle patterns will alternate, for example: 1) If you get a regular top, the next cycle you get an irregular top. BTC produced a regular top 2017 and an irregular top 2021. 

2) If you get a simple correction on the 2nd wave, you get a complex correction on the 4th wave.

 3) If you get a short consolidation phase, the next time you will get a long consolidation phase. Alternation. The previous ETCUSDT consolidation above EMA100 was short in duration, just 7 days, this one is already becoming long at 20 days... What I am trying to say is that I believe that we will see additional growth in the coming days. Exactly how many days I don't know and I don't care... We plan, trade and focus thinking of the bigger picture. Namaste.
Long
by AlanSantana
2
Ethereum Classic ETC price is preparing for a "shot up" ?Today, let's talk about Ethereum Classic and the prospects for the ETCUSDT price movement There are two reasons for writing and creating today's idea: 1. The ETCUSD price has reached the target from the previous idea, showing +50% growth in January 2023: 2. While many altcoins have been actively growing over the past few days, the ETC price has been stuck in consolidation all this time. Usually, breaking out of such consolidations is a powerful impulse. Since the crypto market is currently experiencing an upward trend with hints of a possible correction, we have the following assumption: ETCUSDT buy zone is in the range of $21.6-23.6 with a possible further strong impulsive upward movement, where t he first target is $32, the second target is $42 ETCBTC has a growth potential of at least +25% to the first strong mirror level from above. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
52
ETC/USDT "Triple Top" spottedHey guys! Next one on our watchlist is going to be ETC/USDT pair. We noticed a nice "Triple Top" pattern here which is currently sitting near "neckline" zone. On a Daily chart RSI looks still a bit overbought so let's wait for additional confirmation for bearish movement here. If you like ideas provided by our team you can show us your support by liking and commenting. 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.
Short
by SwallowPremium
22