ETC/USDT Secondary trend. Channel. Accumulation and distributionSecondary trend. Timeframe 3 days. Which formed a downward reset channel with a significant 108% move after a huge +2000% to 3000% pump. This is what happens when a coin is "forgotten about by all," not advertised in the news, and accumulated for such a long 2.2 years.
The real ether. The “green” parent of the expensive “black” ethereum.
Coinmarket Coin: Ethereum Classic
At the moment the price is approaching the uptrend of the main trend (long-term). Dynamic support (green) of the large channel.
The medium-term reversal zones of the secondary trend are shown on the chart and circled in yellow, on which (breakthrough / not breakthrough) depends on the further development of the trend.
The graph shows the accumulation and distribution zones. Zones of smart and stupid.
Position resets.
"Waves of interest" with price retention is expensive
1—distribution zone. Formation of a 6.5-month triangle). -61% from the reversal level of the triangle breakout.
2—zone after the triangle breakout. Formation of the descending channel.
The whole drop is 10.8 months (327 days).
The price is now at the “Hamster Pump” peak zone (buying back liquidity “expensive” from those who didn't want to sell cheap) $17.22 - $20 before a huge pumping +2244% of the average set price.
Accumulation in the horizontal channel, 2.2 years.
The channel is 100% $3.78 to $7.35. Average liquidity set price of $6.
Maxima—$13.18 (redemption of coin volume “expensive” for subsequent failure under market dump).
Minimums—$3.1 (market dump 13 03 2020).
Expensive and cheap ether. Mining.
Ethereum is moving to version 2.0. There will be a transition from proof-of-work to proof-of-ownership, and mining on video cards will cease to be profitable. This will happen in the second half of 2022, perhaps even this summer.
This very unpopular and painful decision (inevitable) has been dragging on for 3 years now. It is very likely that this year will be the end of this problem. It's not hard to guess which cryptocurrency the miners who mine ETH now will most likely switch to. Consequently, it can very positively influence ETC price.
For those who don't know, let me remind you. ETC is the true ether. ETH is a fork. Forced fork, to get back stolen ETCs during attack on DAO (just to roll back transactions of “hackers” wallets).
That's how 2 Ethers came into existence. ETC (limited quantity of coins) and ETH (unlimited quantity of coins). Of course, they began to promote and develop centralized fork, that is ETH.
The whole story about birth of ETH with ETC and the story (real imitation) with hackers attack on DAO and stealing of ETC coins was made just for “birth” of more centralized crypto-mint for testing technology, especially smart contracts on it.
Under the idea fixed my previous trading ideas for this coin, including closed (pre-pump recruitment zone).
ETCUSDT trade ideas
YongTung | ETC: Over 1000% Incredible Pump Starting Right Now!Hello traders, today I want to talk to you about ETCUSDT.
I made a few conclusions about Ethereum Classic.
At the moment ETC price trades near to support zone $14.32-$12.81 levels.
I expect that price can make small correction to support area and then bounce up and start to rise.
Then, I think price can break resistance line and go higher.
I set up my first target locate at the local high and resistance level $49.28 (fibonacci 0.5 level).
Also, I think price can break resistance level and continue move up until resistance zone.
Therefore I set up second target at $129.50 and $117.90 levels.
And I set up my final target at fibonacci 0.886 and ATH level $160.75
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
ETC(Ethereum Classic): +20% In One Week...What's Next?ETC(Ethereum Classic): +20% In One Week...What's Next?
This is an analysis that I shared one week ago.
The first bullish move was perfect + 20% profits so far.
So if you are happy you can close these profits also here:)
However, the price completed this beautiful harmonic bullish pattern
and it can be a good signal that the bullish wave should be ready soon.
PS: If all will be well regarding the fundamental outlook of the crypto market the price should rise again from this point.
Targets:
🎯 20.46
🎯 22.46
🎯 26.63
🎯 31.25
🎯 39.30
Thank you and Good Luck!
Previous Analysis:
ETCUSDT CRABCrab
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
Likes and comments if you have questions! 🍌
Thanks!
ETC/USDT possible Double Bottom? Hey guys
Let's talk about ETC as well while we looked at ETH today. First thing that we see here is "double bottom" pattern which has reached the neckline zone. Seems good indicator for possible bullish movement so here we suggest to wait for any confirmation from candle movement before entering the trade!
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.
ETC - The classic twin bottom pattern is formedOver the past two weeks, ETC has recorded a range trend at the support level of $14.71. While swinging on this support, the classic double bottom pattern is formed, and if the neckline resistance of the pattern is broken, i.e., the break of the $16.75 to $0.17 range, we can consider the pattern confirmed. The price target after confirming the pattern is considered in the range of 18.90 to 19 dollars. Because this resistance is outside the short-term descending channel, we can have a mentality of possible breaking of the channel ceiling.
Of course, this breaking could be fake because in the current downward trend, the power of the bearish candles is greater, and still, because the pattern's neckline is broken, the trend in the 4-hour timeframe can also be bullish. Therefore, pullbacks will face demand for support. The downtrend line on the RSI is being broken, which could be a good sign for this week. Of course, if the last daily candle closes well, we expect this upward movement.
✴️ Ethereum Classic Part 2 | Can It Go Higher Than $45?Part 1 is the July/August 2022 bullish wave...
It is hard to believe but its been more than 4.5 months since the last high.
Cryptocurrencies tend to correct for 2-3 months, normally... This time it has been already 4.7 months and we are still within a higher low.
What this means is that the next bullish wave is overdue.
Even on another shakeout, it gets closer and closer with each passing day.
Higher lows lead to higher highs... So there is potential for Ethereum Classic to go above $45 .
See the chart for additional information.
Namaste.
Ethereum classic ETC has almost reached the bottom!Hello, traders!
Last couple of days we told about we told about crypto assets which have to dump significantly before reaching the actual bottom. Today we have Ethereum Classic which in my opinion has only 20% potential dump before the new bull run .
ETCUSDT showed the wonderful corrective wave C which caused the FOMO and hit $45 , but after that the ending wave 5 became the huge disappointment for hurried traders. This wave has the clear internal structure. Minimal Awesome Oscillator value helps us to find the bottom of the wave 3. The entire cycle can be drawn using the wave 3 point. I suppose now ETC is in wave 5 inside wave 5. It has the natural target $12 where I am going to buy this cryptocurrency.
Even if Ethereum Classic is a scam the buyer reaction is anticipated from this level because it’s the huge liquidity are. The guaranteed target is the 0.61 Fibonacci at $30 , therefore we can make an easy 2x . I am going to execute this trade.
Best regards, Ivan
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
ETC/USDT Bullish flag is formingHey guys ✌️
ETC/USDT is another coin we see that might spike soon. There is a good possibility for ETC token to show some bullish movement after forming that bullish flag just below our EMA levels. We will wait for additional confirmation here before entering a position
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ETC: Price Finally Completed a Bullish Harmonic PatternETC: Price Finally Completed a Bullish Harmonic Pattern
After so many days the price completed a harmonic bullish pattern
which I have shared before.
Trading volume is very low since FTX dumped the entire crypto market.
However, the price completed this beautiful harmonic bullish pattern
and it can be a good signal that the bullish wave should be ready soon.
PS: If all will be well regarding the fundamental outlook of the crypto market the price should rise again from this point.
Targets:
🎯 20.46
🎯 22.46
🎯 26.63
🎯 31.25
🎯 39.30
Thank you and Good Luck!
ETCUSDT wants the pullback?The price is testing the resistance after the price had a false breakout from the dynamic support.
How to approach it?
IF the price is going to have a breakout and retest the local resistance as new support we could see a pullback until the 18$ area, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
✴️ Ethereum Classic Weekly | Falling Wedge Clear Picture (120%) It doesn't need any analysis does it?
Ethereum Classic (ETCUSDT) on the weekly timeframe gives a clear picture.
We have the classic falling wedge pattern and a perfect -9 on the TDs showing up.
We have a long-term higher low when looking back at June and the value area also points up.
No need for more analysis... Over 120% possible in 2023 Q1.
Namaste.
Coinbase to delist Ethereum Classic ETC from Coinbase Walletpast chart
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
ETC/USDT short
Entry Range: $19 - 20
Price Target 1: $16.77
Price Target 2: $14.24
Price Target 3: $12.82
Stop Loss: $23
ETC/USDT waiting for entry zoneGood morning guys
Next one on our watchlist is going to be ETC token. Well we won't talk much here - we see that we need to exit this yellow zone for our next movement to happen so that's what we are going to wait for. Here we would like you to take a look at BB indicator and EMA zones before entering any position on this trade!
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.
ETC - Technical review and analysisThe price of Ethereum Classic is in a downward trend in many timeframes. A decline in price to the considered support levels is expected. The first support range is $17.75-$16, and there is a possibility of breaking this level due to the lack of buying power.
Therefore, closer but more important support is considered in the range of $14.90-$16. If the price hits this level and forms a possible positive divergence, we can expect a positive swing from This range to be seen up to the ceiling of the descending channel. This support area overlaps with the midline of the main descending channel, and given that the biggest bullish wave of the past few months started from this level, a return to this area could activate some dormant buy orders. We expect the price to return only in case of a good and strong reaction.