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ETCUSDT trade ideas

Ethereum Classic Moving Above $450 Means 2000%+ Growth PotentialGood morning ladies and gentlemen, are we there yet? This is truly the longest accumulation phase ever for Ethereum Classic, the current price at which it trades happens to be within a range that has been active since January 2022, almost three years. The longer the accumulation phase, the stronger the bullish cycle that follows. Back in 2018 and leading to the 2021 bull-market, the accumulation (consolidation) phase lasted 805 days. The bottom was hit March 2020 and please keep in mind that the bottom doesn't have to hit at the end of the accumulation phase. Present day the accumulation phase has been ongoing for 1,022 days but the bottom hit in June 2022. Anyway, the 805 days of consolidation produced a bull-market in 2021 with total growth, from bottom to top, of some 5,700%. This time around the consolidation phase has been ongoing for much longer. On the chart, growth potential shows 1,300% and 2,150%. But if we were to calculate these same targets coming out of the June 2022 bottom, total growth would be around 3,500%. This is huge for a project like Ethereum Classic which is not small. The small projects can grow even more. This same project can also surprise and do better than anything we expect because we are going to have a friendly market and friendly regulations for Cryptocurrency and this has never happened before. How it will all truly develop, we don't know, but we know it is going to be big, it is going to be beautiful and the market will continue to grow and evolve. We use adversity to learn and improve in everything that we do. From our mistakes we learn. Thanks a lot for your continued support. Are you ready? 2025 is getting closer, we are already in the accumulation phase. Buy and hold. Thank you for reading. Namaste.
Long
by MasterAnanda
Bullish Surge Ahead? Key Levels ETC Must Hold to Skyrocket!ETC/USDT Analysis ETC (Ethereum Classic) is in a down trend after making high in March and trading within a descending channel. The price is consolidating between support zone Purple at $16.48 to $17.19 and resistance zone Blue at $20.90 to $21.56. Bullish Scenario For a convincing breakout, ETC needs to surpass the resistance zone Blue at $20.90 to $21.56. If it manages to break and hold above this level, it could attract further buying interest. In this bullish path, the next major resistance zone to watch is at $24.74 to $25.36 in Yellow. Breaking through this could set the stage for a move towards the resistance zone in Pink at $29.72 to $30.46 . Look for strong bullish candles with increasing volume to confirm a breakout, minimizing the risk of a false move. Bearish Scenario If ETC fails to sustain above support zone Purple at $16.48 to $17.19 and shows signs of weakening, sellers may attempt to push the price lower. A break below the Pink support zone could expose ETC to further downside risks, with the next significant support around $14.48. A breakdown below $14.48 could accelerate the decline, potentially challenging even lower support levels and indicating a bearish trend continuation. As long as ETC maintains support above $16.48 - $17.19, the bulls retain a chance to initiate a rally. However, a break below this zone could signal increasing bearish pressure, with significant downside potential if lower supports are tested. Everything is marked on the chart
Long
by TheCryptoCity
Crypto Market on the Bearish TrendHi, we meet again in this post. Isn't it quite accurate what I analyzed in BTC/USDT to take a short? And now the market is bearish and I am also quite interested in this ETC/USDT market because the drop is so fast that I made 3 TP phases within 1 day. Isn't it clear that the price chart cannot break into bullish conditions? See how the price chart collapses after breaking upwards past the 200 EMA. since then the bearish trend has begun. For this technical analysis, I am very confident to be able to touch my TP 3 haha.
Short
by bifox
Etcusdt trading opportunityETCUSDT is currently displaying a double bottom formation, which is a classic technical indicator often associated with a reversal of the prevailing downtrend. In conjunction with this pattern, there has been a recent upward breach of a descending trendline, further reinforcing the bullish outlook. The 'bull area of interest' mentioned refers to a zone that is deemed attractive for accumulation. The rationale behind this is that after breaking out from the trendline, the price often retests it, which in this case is expected to serve as a pullback target where the market may seek to confirm the trendline's role reversal from resistance to support. The immediate upside objective is identified as the 'potential neckline' of the double bottom pattern. This level is significant because a decisive break above it would confirm the double bottom formation, suggesting a strong possibility of continued bullish momentum. Beyond the neckline, the 'supply level' indicated on the chart represents the next target for profit-taking. We welcome your thoughts on this analysis and encourage you to acknowledge our efforts by liking this post if you find it insightful. Thank you for your engagement and feedback.
Long
by weslad
4
ETC/USDT 1D Chart Hello everyone, let's look at the 1D ETC to USDT chart, in this situation we can see how the price has broken out of the downtrend line. Let's start by setting goals for the near future, which include: Target 1 - $19.43 Target 2 - $20.10 Target 3 - $21 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $18.79 SL2 = $17.76 SL3 = $16.72 Looking at the RSI indicator, we see as we again exceeded the upper limit of the range, which may translate into limiting further growth.
by cryptodailyuk
Buy Trade Idea for Ethereum Classic (ETC)Description Ethereum Classic (ETC) is one of the original blockchain networks, born from the Ethereum hard fork, and it retains a strong foundation built on immutability and decentralization. Here are the key fundamentals supporting a buy trade on ETC: - **Immutable Ledger:** Ethereum Classic prides itself on maintaining the original Ethereum blockchain, ensuring that transactions and smart contracts remain unchanged and transparent. This adherence to immutability continues to attract users who value decentralization. - **Strong Decentralization:** ETC operates with a focus on preserving the decentralized nature of blockchain technology, free from centralized influence. This aspect is appealing for developers and investors looking for truly decentralized platforms. - **Smart Contract Capability:** Similar to Ethereum, ETC allows for the creation and deployment of smart contracts, which opens the door to various use cases in decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain applications. - **Support from Mining Community:** With Ethereum’s shift to Proof of Stake (PoS), ETC has seen increased support from miners, strengthening the security of its Proof of Work (PoW) consensus and adding to the network’s resilience. Considering these strong fundamentals, ETC presents a promising buy opportunity for those looking to invest in a blockchain that values decentralization, security, and long-term stability. Disclaimer Trading and investing in cryptocurrencies involve significant risks and can lead to substantial losses. The information provided here is for informational purposes only and should not be taken as financial advice. Cryptocurrency markets are highly volatile, and prices can fluctuate due to various factors. Always conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Understanding Price Movements in Stocks and CryptocurrenciesA person's mouth can lie, but charts do not lie. The first chart is for a stock called Palm Story, and the second is for Ethereum Classic. Palm Story (2021-2022) Ethereum Classic (November 2023) The two charts above are quite similar. For those who know nothing about charts, it might take 1 to 2 years to understand these reasons. Commonalities: Large Trading Volumes at Specific Price Levels: You can see that trading volume increased significantly at certain price levels on both charts. Volume Increasing During Uptrends: It is crucial to note that trading volume spikes during uptrends. Questions: Can High Trading Volume Indicate a Trend Reversal? It depends on the situation. Typically, one reason for a significant drop from high levels is a decrease in trading volume. When trading volume decreases gradually, the price may either rise further(not much) before dropping or create a double top. If volume continues to decrease and there’s no one left to absorb the supply, a significant decline occurs. However, if someone buys heavily to counter a downtrend, the price might continue to rise, similar to a bull market. Thus, I dislike decreasing volume. Analogy: It’s like choosing to eat cold food instead of warm dishes at a buffet. Volume Decreases During Corrections: The average trading volume decreases, while volume spikes only during significant price increases. This indicates that while public interest diminishes, some individuals are quietly accumulating shares at specific price levels. Long Wicks and Closing Prices: In Ethereum Classic, the long lower wicks in the recent sharp drop (watch the closing price) are significant. Note the closing price: they tend to close around similar levels, suggesting difficulty in accumulating above certain levels. You can observe similar behavior in Palm Story’s closing prices at specific levels. Bull Traps Exist: In a major trend, accumulation occurs, but short-term bull traps are common. Bull traps, however, do not determine long-term trends. When a bull trap forms, prices often drop sharply. Support and Resistance: It is crucial to recognize that important resistance levels turn into support and that breaking resistance often leads to significant upward movements. Can Beginners Catch This from the Chart? It is challenging to grasp these details without closely analyzing the chart. Understanding these nuances usually requires 1-2 years of trading experience and not just reading books. This is just one aspect of chart movements, and there is a significant difference in detail and skill between experienced traders and beginners who read about it only once. There are ways to predict potential explosions in price movements before they happen. Why Did Palm Story and Ethereum Classic Show Different Movements? Palm Story dropped dramatically, while Ethereum Classic showed tremendous growth. The reason for this is trading volume. Failing to consider trading volume in trading is like going into battle with a firearm without knowing how to use it. Think about this, and if you’re really unsure or have questions, leave a comment.
by Chartanalysistomakemoney
1
ETC/USDT Hello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. On the RSI indicator, we can observe a movement at the lower end of the range, which in the longer term may translate into the expected upward price movement.
by cryptodailyuk
ETCUSDTETCUSDT can double from here with in few years. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research. Request your support and engagement by liking and commenting & follow to provide encouragement.
Long
by peacemaker202444
2
ETC Price Update in 3-Day TimeframeETC has precisely hit the entry range between $14.7 and $16.4. The current price is $19.38, which is a 24% increase from the lower range. The rebound, along with the RSI, indicates a bullish divergence. If the price continues to stay bullish, we are likely to see ETC reaching the $30 range very soon. The targets remain the same, with primary support at $18 and lower support at $14.7. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
1