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ETCUSDT trade ideas

Analysis: ETC(Ethereum Classic) is at an Interesting Point Ethereum Classic performed a 2x move last month. After a while of a downtrend, ETC is now consolidating. What makes this coin "at an interesting point"? Let's look at the 4H chart and see what we have. 1. Recent RSI Bullish Divergence, 2. 0.618 Fib support 3. consolidation between 0.618 and 0.5 Fib 4. Falling wedge pattern(usually bullish) While there are bullish signs, there are bearish signs, which are 1. 0.5 Fib resistance 2. Upper channel resistance 3. Price below 4h EMA 100 4. RSI 50.0 Resistance Forecast Price can either go to $30(0.786 Fib support) or beyond $50. It may go down if the falling wedge and 0.618 Fib breaks to the downside. It may go up once the upper channel, EMA100, and 0.5 Fib breaks to the upside. Will update this post as time passes. As an extra here are things to watch out for 1. Upper Channel breakout 2. RSI crossing 50(or 70 for a strong move). 50 is an RSI resistance 3. 4h EMA100 breakout 4. Bitcoin(maybe Ethereum) Prices, may influence the prices of ETC 5. Wedge breakout either way(white transparent background) 6. 0.5 or 0.618 breakout(consolidation area) Thanks for reading this post, stay tuned for my next analysis! Also, if you are willing to, please give feedback in the comments, thanks in advance.
by Trader_ph
ETC going 35 or below?Weekly timeframe looking bearish and shows hidden bearish divergence, would it reach 35 or even below? =================== Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable. READ THIS NOTE!! Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
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by CallMeBeginnerTheExplorer
4
Ethereum Classic (ETC) - April 7Hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETCUSDT 1W chart) Primary resistance: around 68.79 Secondary resistance: 90.48-101.33 Support: 36.26-47.10 It is important to be supported in the section 36.26-47.10, so you need to check it. (1D chart) (buy) - After confirming the support around 36.26 - After confirming the support around 47.10 (Stop Loss) - When it drops from 29.66 and is resisted - When it falls below 26.52 (Sell) - When receiving resistance near 68.79 - When resistance is received in the section 90.48-101.33 However, if it rises above 57.55, a sharp movement is expected, so careful trading is required. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year. Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling. In the last few hours, we have seen selling increasing a lot. You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control. We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag. We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump. So why do I say BART? Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION. Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
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by reiiss7