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ETCUSDT trade ideas

Ethereum Classic | ETC Falling Wedge Indicating Potential For GrEthereum Classic ETC is looking really good on the daily timeframe. Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC. I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5. Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40. Let's see how this plays out. Thanks for your support. Have a good one.
Long
by PagaLui
Ethereum Classic (ETC) - April 28hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ETCUSDT 1D Chart) Resistance: 36.26-47.10 As it fell below 36.26, it is showing a movement to enter the mid- to long-term investment area. We need to see if we can find support in the 26.52-29.66 zone and move higher than 36.26. The resistance section of 36.26-47.10 is the section that determines the trend. Therefore, it is important to have support in the 36.26-47.10 section. However, if there is movement within the uptrend channel formed by the mid- to long-term uptrend line, it is likely to move up. It is recommended to proceed after confirming support at 36.26 or higher at the point where buying is possible. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** 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
ETC/USDT : Moving into a falling wedge BINANCE:ETCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $ETC's moving into falling wedge and now it's getting supported by the local bullish order-block at $36. The main movement's prediction is bullish; But as $BTC is getting the weekly close below $42000, It's better to have the possibilities for both side... - Bullish Case; If we get the break-out above falling wedge, I'll locate my Long on a proper retest of higher order-block at $39, Then aim for $40.90 - $44.90 - $49.90 - Bearish Case; If we get the rejection below falling wedge, I'll locate my Short on a proper retest of mentioned order-block at $36, Then aim for $31's S/R zone/line. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
6