ETC Update - Turning bearishAn update from the previous idea link below.
ETC has hit the resistance zones as mentioned and we will see a downward movement, as BTC is also coming down.
I do not expect the green support line on the bottom to last very long, and it will break easily if BTC keeps dumping.
ETCUSDT trade ideas
ETCUSDT BINANCEEthereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
ETCUSDT is testing the 4h resistanceThe price bounced exactly in the 1.127 Fibonacci Extension on 17.25$ and the market started with a triangle on 4h timeframe.
now the price is testing the 4h resistance at 24.5$ where the price got a rejection a few days ago.
How to approach it?
the price needs to have a new breakout from the resistance and retest the resistance as new support. According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
ETC/USDT HAS POTENTIAL TO PUMP 70%!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this ETC/USDT update. ETC looks very promising here.
Long ETC/USDT
Entry range:- CMP and more up to $23.90
Target:- 70%
SL:- $22
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
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#ETC/USDT 12HOUR UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
I have tried my best to get the best possible results in this chart.
Hello, dear traders welcome to this ETC/USDT 12chart analysis.
#ETC/USDT LONG TRADE SETUP (SPOT CALL)
ENTRY:-$21.90,$22.60
TARGET:-100%
STOPLOSS:-$19.58
As we can see from the above-mentioned chart that ETC usdt is currently trading inside the falling expanding channel pattern which is a bullish pattern.
Here ETC needs to break above the upper trend line resistance to get Ito the bullish mode.
We can see ETH pumping upward towards the price level of $45 in the upcoming months.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
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ETC/USDTETC / USDT
Located in a short downward channel.
On the other hand, it has been in a long-term upward channel from the beginning.
It lost its $ 24 support and pulled back.
It is expected to fall in the $ 13 range, and as long-term canal floor support loses its uptrend, it could continue to fall in the $ 7 range.
#ETCUSDT #BTCUSD #LUNA2 #LUNC #ETH
Death Cross Forms on Ethereum Classic Daily ChartEthereum Classic (ETC) printed the death cross signal on the daily chart, which is a warning signal that calls for more downside. The death cross signal occurs when the short-term 50-day simple moving average crosses below the long-term 200-day simple moving average.
Death Cross Signal
The last time the death cross signal occurred in October 2021, ETC fell by 62%. However, the last 3 times that ETH saw the death cross, it acted as a contrarian signal. On average, the death cross signal has triggered around a 30% sell-off before bouncing back. A 30% sell-off could send ETC's price down to around the $14 level.
In the short-term, ETC’s price is facing resistance between $24 and $26. Simultaneously, the RSI oscillator is also approaching the 50 mid-level. Therefore, if the RSI oscillator is able to break above the mid-level 50, bullish momentum may come back to the market.
Other Side of the Coin: On the flip side, a daily break and close above the $24 - $26 resistance zone could open the door for a retest of the 50-day SMA, which currently falls at $29.70. Further to the upside, the next major resistance comes around the $37.50 level.
ETCUSDTThis analysis was performed in a weekly time frame. Given that the recent correction is on Fibonacci 61.8%, it is clear that this correction wave could be wave 2 on a large scale. So we are expected to have a big 3 wave ahead. The end of Wave 2 corresponds to Braille-August using Fibonacci time analysis.