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Ethereum Classic / UST

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ETCUST trade ideas

Price Correction ETC has seen remarkable growth, surging over 80% from the strong support level of $13, reaching the resistance range of $22-23.3. However, this resistance level triggered a significant negative reaction, leading to a substantial profit-saving phase for buyers. As a result, the price has entered a correction wave. Notably, both the weekly and daily time frames indicate an overall upward trend for ETC. However, it's worth noting that the correction process may take some time. In the short term, the 4-hour timeframe shows a dynamic support level that is crucial to monitor. A forceful break below this support line could signal a potential retracement towards the $17 support level. On the other hand, if the demand at the $17 support level increases, accompanied by a rise in trading volume, there's a likelihood of a short-term upward trend resuming, and the price could move towards its previous resistance levels. As of now, the Relative Strength Index (RSI) for ETC on the daily timeframe stands at 52. An RSI of 52 suggests that the currency is in a somewhat neutral state, neither overbought nor oversold. It indicates a balanced market sentiment, where buying and selling pressures are relatively stable. Traders and investors should keep a close eye on how the RSI evolves alongside price movements to gain further insights into potential shifts in market momentum.
by MonoCoinSignal
7
ETC/USDT | 1d 👀History Doesn't Repeat Itself, but It Often Rhymes. ⭐️ The future is bright for Cryptocurrency. 🚀 The Altcoins are set to grow! ✅ Stay updated on market news and developments that may influence the price of EthereumClassic. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Cryptocurrency #Crypto #Coins #Altcoins #Finance #Trading #ETC #Cryptomarket #EthereumClassic #Futuresr
Long
by Nyskohuz
✴️ Ethereum Classic Update | Why Does It Take This Long?One of the oldest living human being in this planet said that the stock market is a mechanism that transfer wealth from the impatient to the patient... And this is true, I am paraphrasing but this is what legendary trader Warren Buffet said at one point in his very long life. This is the situation we have now with the Cryptocurrency market, patience is key to succeed . See how Ethereum Classic is now back above EMA50/EMA100, or close to those levels, which puts the pair back into sideways trading or consolidation. The June drop/low can be considered a shakeout or a stop-loss hunt event. This is extremely good because it means that the weak hands have been removed and the market will grow with those that decided to hold and wait. Here is the thing, after the 10-June low we have the highest daily buy volume in a year, this is how it starts. Back in 2022 we would see first a high volume day after a long-term low and this is followed by massive bullish action and growth. Last month move was the final shakeout, growth comes later this month or early the next one. The chart is saying that we still have to wait, regardless of the price swings, the bulls have the upper hand. Last year we had a small consolidation phase that led to a small bullish wave. This year we have a long consolidation phase that will lead to a strong bullish wave. That's how it works, whatever happened before, you get the inverse. If it was fast, this time it will be slow. If it was big, this time it will be small. The bullish wave was nice last year but still weak when compared to the bigger picture, this year it should be big and strong when compared to past action and the Cryptocurrency market as a whole. Let us be patient. Think long-term. Thanks a lot for your support. There are charts where I give the long-term targets for this and other pairs, you can find them in the "Related Ideas" below. Always make sure to check those out for additional information. Namaste.
Long
by AlanSantana
2
🚨 Trade Update: ETC/USDT (5-10x)🚨 Trade Update: ETC/USDT (5-10x) 📉 Short Entry: 18.50 - 19.70 OTE (Optimal Trade Entry): 19.16 SL: 20.38 B/E Move: When it moves close to TP2 TPs: Short Term: 18.30 - 18.10 - 17.80 - 17.40 - 17 Mid Term: 16.50 - 16 - 15.3 - 14.4 **Disclaimer: Past profits do not guarantee future results. Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis. EDK FORUM TRADING®
Short
by GISTRADINGLLC
ETC/UST 1D ReviewHello everyone, I invite you to review the ETC chart on the one-day interval. As we can see, the price did not manage to stay on the downtrend line and was quickly reversed. After unfolding the Fib Retracement grid, we see that the price is holding just below the support at $19.19, the next support is at $16.69, then the third support at $14.84, and when we go lower we have a fourth very strong support at priced at $12.57. Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $21.67 with the downtrend line, then resistance at $24.15 and then the price will move to resistance at $27.26. At this point, it is worth including the EMA Cross 200, which indicates that the ETC attempted to return to a strong uptrend, but it was a false break and a quick return. The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the continuation of the downward trend, while the RSI has approached the middle of the range, so the move will be based on BTC price jumps.
by cryptodailyuk
ETCUSDTThe current situation of Ethereum Classic is as follows: In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days. Now we are witnessing a price decline from the top of the channel. In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel. But why $18? In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Long
by Madoir
3