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Ethereum Classic / UST

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ETCUST trade ideas

ETCUSDT is testing the supportETCUSDT had a rejection from the daily resistance level around the 22 $ area, which is significant because it has acted as a key level of resistance in the past. Currently, the market is testing the support level around the 19 $ area, which is also an important level for traders. If the market is able to hold this support level, it may provide a bullish opportunity for traders to enter a long position. However, if the support level fails to hold, and the price of ETCUSDT retests it as new resistance, this would trigger a short selling opportunity according to Plancton's rules. Short selling is a trading strategy used by traders to profit from a decline in the price of an asset. In this case, if the price of ETCUSDT loses the support level and retests it as new resistance, it would signal a potential reversal in the market. This could provide an opportunity for short-term traders to enter a short position and profit from a potential decline in the price of ETCUSDT. In summary, ETCUSDT is currently testing an important support level, and traders should closely monitor the price action to identify potential trading opportunities. If the support level fails to hold, and the price of ETCUSDT retests it as new resistance, it could provide an opportunity for short-term traders to enter a short position according to Plancton's rules.
by InkyGrip
12
ETC's Price Movements - Support Levels and Growth PotentialAfter Ethereum Classic found support in the 20 range, its price gradually advanced towards the resistance range of 22-23. However, upon revisiting this area, a significant negative reaction ensued, likely because it coincided with the upper limit of the channel. Consequently, the support level initially identified in the range of 17.34 to 18.42 is being tested once again. There appears to be a certain level of interaction with this designated support. To gain further insights, observing the 4-hour timeframe reveals the formation of a descending channel. It would be prudent to monitor the potential breakout of the channel's upper boundary and the resistance range of 20 to 20.50. However, should the current support be breached, the price decline may persist towards the 17 range. Hence, the support level at 17 serves as a more robust reaction zone, offering a possibility of Ethereum Classic resuming its growth trajectory.
by MonoCoinSignal
4
ETCUSDT | UptrendIn the 4-hour time frame, ETCUSDT has currently broken out of its minor bottom neckline, which is a good indication that it will make a higher high according to Dow theory. Additionally, there is a double bottom pattern, and ETCUSDT has successfully broken out of its neckline. According to that pattern, its projection is at $21.30, which is our final target profit. We entered at the current market price (CMP), and our first take profit level is at $20.50 with a risk and reward ratio of 1:1. ETCUSDT has a weak low at $19.10, which is a strong support area. Its resistance levels are at $20.20, $20.50, and $20.73, with a strong resistance at $21.30, which is our final take profit level. We can also see a minor retracement to $19.70, which is a higher low, and then we can expect a higher high to $20.58, which is highly likely to be tested because there is a Fibonacci golden number of 0.382.
Long
by awaisulabdeen
ETC - Massive price movement coming! The enormous triangle currently displayed on the chart represents the price trend that ETC has been following since August of 2021. A successful breakout from this particular pattern is likely to result in a significant price movement for ETC! If the price breaks below 16$, a move down to 10$ may happen! Current market conditions suggests that many altcoins are exhibiting a bearish outlook, with a considerable number of them having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins are likely to suffer significant losses. It is my projection that a decline of at least 50-70% in altcoins may occur prior to August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021. Regarding Bitcoin, it is possible that it may soon reach 25k so trade safe ------------------------------------------- About BTC: It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present. Upon examination, it is also evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
by MBM_Crypto
2
ETC - Massive breakout possible! The price is brushing the upper trendline of the triangle and a breakout is possible! The idea is: Buy when the price breaks above 25$ and take profits at the levels shown in the chart. Targets: 1. 28$ 2. 32$ 3. 37$ 4. 47$ 5. 53$ ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit! ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Long
by MBM_Crypto
40
ETC/USDT had still room for fall! Hey guys 👋 Another coin that we will be looking into today is going to be ETC coin here with a nice potential to fill some more gaps on lower zones (around 5-6% drop). Now all we can do is wait and see if price will reach that zone and once we are near the trend we will be looking for some entry for position! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowPremium
4
ETC/USDT Technical Analysis: Potential Breakout on the HorizonETC/USDT Technical Analysis: Potential Breakout on the Horizon Ethereum Classic (ETC) is currently trading at $19.60 against the US Dollar Tether (USDT) on the 1-hour chart. Technical analysis suggests that a potential breakout may be on the horizon, with the next target being $21.14, a 7% increase from the breakout level. LTF (1H) Chart Analysis: Looking at the 1-hour chart, ETC is hovering near its breakout level, which could lead to a bullish move if broken. If the breakout occurs, the next target will be $21.14. However, if ETC is rejected from this level, we could see a drop in price back down to the HKEX:18 - HKEX:19 range. Resistance and Support Levels: The current resistance level is at $19.75, while the support level is at $19. This means that if the breakout occurs and the price goes above the resistance level, we can expect bullish momentum. On the other hand, if the support level is broken, we may see a bearish trend. Takeaways: ETC is currently trading at $19.60 against USDT. The 1-hour chart suggests a potential breakout on the horizon. If the breakout happens, the next target will be $21.14. A rejection from this level could lead to a drop back down to HKEX:18 -$19. The resistance level is currently at $19.75, while the support level is at $19. Conclusion: Based on the technical analysis of the ETC/USDT pair, a potential breakout may be on the horizon, with a next target of $21.14. However, it's important to keep an eye on the resistance and support levels to gauge potential market movements. If the support level is broken, we could see a bearish trend, while a breakout above the resistance level could indicate bullish momentum. As always, traders should conduct their own research and exercise caution when making trading decisions.
Long
by CryptoPatel
1
ETC/USDT Breakout? Hey guys 👋 Another coin that caught our attention here is ETC coin with a good potential of breakout to happen of 1hr chart. We are looking at that resistance zone which can be broken anytime for some further bullish movement here! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
13
ETC BULLISH BREAK!ETC Breaks a descending wedge pattern on the WEEKLY. That means extreme price pumps are about to happen. It is just breaking it now and RSI is looking healthy at the mid range , slightly bullish. Bullish target: $ 36.00 NOTE: on the log chart it's still stuck in a bullish flag (parallel channel)! This is a bearish sentiment. But from FIB levels and RSI this is looking very good! ETH has been pumping and ETC is quiet ... that means it's due for a rise! TAKE A LOOK AT THE LOG CHART:
Long
by BARSTrading
✴️ Ethereum Classic Long Consolidation, The Bright SideIt's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022. I will go through the whole thing because many people are new. We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave. ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level. The bright side of this, the good news. The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support. This might be the last time we see this Altcoin at HKEX:20 something... Once it moves up, it will go strong and it might never come back down. If it does move back, then this would be the bottom/higher low, near the current price. The longer the consolidation phase in duration, the stronger the bullish breakout when it comes. It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term. Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars. Namaste.
Long
by AlanSantana