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ETCUST trade ideas

Understanding Price Movements in Stocks and CryptocurrenciesA person's mouth can lie, but charts do not lie. The first chart is for a stock called Palm Story, and the second is for Ethereum Classic. Palm Story (2021-2022) Ethereum Classic (November 2023) The two charts above are quite similar. For those who know nothing about charts, it might take 1 to 2 years to understand these reasons. Commonalities: Large Trading Volumes at Specific Price Levels: You can see that trading volume increased significantly at certain price levels on both charts. Volume Increasing During Uptrends: It is crucial to note that trading volume spikes during uptrends. Questions: Can High Trading Volume Indicate a Trend Reversal? It depends on the situation. Typically, one reason for a significant drop from high levels is a decrease in trading volume. When trading volume decreases gradually, the price may either rise further(not much) before dropping or create a double top. If volume continues to decrease and there’s no one left to absorb the supply, a significant decline occurs. However, if someone buys heavily to counter a downtrend, the price might continue to rise, similar to a bull market. Thus, I dislike decreasing volume. Analogy: It’s like choosing to eat cold food instead of warm dishes at a buffet. Volume Decreases During Corrections: The average trading volume decreases, while volume spikes only during significant price increases. This indicates that while public interest diminishes, some individuals are quietly accumulating shares at specific price levels. Long Wicks and Closing Prices: In Ethereum Classic, the long lower wicks in the recent sharp drop (watch the closing price) are significant. Note the closing price: they tend to close around similar levels, suggesting difficulty in accumulating above certain levels. You can observe similar behavior in Palm Story’s closing prices at specific levels. Bull Traps Exist: In a major trend, accumulation occurs, but short-term bull traps are common. Bull traps, however, do not determine long-term trends. When a bull trap forms, prices often drop sharply. Support and Resistance: It is crucial to recognize that important resistance levels turn into support and that breaking resistance often leads to significant upward movements. Can Beginners Catch This from the Chart? It is challenging to grasp these details without closely analyzing the chart. Understanding these nuances usually requires 1-2 years of trading experience and not just reading books. This is just one aspect of chart movements, and there is a significant difference in detail and skill between experienced traders and beginners who read about it only once. There are ways to predict potential explosions in price movements before they happen. Why Did Palm Story and Ethereum Classic Show Different Movements? Palm Story dropped dramatically, while Ethereum Classic showed tremendous growth. The reason for this is trading volume. Failing to consider trading volume in trading is like going into battle with a firearm without knowing how to use it. Think about this, and if you’re really unsure or have questions, leave a comment.
by Chartanalysistomakemoney
1
ETC/USDT Hello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. On the RSI indicator, we can observe a movement at the lower end of the range, which in the longer term may translate into the expected upward price movement.
by cryptodailyuk
ETCUSDTETCUSDT can double from here with in few years. Sl below the trend line. Chart is self explanatory. Please follow the price action & take the trade as per your appetite. The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research. Request your support and engagement by liking and commenting & follow to provide encouragement.
Long
by peacemaker202444
2
ETC Price Update in 3-Day TimeframeETC has precisely hit the entry range between $14.7 and $16.4. The current price is $19.38, which is a 24% increase from the lower range. The rebound, along with the RSI, indicates a bullish divergence. If the price continues to stay bullish, we are likely to see ETC reaching the $30 range very soon. The targets remain the same, with primary support at $18 and lower support at $14.7. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
Long
by Cryptorphic
1
Ethereum Classic Pre-2025 Bull-Market Accumulation Zone & Strat.Hello my beloved trader and soon to be millionaire, the Cryptocurrency market is preparing to shower us with massive wealth. The true and only way to make money trading Cryptocurrency is by having a well developed plan; by building a strategy before we decide to take action, before buying. 👉 My strategy is super simple: Buy and hold. One of the main mistakes traders and aspiring traders make which forbids them to extract large sums of money from the market, is to believe that they have to buy and sell, buy and sell, "trade," in order to make money. All those that have experience and have gone through their first run in this and other markets can tell you this: They would have made so much more money by simply holding rather than buying and selling. When we have no experience, the buy and selling ends up resulting in major losses rather than winnings. When the bull-market is over, we see that all pairs grew by 10X, 20X and even up to 30X. Then we see our own capital and while it is green, because everything was going up, it only grew by 2-3X. This is because of the countless mistakes we tend to make. Excitement, greed, inexperience and lack of planning are the main causes of lost opportunity. This time it will be different because you are reading this. 👉 You are going to focus, you are going to write it down, you are going to plan and you are going to win. This I know, or else you wouldn't be reading this. ➖ Ethereum Classic has the potential to grow beyond $444 in 2025. ➖ Now, let's say that this prediction is way off for whatever reason, and the market grows only to a maximum high price of $110. Even if this turns out to be the case, my strategy would produce massive gains. 👉 Here is my strategy: Buy everything below $20 thinking of the long-term. Again, buy and hold. That's it, pretty simple. No leverage, no margin, no risk. Buy and hold. That's the sure way to win. Thank you for reading. I hope you can trade long-term and win. Namaste. __ Ethereum Classic | ETCUSDT (Current price $18.26)
by AlanSantana
9
ETC/USDT Trading ScenarioAfter reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
by Rick_SimpleSwap
ETC/USDT 1D Chart ReviewHello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines. Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
by cryptodailyuk
ETC/USD Main trend. Fractal cyclic structureLogarithm. Time frame 1 week. The main trend. Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting. Major trend. Channel. Publication 01 2023 Linear Now in Moment. Local now at the moment. Locally. Let me remind you that from the main zone of the cryptocurrency set (horizontal channel) the average price is now exactly +84%. Compared to other assets, during the transition from the accumulation phase to the participation phase (Dow), the price did not increase very much compared to other cryptocurrencies. That is, a conditionally lagging asset. A triangle is forming . In a localized rising set trend. From this zone, about 40-50% left to the rounded bottom resistance zone (final accumulation phase). Then it will be business as usual, on stocks or liquid cryptocurrencies. Breakout of resistance, perhaps not immediately, but that's not the point. After breakout, consolidation, then re test and news negative/positive. Confirmation, and the beginning of strong, conditionally irrevocable impulsive movements into the zone of “news perspective of this blockchain”. This is when ETH will be above or near $10,000. This will be its first consolidation — a partial reset before being pulled into the final reset (distribution) price zone. In this consolidation, not up to the maximum prices, the progenitor of expensive ether, that is, ETC, as before, will surprise everyone with an aggressive news background. With a high degree of probability, all speculative games, as in the last cycle during pumping, will be “slightly wavy”. Don't forget to sell and don't be greedy... For those who are not traders at all. So which of the hamsters has iron balls, throw in a couple of hundred dollars and forget it, conditional retention without trading for 9, 13 and 19 months. Sold in 3 parts (optional). But, if you don't sell, you will get scared between these market pumping “time zones” and sell everything during the “fear”. If there is profit in advance, then it “warms the soul” and the feeling of lost profits will not play a cruel joke. Money management. Leave a third of the invested money in dollars, for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn money. If the dollars are not spent and the price flies away, do not buy crypto candy wrappers, but buy a gift for your loved ones. I am sure that many hamsters , when a trend allows absolutely everyone to make money, will imagine that they are real traders and decide to increase the number of coins. I am 99.9% sure that on futures (your psychology is known in advance) if you take inadequate risks, you will lose all coins up to half the maximum price. ⚠️ Adequately evaluate your skills and behavior . Therefore, for some people who are relatively poor but want to become rich, very quickly, it is better not to trade or even be interested in the market until the market is in the distribution cycle, that is, the highs (late 2024 and 2025). Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end comes, on the contrary, as not yet a maximum.
Long
by SpartaBTC
1
ETC Chart Update in 3-Day TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: ETCUSDT is in a bearish trend, trading below a significant moving average. The price is approaching a primary support level of around $18, which coincides with a suggested entry range for potential long positions between $14.7 and $18. The analysis suggests a bullish rebound from this support zone with a possible target around $35, implying a substantial upside. Key Observations: ~ Primary Support: $18. ~ Lower Support/Entry: $14.7 to $16.4. ~ Resistance/Targets: $$32 to $37. DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
ETC/USDT 1D Chart Hello everyone, I invite you to review the ETC to USDT chart on a one-day time frame. As we can see, the price is moving below the local downtrend line marked in yellow. To determine support, we used the trend based fib extension tool and after spreading the mesh, we can precisely determine a strong support zone using the red color. Looking the other way, we can determine resistance points in a similar way and here we see the first resistance at $25.49, then the second stronger level at $28.16, the third level at $30, and the fourth at $32. $61. Looking at the RSI indicator, we can see that we have approached the lower limit, but there is still some room for correction, while on the STOCH indicator we have been moving around the lower limit for some time, but now we have a visible rebound, which may again result in a price recovery.
by cryptodailyuk
ETC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETC has been overall bullish , trading within the rising wedge in blue. Currently, ETC is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting strong support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #ETC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4