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ETHEREUM CLASSIC, Massive Breakout With Further Pump Ahead!Hello Community, Welcome to this analysis of mine about the Cryptocurrency Market. As the new year 2022 has emerged there are important coins within the market which show up with interesting developments especially as the volatile movements increase therefore it is reasonable to watch for picked altcoins within the market that are likely to unfold further potential and determine important patterns to move on with. In this case, as I analyzed the cryptocurrency market I found Ethereum Classic with recently completed a paramount formation on high volatile movements in the market and breaking out above the upper boundary of the broadening wedge formation as it is marked in my chart. This is a very strong movement by Ethereum Classic which is suggesting further movements to wait around the corner. Besides the completion of this major formation, you can also watch how Ethereum Classic is developing this confirmational triangle formation above the upper boundaries and is now about to setup further waves in this direction especially once the triangle formation has been completed with a breakout above the upper boundary as seen in my chart. Once Ethereum Classic has shown up with these developments the targets in my chart will be activated and Ethereum has a solid high likelihood possibility to reach out to these target zones in the upcoming times. It will be an interesting journey ahead. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.
by VincePrince
12
Double bottom patternETC has gained more than 20% in price in the past day. Ethereum Classic, which had formed a double-bottom pattern above the $15 support area, confirmed the pattern with support from buyers after breaking through the $17 area resistance and continued to rally near $20. With this buying pressure, the price has left the medium-term downward channel, and if the price enters the corrective wave, we can expect a pullback to the ceiling of the broken channel in the range of $17. However, note that a strong upward trend in the 4-hour timeframe can have a shallow correction. Therefore, the first support level is considered to be in the $18 range, and if we see signs of support, we will expect the price to grow.
by MonoCoinSignal
28
✴️ Ethereum Classic Moves Past EMA50Ethereum Classic (ETCUSDT) managed to move above EMA50 to the upside. This is the first time this happens since July 2022. Now, can it stay above EMA50? We have the long-term higher low and basically the exact same conditions as we did last year. The prognostications look good. We can't say if it will or will not stay above this level. The technicals are bullish and we can expect additional growth but here is how really things work... If ETCUSDT moves back below EMA50, the mid-term bullish bias is lost. Staying above this level and the bulls remain in control. We got the breakout... It is for the market to decide how things will turn. We should see growth for 1-2 months... Hopefully! Namaste.
Long
by AlanSantana
1
ETC/USDT Main trend. Triangle (pennant). Psychology. Pamp.The coin is the "parent" of the expensive ethereum. Coin in the coenmarket : Ethereum Classic Major trend. Which has formed a large upward channel. Timeframe 1 week. Huge pump (fractal repeat of 2017 May). Pullback. Which formed a triangle (potential upward pennant canvas) in case of a breakout of resistance and the price going up to the upper limits of the channel. Zones of levels to work showed on the chart. Hamsters and "experts" recommend to buy now and even before the decision of the local trading situation on the triangle. After all, the price is now about +1500% of the average accumulation price, and from the bottom of the channel more than +2000%. This is the best time to buy "Hold" and it is very important, if the triangle will be broken through and the price will grow to the resistance of the outer channel, then in no case do not sell, otherwise the main postulate of hamsters and expert bloggers will be broken: [BUY IN THE MAXIMUM, AND SELL MUST ON THE LOW IN THE POCKET!!! . There are two potential position reset zones. The price is in just one of them right now. But that does not mean that there will not be waves. For example, on DOGE the position is reset with a partial payoff (pours when holding zones), but the price is growing and significantly. But this is relevant for traders (real, not imaginary), people who are good at risk management and know how to work on the situation, and not the situation leads their emotional decisions and unpreparedness if the price goes against their expectations. My previous work on this coin. Posted when the price was in accumulation before this pumping. Working in and out of a horizontal channel. Not a public trading idea. Published 09 26 2020. ETC/USD Local work. Potential entry points Press play on the chart, press the left button and pull the chart up, you will see the exact level of the first reset of the hamsters position 43,221. The price at the pumpe is pushed much higher (no sellers, all liquidity and sales are absorbed at the lower values, usually near the accumulation resistance zone up to +100% of it), so weak market participants are not afraid to buy "cheap" when they see the previous price. The more expensive the price, the more willingly the weak (stupid, lazy) market participants buy the asset for the long term. Most people are afraid to buy cheap and without a team. Everything cheap to them is scam, but if scam goes up in price, it is whitened in the eyes of stupid market participants. It becomes no longer a scam. There is already a cult of believers in the next crypto phantom of promise. They foam at the mouth to defend their stupidity. Admitting their mistakes confirms the former stupidity of man. Not everyone is capable of this. A foolish person does not see what was in the past, but only what he has fantasized about. Consequently, he only sees the potential very expensive price, but doesn't see what the price was in the accumulation just 1-2 months ago before pumping. Buying +1500%-2000% is common for the likes of him. It's useless to prove it. The programmed man of the crowd thinks only by its opinion, single conscious thoughts with a difference from the main mass will be crushed in a moment by "experience and expert opinion of the majority". The man does not trust himself, he trusts the majority. The crowd always loses. The rare win is nothing more than a planned tactical move to direct the game background of the characters to shape the reality of the players in their game. Play with dignity, think for yourself. Don't be background characters and "stock players" in someone else's game. Even your erroneous self-made decision is true, at least at the time it is made for you, even if it ultimately turns out to be not quite right. Of your many truths right and wrong is not an easy path to truth. Publication 10 01 2021 Non-Public Work. ETC/USD Mid-Term Work +3100% from accumulation lows/maxims. Over +1000% profit in areas of acceptable liquidity. Local work. This triangle on a large scale . ETC/USDT Secondary Trend Pivot Area Triangle 327 In order to make money in the market, you need someone to give you money all the time. If no one is giving, no one is making money! The cryptocurrency market is super profitable, so giving money away is a super fantastic percentage. I've attached my previous work on this trading pair over the past 3 years under the idea.
by SpartaBTC
7
ETC/USDT Secondary trend. Channel. Accumulation and distributionSecondary trend. Timeframe 3 days. Which formed a downward reset channel with a significant 108% move after a huge +2000% to 3000% pump. This is what happens when a coin is "forgotten about by all," not advertised in the news, and accumulated for such a long 2.2 years. The real ether. The “green” parent of the expensive “black” ethereum. Coinmarket Coin: Ethereum Classic At the moment the price is approaching the uptrend of the main trend (long-term). Dynamic support (green) of the large channel. The medium-term reversal zones of the secondary trend are shown on the chart and circled in yellow, on which (breakthrough / not breakthrough) depends on the further development of the trend. The graph shows the accumulation and distribution zones. Zones of smart and stupid. Position resets. "Waves of interest" with price retention is expensive 1—distribution zone. Formation of a 6.5-month triangle). -61% from the reversal level of the triangle breakout. 2—zone after the triangle breakout. Formation of the descending channel. The whole drop is 10.8 months (327 days). The price is now at the “Hamster Pump” peak zone (buying back liquidity “expensive” from those who didn't want to sell cheap) $17.22 - $20 before a huge pumping +2244% of the average set price. Accumulation in the horizontal channel, 2.2 years. The channel is 100% $3.78 to $7.35. Average liquidity set price of $6. Maxima—$13.18 (redemption of coin volume “expensive” for subsequent failure under market dump). Minimums—$3.1 (market dump 13 03 2020). Expensive and cheap ether. Mining. Ethereum is moving to version 2.0. There will be a transition from proof-of-work to proof-of-ownership, and mining on video cards will cease to be profitable. This will happen in the second half of 2022, perhaps even this summer. This very unpopular and painful decision (inevitable) has been dragging on for 3 years now. It is very likely that this year will be the end of this problem. It's not hard to guess which cryptocurrency the miners who mine ETH now will most likely switch to. Consequently, it can very positively influence ETC price. For those who don't know, let me remind you. ETC is the true ether. ETH is a fork. Forced fork, to get back stolen ETCs during attack on DAO (just to roll back transactions of “hackers” wallets). That's how 2 Ethers came into existence. ETC (limited quantity of coins) and ETH (unlimited quantity of coins). Of course, they began to promote and develop centralized fork, that is ETH. The whole story about birth of ETH with ETC and the story (real imitation) with hackers attack on DAO and stealing of ETC coins was made just for “birth” of more centralized crypto-mint for testing technology, especially smart contracts on it. Under the idea fixed my previous trading ideas for this coin, including closed (pre-pump recruitment zone).
by SpartaBTC
19
ETC(Ethereum Classic): +20% In One Week...What's Next?ETC(Ethereum Classic): +20% In One Week...What's Next? This is an analysis that I shared one week ago. The first bullish move was perfect + 20% profits so far. So if you are happy you can close these profits also here:) However, the price completed this beautiful harmonic bullish pattern and it can be a good signal that the bullish wave should be ready soon. PS: If all will be well regarding the fundamental outlook of the crypto market the price should rise again from this point. Targets: 🎯 20.46 🎯 22.46 🎯 26.63 🎯 31.25 🎯 39.30 Thank you and Good Luck! Previous Analysis:
Long
by KlejdiCuni
18
✳️ Ethereum Classic vs Bitcoin Fully Mapped (70% to 198%)We have a lovely chart here for Ethereum Classic vs Bitcoin (ETCBTC). We've done multiple analysis on the ETCUSDT pair for you, we hope you are enjoying them but the bitcoin pair is actually our favorite... We like bitcoin pairs because the more bitcoin one can accumulate the better. ETC peaked in September 2022. A strong and long correction followed. This correction hit a low 19-December, which is 104 days from peak to valley. We say that cryptocurrency trading pairs tend to correct between 2-3 months. Here we have a perfect 3 months correction. Support is found right at the 0.786 fib. retracement level relative to the bullish wave that started in mid-June. Now we have a bullish candle as prices move above EMA10. This is how it all starts... First a low/bottom, June 2022. The main wave starts and peaks September 2022. Second comes the correction that ended last month with a higher low. And in January 2023 we resume the growth. Additional details (targets and support) on the chart. Namaste.
Long
by AlanSantana
5
ETC - The classic twin bottom pattern is formedOver the past two weeks, ETC has recorded a range trend at the support level of $14.71. While swinging on this support, the classic double bottom pattern is formed, and if the neckline resistance of the pattern is broken, i.e., the break of the $16.75 to $0.17 range, we can consider the pattern confirmed. The price target after confirming the pattern is considered in the range of 18.90 to 19 dollars. Because this resistance is outside the short-term descending channel, we can have a mentality of possible breaking of the channel ceiling. Of course, this breaking could be fake because in the current downward trend, the power of the bearish candles is greater, and still, because the pattern's neckline is broken, the trend in the 4-hour timeframe can also be bullish. Therefore, pullbacks will face demand for support. The downtrend line on the RSI is being broken, which could be a good sign for this week. Of course, if the last daily candle closes well, we expect this upward movement.
by MonoCoinSignal
6
✴️ Ethereum Classic Part 2 | Can It Go Higher Than $45?Part 1 is the July/August 2022 bullish wave... It is hard to believe but its been more than 4.5 months since the last high. Cryptocurrencies tend to correct for 2-3 months, normally... This time it has been already 4.7 months and we are still within a higher low. What this means is that the next bullish wave is overdue. Even on another shakeout, it gets closer and closer with each passing day. Higher lows lead to higher highs... So there is potential for Ethereum Classic to go above $45 . See the chart for additional information. Namaste.
Long
by AlanSantana
2
Ethereum classic ETC has almost reached the bottom!Hello, traders! Last couple of days we told about we told about crypto assets which have to dump significantly before reaching the actual bottom. Today we have Ethereum Classic which in my opinion has only 20% potential dump before the new bull run . ETCUSDT showed the wonderful corrective wave C which caused the FOMO and hit $45 , but after that the ending wave 5 became the huge disappointment for hurried traders. This wave has the clear internal structure. Minimal Awesome Oscillator value helps us to find the bottom of the wave 3. The entire cycle can be drawn using the wave 3 point. I suppose now ETC is in wave 5 inside wave 5. It has the natural target $12 where I am going to buy this cryptocurrency. Even if Ethereum Classic is a scam the buyer reaction is anticipated from this level because it’s the huge liquidity are. The guaranteed target is the 0.61 Fibonacci at $30 , therefore we can make an easy 2x . I am going to execute this trade. Best regards, Ivan ________________________________________________________________________________________________ If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
by Skyrexio
3
ETC: Price Finally Completed a Bullish Harmonic PatternETC: Price Finally Completed a Bullish Harmonic Pattern After so many days the price completed a harmonic bullish pattern which I have shared before. Trading volume is very low since FTX dumped the entire crypto market. However, the price completed this beautiful harmonic bullish pattern and it can be a good signal that the bullish wave should be ready soon. PS: If all will be well regarding the fundamental outlook of the crypto market the price should rise again from this point. Targets: 🎯 20.46 🎯 22.46 🎯 26.63 🎯 31.25 🎯 39.30 Thank you and Good Luck!
Long
by KlejdiCuni
11
✳️ Ethereum Classic vs Bitcoin Has 100%+ Potential Or MoreLook at this signal, the RSI for Ethereum Classic (ETCBTC) hit its lowest level since November 2020. Last time this same level was hit on the daily RSI ETCBTC went on a massive bull-run, the biggest in its history. The entire wave produced a total increase in price of 1,816%. A strong/long-term support level has been activated. There is potential for a bounce at this level. There can be one final drop or a period of consolidation before the bigger wave. The time horizon is between January and March 2023 for this bullish wave to take place. Get ready... Be prepared! You've been warned, in a positive way. Time will tell of course. Namaste. Legend: ✳️ = Altcoins vs Bitcoin | ✴️ = Altcoins vs Tether | 🅱️ = Bitcoin | 📈 = Index | 💾/💿 = Stocks/Conventional Markets
Long
by AlanSantana
ETC - Technical review and analysisThe price of Ethereum Classic is in a downward trend in many timeframes. A decline in price to the considered support levels is expected. The first support range is $17.75-$16, and there is a possibility of breaking this level due to the lack of buying power. Therefore, closer but more important support is considered in the range of $14.90-$16. If the price hits this level and forms a possible positive divergence, we can expect a positive swing from This range to be seen up to the ceiling of the descending channel. This support area overlaps with the midline of the main descending channel, and given that the biggest bullish wave of the past few months started from this level, a return to this area could activate some dormant buy orders. We expect the price to return only in case of a good and strong reaction.
by MonoCoinSignal
1
Ethereum Classic(ETC) is preparing for the fourth BIG move!As you can see on the chart that my indicator showing Ethereum Classic is preparing for the forth Big move! The first volatility warning signal happened on June 10 with the drop of 35.90% The second volatility warning signal happened on July 17 with the pump of 212.75% The theird volatility warning signal happened on Oct 11 with the pump of 23.78% The fourth volatility warning signal has been maturing..... I am not going to predict the direction of this movement. I will follow the trend when there is a big dark(red) or White(Green) occurs.
by CycleStudies
1