Etc
bullish flag can make another leg up for ETC#ETC/USDT
$ETC had more than 140% increase since my analysis from 6/12/2022 and broke out from descending trend line.
🐮 now price shaped a bullish flag pattern and we just need a confirmation of the weekly candle to close above the channel.
so if we have this confirmation price can increase toward 1.618 fib level of last swing high (which is between upper trend lines) to complete flag Pattern and also it can be AB=CD pattern that can be complete.
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline .
If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset:
If you connect these closing price and draw the line, it becomes a line chart:
Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes:
Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red:
Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target:
Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout.
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CryptoCheck
BNB SHORT ?Binance Coin is still getting stronger. The coin's price rose to a high of $335 during the previous week as it continued to move in the overbought market, completing the week there. The $350 next resistance line has not been tested this week, leaving it for the next months.
The RSI moved above level 70 for the entire week, indicating a clearly overbought market side. This is another sign that this coin will soon reverse course. Moving average of 50 days began to converge more strongly toward MA200, but there is still some space between the two lines, indicating that it will be some time before the golden cross is attained.
Given that the currency is moving in an overbought zone, technical indications suggest that a short-term reversal in the price of BNB is imminent. In this regard, BNB may test the support line at $300 in the next days by moving toward it. Based on past data, the $330 level is merely a temporary stop for BNB; therefore, the $350 resistance line may be its next objective in the near future.
#ethereumclassic #etc #ETC #EthereumClassic is still on the retest zone. 51.9 #USDT is very strong resistance if #ETCUSDT decides to go upside (by minor impulse). 78 usd level must be the top, if #btc allows to pump so hard. Losing 31 #usd is very critical for $etc Not financial advice. I'm neutral for ETC because of market conditions.
BTCUSDT | Anchoring over an important area.Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️ For Bitcoin, we received a reaction from the buyer in the $18.500-18800 zone (marked this range for adding positions in long)
▫️Over the past week, the $19.500 level has been a strong support which is now a strong resistance. I think that the main goal for bitcoin by the end of the week is to gain a foothold above the $19.500 zone in order to achieve the local goals of $21.500-22.000 that I noted earlier in my video review.
▫️It is also worth paying attention to the S&P500, the price is moving to $4,000, if it successfully fixes above this zone, I expect the bullish mood in the crypto market to continue.
ETC- ''So close no matter how far'' It takes one key level to Buy/Sell and it can really make us money as much as it can go wrong. In any case, with the Ethereum merge coming closer volatility is almost a guarantee on Ethereum Classic, more than Ethereum itself.
Levels:
31.17 is the key level here, acting as support at the moment.
Very likely to be revisited as the price is below 34.46 resistance
42.60 is the roof for now. I got lucky to be honest and exited yesterday on time
22.99 is the level I personally will buy Big if we get to go there.
Yes, everything is possible so prepared for everything here.
If 31$ is lost the distance to 23$ is just like Metallica's 'Nothing else Matters' song:
''So close no matter how far''
What do I mean? Look at yesterday's 32% rise and back. That's exactly what i mean.. 30% is 'Far way' yet it was only a matter of hours, thus so close!
Those with patience and a plan can get rewarded. Hope my chart can help (you and me)
One Love,
the FXPROFESSOR
ETCUSDHELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ETC/USDT 4HOUR 😊Hello to the respected members of TradingView 🥇🎯
Ethereum Classic was able to break its 200 EMA to the upside again.
Currently, the price of Ethereum Classic is hitting the ceiling and floor of the blue channel, and the price has also reacted a lot to the midline of the blue channel, so the blue channel has high credibility.
If the price stabilizes above the $45.70 level. It has the ability to achieve the targets of $51 and $57.
Otherwise, the price with the break of the $31 level and also the break of the green daily trend line, the level of $28 and the daily support of $25 is the barrier to the price of this currency.
Arztoday Team 🎗
ETC USDT LONG SWING | ETCUSDT | LONG @ 34 - 36.5 | TP @ 37, 37.5, 38, 38.5, 39 | SL @ 29 | PATTERN = BULLISH PENNANT | COINBASE |
Breakout can also be seen on lower time frames, as well as retest of 200 EMA/MA
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ETCUSDT COINBASE:ETCUSD BYBIT:ETCUSDT KUCOIN:ETCUSDT BINANCE:ETCUSDTPERP FTX:ETCPERP BINANCE:ETCPERP
Ethereum Classic (ETC) - September 6Hello?
Welcome, traders.
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Have a good day.
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(ETCUSDT 1D Chart)
1st resistance: 40.76-43.40
2nd resistance: 47.10
1st support: 36.26,
2nd support: 30.50-32.78
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, the key is whether the 36.26-47.10 section can be supported and rise.
In particular, we need to see if we can move above 40.76 to break out of the medium-term downtrend line.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 35.47
TP2= @ 38.11
TP3= @ 41.22
TP4= @ 45.72
TP5= @ 48.31
SL= Break below S2
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 35.47
TP2= @ 38.11
TP3= @ 41.22
TP4= @ 45.72
TP5= @ 48.31
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️