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ETC | Bullish Flag? Will The Price Rise More?ETC | Bullish Flag? Will The Price Rise More? As we all know when the news about the ETH merge and the upgrade from POW to POS we saw that ETC made a very nice bounce. All was related with the fact that the miners would have moved from ETH to ETC or other coins and ETC had higher chances for mining. However, the market is still expecting and the situation is not clear yet with ETH Fork etc and now ETC is still waiting. The price is developing a very big bullish flag pattern. For some time I am expecting the price to move between 30.5 and 45.40 The price can develop in this area for a long period of time. Once the price jumps above 45.5 it means that something good happened and the price should continue to grow more. Thank you and Good Luck!
Long
by KlejdiCuni
9
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS The last hours were very tense and accompanied by increased volatility If the ETHUSDT price reacted with moderate growth Then the ETCUSDT price look like is preparing for rapid growth. In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44 Well, then the way will be open for growth in $80 are a Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21
Ethereum Classic Wyckoff RE-AccumulationMost are familiar with accumulation/distribution schematics but, most are not familiar with reaccumulation schematics which you find in STRONG markets & have many similarities to distribution. There are a few ways this can go moving forward. The main thing to look for is the creek forming and the volume when the price action comes down to the lower of the range again. Being that ETC has alot of miners jumping back over to mine ETC since the ETH merge is right around the corner ETC has some strong price action coming in. Here are the definitions for the for the accronyms on this RE-Accumulation schematic for a better understanding of each move. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
by Savvythe1
ETCUSDT - Targets and Stoploss - Interval 4HHello everyone, let's take a look at the 4H ETC to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 37.51 T2 = $ 38.41 T3 = $ 39.29 T4 = $ 40.52 and T5 = $ 42.14 Now let's move on to the stop loss in case of further market declines: SL1 = $ 36.49 SL2 = $ 35.58 SL3 = $ 34.90 SL4 = $ 34.19 and SL5 = $ 33.17 Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator indicates that we are entering an uptrend locally.
by cryptodailyuk
1
Ethereum Classic formed bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Ethereum Classic (ETC) with BTC pair. Previously ETC was very close to complete a Gartley pattern , but pumped before the completion: Now on the 4-hr time frame, ETC has formed another bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low and RSI is setting a lower low. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
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.
Long
by parissap
10
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. Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
35
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.
Short
by Mgalih
1