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Ethereum Classic | ETC Falling Wedge Indicating Potential For GrEthereum Classic ETC is looking really good on the daily timeframe. Let's focus on the obvious: We have the classic falling wedge pattern, which eventually will be broken. Now I like the spot ETC is currently in. We have these two supporting trendlines, at which we could see some volume flowing back into ETC. I'm short-term bearish as I expect ETC to dip below $30 and in a worst case scenario find support around $25-27.5. Once the price breaks through the upside of the falling wedge, we can position ourselves to take a long trade towards > $40. Let's see how this plays out. Thanks for your support. Have a good one.
Long
by PagaLui
ETC Analysis (for practice) The yellow lines here are the daily unchecked levels I identified. Price seems to be making its way down to check the 28.75 level, with some stops along the way (Stops being unchecked levels within the lower timeframes). The tan lines indicate 4-hour unchecked levels, one of which the price has recently checked (tan dotted line). If there aren't many institute buy orders here at the 4hr levels, we shall see the daily level get checked soon, imo. * This is not financial advice*
COINBASE:ETCUSD
by BcryptoD
3
ETC/USDT : Moving into a falling wedge BINANCE:ETCUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $ETC's moving into falling wedge and now it's getting supported by the local bullish order-block at $36. The main movement's prediction is bullish; But as $BTC is getting the weekly close below $42000, It's better to have the possibilities for both side... - Bullish Case; If we get the break-out above falling wedge, I'll locate my Long on a proper retest of higher order-block at $39, Then aim for $40.90 - $44.90 - $49.90 - Bearish Case; If we get the rejection below falling wedge, I'll locate my Short on a proper retest of mentioned order-block at $36, Then aim for $31's S/R zone/line. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
6
ETHEREUM CLASSIC: SOON READY FOR A 100% MOVE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETC/USDT TRADE setup. ETC looks good here. Ethereum classic is moving inside a bull flag kind of pattern where the breakout is still pending. But looks like it's breaking out soon. After the breakout, I'm expecting a 100% pump in ETC. So buy some now and add more in dips. Entry range:- $36.5-$37.5 Target1:- $44 Target2:- $51 Target3:- $62 Target4:- $74 SL:- $33 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
1
ETC Ether Classic Bull Flag? Ether Classic (ETC) could be ready to go. If Bitcoin continues to trade sideways or push higher, I expect ETC to break to the upside. ETC has a lot of potential with the coming POS transition on Ethereum in which there shall be an exodus of miners. Some may argue this is the very reason that ETC exists, because of the changes coming to ETH. In the end both of these are run by individuals so neither has the shine for me that Bitcoin does, but regardless... Let's see!
COINBASE:ETCUSDLong
by VisionInClarity
Analysis: ETC(Ethereum Classic) is at an Interesting Point Ethereum Classic performed a 2x move last month. After a while of a downtrend, ETC is now consolidating. What makes this coin "at an interesting point"? Let's look at the 4H chart and see what we have. 1. Recent RSI Bullish Divergence, 2. 0.618 Fib support 3. consolidation between 0.618 and 0.5 Fib 4. Falling wedge pattern(usually bullish) While there are bullish signs, there are bearish signs, which are 1. 0.5 Fib resistance 2. Upper channel resistance 3. Price below 4h EMA 100 4. RSI 50.0 Resistance Forecast Price can either go to $30(0.786 Fib support) or beyond $50. It may go down if the falling wedge and 0.618 Fib breaks to the downside. It may go up once the upper channel, EMA100, and 0.5 Fib breaks to the upside. Will update this post as time passes. As an extra here are things to watch out for 1. Upper Channel breakout 2. RSI crossing 50(or 70 for a strong move). 50 is an RSI resistance 3. 4h EMA100 breakout 4. Bitcoin(maybe Ethereum) Prices, may influence the prices of ETC 5. Wedge breakout either way(white transparent background) 6. 0.5 or 0.618 breakout(consolidation area) Thanks for reading this post, stay tuned for my next analysis! Also, if you are willing to, please give feedback in the comments, thanks in advance.
by Trader_ph
ETC going 35 or below?Weekly timeframe looking bearish and shows hidden bearish divergence, would it reach 35 or even below? =================== Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable. READ THIS NOTE!! Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
Short
by CallMeBeginnerTheExplorer
4
Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year. Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling. In the last few hours, we have seen selling increasing a lot. You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control. We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag. We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump. So why do I say BART? Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION. Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
Short
by reiiss7