Etc
ETC going 35 or below?Weekly timeframe looking bearish and shows hidden bearish divergence, would it reach 35 or even below?
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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.
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.
Ethereum Classic not as Ethereum Modern
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are ran exactly as programmed without the possibility of censorship, downtime, or third-party interference.
Ethereum Classic is a distributed network consisting of a blockchain ledger, native cryptocurrency (ETC) and robust ecosystem of on-chain applications and services.
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Ethereum Classic Price (ETC)
$55.98
1.05%
0.0008644 BTC0.48%
0.01207 ETH1.07%
ETC Ethereum Classic: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Ethereum Classic (ETCUSD).
Ethereum Classic price on a monthly chart shows multiple areas of resistance. Price has a chance to move back down with the Fibonacci Retracement levels shown along with 200 SMA and RSI.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETC Ethereum Classic to the moon! 🌝 100.00 + usdMy prediction for Ethereum Classic is a whopping top out price 100.00 + usd. Once it breaks the 40.00 usd resistance level it should appreciate and double it’s value. As you can see it has gotten out of the bottom and is now bullish holding above 13.00 usd. The price should start spiking up and make a quick double top before a small sell off, then it’s off to appreciation. This is my idea! If you take a chance and risk it, the reward may be huge. Invest and trade at your own risk, research, and beliefs. This is not advice.
Good luck everyone.
Just a "classic" Ethereum (ETC) bull flag chartHey everyone,
Nothing special here, maybe a little as I just wanted to share that view on ETC and usually its Ethereum not the "classic" one, because it looks like very nice bull flag with break out and retest played out & it feels to me like a very nice R:R entry.
but there is something furthermore going on behind with ETH & ETC in next months, so I would pay attention to ETC this year.
Trade safe and keep your mind focused
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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ETC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Wave 4 retracement has bottomed out I think. It went further down than what I had counted on the previous chart. We should be working towards the last impulse wave (5).
wave 5 top: $200-250
ETC gained 13% this week after breakout of crucial resistanceThe Ethereum Classic coin has been continuing higher and has gained around 70% of its cost since last week.
The Ethereum Classic coin saw a higher liquidated market; therefore, trading volume has been inclining gradually for the past several days.
The Supertrend indicator generated the buying indication in terms of the daily price chart.
The bulls are feeling safe above the 100-day EMA (yellow), which has been a long volatility red zone. At that point, the holders are preparing themselves to close the daily price candle above the 200-MA line. Furthermore, the 20 and 50 MAs are looking below ETC price on the daily price chart.
Stoch RSI is observing an overbought zone in the context of the daily price chart. It looks like the indicator is about to give a bearish crossover; It remains how the bulls will react to this action. Furthermore, the Average Directional Index is at 24-points, indicating a bullish trend for the Ethereum Classic coin.
No doubt the bulls caught the trend of Ethereum Classic coin and are aggressive about buying but still bullish on their way. Bulls need to manage the price of the coin above the 200-EMA as well as the nearest resistance area.
Support level - $25 and $20
Resistance level - $45 and $60
ETCUSD Still not bullish long-term until this breaksEthereum Classic has had a +45% rise in just the past 2 days and is currently testing the 1D MA200 (orange trend-line). That level has been intact since the November 10 2021 Lower High.
Unless the 1D MA200 and the Lower Highs trend-line just above it break, ETC won't reverse the long-term bearish sentiment and will continue trading within the Channel Up that started at the begining of the year. A break below the bottom of this Channel Up, constitutes a sell signal targeting the Pivot line.
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