Etc
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 $60
ETCUSD Still not bullish long-term until this breaksEthereum Classic has had a +45% rise in just the past 2 days and is currently testing the 1D MA200 (orange trend-line). That level has been intact since the November 10 2021 Lower High.
Unless the 1D MA200 and the Lower Highs trend-line just above it break, ETC won't reverse the long-term bearish sentiment and will continue trading within the Channel Up that started at the begining of the year. A break below the bottom of this Channel Up, constitutes a sell signal targeting the Pivot line.
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Ethereum Classic (ETC) Sell ZoneEthereum Classic (ETC) Buy Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
On 4 hours timeframe, we’re still expecting form out bearish pattern, currently its facing out the mid-term resistance zone.
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$ETC/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 39 - 41
TP 1 : 37.35
TP 2 : 35.9
TP 3 : 34.4
TP 4 : 32.9
TP 5 : 31.45
TP 6 : 29.45
TP 7 : 28.15
TP 8 : 26.75
Stop Loss : 42.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Ethereum Classic Bullish Breakout After 300 Days (100%+ Easy)Ethereum Classic (ETCBTC) moved together with the rest of the Altcoins.
It peaked May 2021.
What followed was a correction that latest 300+ days.
We have a falling wedge pattern and higher low...
A bullish breakout is taking place today.
We can expect additional growth...
Thanks for always coming back.
You are appreciated.
Namaste.
ETCUSDT Midhigher to Daily tf Range Updated till 20-3-22ETCUSDT mid-higher to daily timeframe range, i can see only right swing setups that been worked which was safe too compare to other alt's . not as fancy as other alt's in the market. of course its not as easy as to pump it either. its an old alt with lots of holders and the more heavy it is the more money it needs to pump.so not as shinny as its top competitor less new retail interest it get caught but in crypto market we can always expect unexpected.
ETHEREUM CLASSIC (ETC) has hit daily EMA200, lock your profit!!OKEX:ETCPERP
Due to the recovery of BTC, ETC pumped over 40% in 2 days after the volatility warning signals appeared.
The volatility warning signal on December 3 was extremely good. The price dropped 40.72% in one day just after the volatility warning appeard.
ETC Daily analysis :
At present, the price has reached the daily EMA200 long-short dividing line + the previous resistance leael = 2 BUFF
Don't bet on breakthroughs EMA200, lock in profits, and take 50% profit first.
The remaining 50% of the positions depend on the 1-hour or 4-hour trend structure of ETC.
If there is a structure of energy exhaustion, the highs gradually decrease as the lows gradually decrease, close all the position.
If the momentum can remain strong, the highs continue to rise as the lows continue to rise, hold the rest of position.
ETC 1 Hour analysis :
Keep an eye on the 1-hour EMA20 and EMA50.
If the price reaches the support area of these two moving averages, and any 2 of the 4 BUFFs appear, you can go long (the more BUFFs, the safer, the better)
1. Price Patten (Double bottom, reversal h&s,etc)
2. Moving Average
3. Candle (bullish engulfing, Dragonfly doji, hanghing man or hammer,etc)
4. Divergence signals
Summarize :
On the daily timeframe, the price has reached the EMA200 long-short dividing line, and locking 50% of the profit is necessary.
on the 1 hour timeframe, you can find patterns and moving average as low-risk areas to open long position
*The risk of each trade is 0.5%~1% of the total assets, and the maximum risk should not exceed 2%.