Etc
Very Important Candle For ETC (Ethereum Classic)ETC find itself at a critical level of previous strong reistance turned key support and with the current candle dropping below will need BTC to bottom and spring to close this candle above and test the 100 day MA. A break above these two levels would mean a great trade entry.
Bears are Winning this MatchNobody with capital wants bitcoin anymore.
retail jumping in front of a high speed train, thinking theyre grabbing dips.
looks like the sub $20,000 calls you saw a few weeks ago had it correct.
Risk Tolerance is off the table, now that inflation and tapering are part of the MSM narrative
Will ETC hit 90$ in the next big breakout?!Here's a quick look at ETC 4 hr chart. As we can see, the price is still in the falling channel, and depending on what BTC does we will see a move soon. The best entry would be, when the price breaks above the breakout level with good amount of volume.
The idea is: Buy the breakout from the level shown in the chart and take profits at the levels shown in the chart.
Targets:
1. 75.6$
2. 80$
3. 90$
- Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
🔥 ETC Bearish Move ContinuedWith BTC falling, alts are naturally following. Furthermore, dominance is on the rise as of late, which further strengthens the potential fall of alts.
ETC has recently hit the top of the channel, making it an ideal candidate for a potential short trade. Target would be the bottom of the channel.
Always keep an eye on BTC when trading alts in case it decides to go the other way. Wait for proper confirmation of the trend.
Happy trading!
ETC Short Term AnalysisWe might be headed back to retest the 67 line for a retest. On top of a double bottom which shows on the 4 HR, the 1 HR shows bullish momentum and a reverse head and shoulders pattern. Higher highs and higher lows are as bullish as you can get. Those will start to show in the bigger time frames. We are still bullish in the weekly. We need to recover the daily but that may time some time.
If you want to see how it will get there..look at the previous pump to 67. It won't be like that, but it will be similar.
ETC BREAKOUT LOADING, Is $93 NEXT OR $32 ? #BLESSEDPIPSBeen following this chart for weeks, support held well at $66 looking for price to head to the next pivot point on the fib at $93. We could see a rejection at $78 ? This will be interesting to see if the cryptos bull run will return in full stride.
Please comment and give feedback.
#BLESSEDPIPS
ETC 1D Global Picture: Where to Sell and Where to BuyYour attention is the global picture on the ETCUSDT chart
At the end of last month, the Ethereum Classic price made a good x6 rally in less than two weeks , after which a correction phase began.
Later, the corrective fall accelerated the fall of the entire crypto market.
But there is also a positive point.
The fall was aggressively bought out from the $40-50 zone , and this is essentially the absolute maximum in 2018, which could not be updated for 3 years.
On daily candles, the ransom formed large shadows from below, and the candlestick bodies closed above the $47 level, testing the liquidity zone for strength.
This alignment of events gives hope that the price of ETCUSD may rise again to the price range of $115-125 .
In this area, you should cover the longs and look around.
Since further there can be two scenarios:
1) Fixing the ETC price above $115-125 will give a chance to think about the next global target in the $260 area.
2) If the negative background continues to dominate on the crypto market, then it will be possible to place buckets for purchases in the $20-30 zone, because this is the next liquid zone, which is below $50.
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Ethereum Classic attempt Hello Trenders,
Here a quick update of ETCUSDT.
Triangle formation.
I see a potential breakout with a first TP to 80 USD Zone then probably a retest support to confirm positive trend.
Few indicators support the idea but I see hidden divergence and triangle push towards price action.
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