ETC fights against resistanceHello everyone, let's look at the 4H ETC to USDT chart as we can see that the price is moving in a downtrend channel.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5 = $37.63
Now let's move on to the stop loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, you can see a sideways movement near the middle of the range, while the STOCH indicator started to reverse from the middle of the range.
Etc
ETC Holders! FOLLOW ME~!Good day, friends!
This is ESS team.
Let's see the ETCUSDT.
If Candle is supported by the lower GREEN uptrend line, We expect that candle breaks through the RED long-term downtrend line.
The waves that supported the lower GREEN uptrend line have broken through the downtrend line in the past.
If it fails to break through the RED long-term downtrend line this time, It may be expected to rise after accumulation from the ORANGE uptrend line.
ETC/USDT price is ready for testing on the Bull Flag resistance!💎 Paradisers, the recent market dynamics surrounding #ETC have been noteworthy.
💎 After a successful rejection from the support zone around $24, ETC has bounced back upwards.
💎 Currently, it seems poised to continue its upward trajectory toward the resistance of the Bullish Flag pattern, indicating a potential continuation of the bullish trend. Breaking out of this pattern is crucial for further advancement toward our target resistance area.
💎 However, should ETC fail to break out of the pattern, it may be retracing back to the support area. Yet, if the support fails to hold and the price breaks below, further downward movement towards the demand zone around $18.7 could be expected.
💎 Historically, ETC has shown resilience with consistent bounces when revisiting the demand area. Therefore, if the price revisits this zone, there's potential for a rejection and subsequent upward movement. Reclaiming a price above $24 is essential for continued upward momentum. Failure to do so could signal a bearish reversal, prompting a retest of the demand zone.
💎 Bullish invalidation would occur if ETC fails to maintain a price above the demand zone, closing the candle below this level. Such an event could signify a bearish momentum shift, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
ETC Global and local trend🦈Hello!
Today, we'll discuss a #TradingIdea for the coin 💚ETC from the #CryptoTop #Liquidity group. Before we begin, let's understand the global and local structure, determine the price direction, and identify the entry point. Let's dive into the analysis!🦈
⏺On the global chart, long-term trading is marked in pink.
⏺Local trading is marked in blue, with a 1-week timeframe.
⏺The trading scenario is marked in yellow, with a 1-day timeframe.
⏺Global Analysis:
⏺The global support level is at $3.26, and resistance is at $179. Levels $12.88 and $23.90 are the midpoints of the global accumulation channel. The asset's price has been in a downtrend for three years, but there has been a breakout of a new global accumulation channel, which has lasted for 365 days and is 84% long.
⏺❗️Note that the global descending trend line has already been broken, and the price is trying to establish support at the $23.90 level - if this happens, it opens up potential for global highs.
⏺Local Analysis:
⏺Local levels of blue color have appeared on the chart, with the global level of $23 becoming the midpoint of the channel. Levels $39.83 and $14.70 are resistance and support, respectively.
⏺Special attention should be paid to the $18.55 level, from which there was a breakout of the descending trend line and a new local high was set. A local ascending trend line is forming now, and in case of a breakout of this line, a descent to the $18 level and a growth potential of up to 114% can be expected.
⏺Trading Scenario:
⏺A descending trend line of yellow color has appeared on the daily timeframe chart, and a symmetrical triangle has formed.
⏺The local support level is at $25, and resistance is at $28. The trading scenario suggests the possibility of buying from the $25 level with targets at $28 and $39 per asset, followed by further growth to the global high.
⏺❗️In case of a breakout of the local ascending trend line, a descent to the $18-20 marks per asset can be considered.
📈We are considering such a trading situation on several assets, the fractals of which I will publish later. Let's dive deeper into the analysis!
#CoinM #CryptoTop #Liquidity
ETC/USDT 4HInterval ChartHello everyone, let's look at the 4H ETC to USDT chart as we can see the price is bouncing from the lower boundary of the downtrend channel.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5= $37.63
Now let's move on to the stop-loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, there is still room for a continuation of the upward movement, while on the STOCH indicator we have exceeded the upper limit, which may result in a deceleration of the current movement.
ETC at the first support zoneHello everyone, let's look at the 4H ETC to USDT chart, as we can see, the price is staying in an uptrend channel, from which the attempt to break out from the bottom has been temporarily stopped.
Let's start by setting goals for the near future that we can include:
T1 = $33
T2 = $40
AND
T3 = $50
Now let's move on to the stop-loss in case of further market declines:
SL1 = $24 - $22.8
SL2 = $20
AND
SL3 = $15 - $13.50
Looking at the RSI indicators and the STOCH indicator, even though we are already quite low, which could indicate an upcoming rebound, we should be careful how BTC itself, which is followed by the entire market, will behave.
Bullish Patterns and Trend ContinuationThe price initially fluctuated within a specific range between the first support and resistance levels.
After breaking the first resistance and forming a pullback, the price is expected to rise towards the second orange box.
Additionally, the current bearish candles are considered a temporary correction, and given the bullish and reversal patterns on the daily timeframe, we expect the price trend to continue upwards and reach the second resistance area.
Another important point is that the first resistance now acts as a support level. If this support level is lost, there is a possibility that the price may fall towards the lower support area.
ETC/USD Secondary trend. Downtrend channel. Pivot zones.Logarithm. Time frame 3 days. Secondary trend. Downtrend channel. Pivot points.
Linear chart to illustrate the trend.
This is what the main trend of this cryptocurrency looks like now. Time frame is 1 week.
ETC/USD Main trend. Channel.
Linear chart for clarity and understanding of local cycles.
Local work
Ethereum Classic (ETC) Breaks Resistance:Ethereum Classic (ETC) is trading at $33.64, which is a rise of $0.65 or 1.96% from its previous close.
Analyzing the daily chart for Ethereum Classic paired with USDT, the price action suggests a resistance/support (S/R) flip, a technical occurrence where a price level previously acting as resistance becomes support after the price breaks through it, or vice versa.
The chart outlines two key price levels marked at $35.596 and $39.716, which seem to be the immediate targets. The price has recently moved past the $35.596 level, which is now likely to be tested as a new support level. If the price holds above this level, we can anticipate a potential move towards the next target at $39.716.
Given these observations and the current price of $33.64, the next moves for ETC would likely involve testing the $35.596 level for support. If this level holds, it may pave the way for an upward move towards $39.716
Ethereum Classic (ETC) - Bullish!Ascending Tri pattern forming with Ethereum Classic (ETC) which is bullish, the price has risen sharply +7.4% since yesterday daily candle close at: £24 breaking the recent Resistance zone.
Take into consideration and manage risk as dips throughout the tri pattern will occur until the price hit's the apex area soon!
ETC also has remained above both the EMA's shown from the chart, a breakout will likey happen around the £27 mark with the next few weeks. If bulls can breakout and hold above this, expect a momentum to push towards the "£30" area which will be the next Major Resistance Level.
(NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH!)
"Fly Like There Is No Tomorrow Left" #ETCETC is currently forming an Adam&Eve formation.
According to Elliot Waves Theory, this is the road map for ETC.
If you are using Leverage on your trades, wait for it to close above 34 in daily time frame.
Use only 2X, accept the fee and hold until the wave 3's final rotation which is 69.
If you are buying products like an investor, you will have 2 options;
-Buy now and wait until first target (69)
-Or simply buy and hold until second target which is 95 (it will take months)
Remember that it's a long term time frame and it will not be achieved in a couple days (I hope it would).
All Targets Specified On The Chart.
Good Luck To Us All.
Cryptolean Ethereum Classic ETC UpdateEthereum Classic recovered from the daily range zone between $26.49 and $29.43, which is positive.
A sustained price action above $29.43 or, even better, a daily candle closure above $31.02 will will result in a re-test of $32.91-$34.26 where the Ethereum Classic price action will be very important.
A rejection of $31.02, followed by a bearish break-out of $29.43 will push ETC price lower towards $26.49.
ETC/USDT ascending channel trajectory what next? 🚀ETC Analysis💎 Paradisers, take a moment to observe #ETCUSDT intriguing path. It's currently tracking an ascending channel, closely evaluating a crucial support level. Should it maintain its momentum, we're poised for a bullish breakout.
💎 Should #EthereumClassic's drive falter at this support, it's our cue to adjust our approach. Anticipate a bullish bounce from a lower support level, where there's a notable chance for a rebound, given its history of honoring this level on two occasions.
💎 Vigilance remains paramount: a descent below this further support could herald a more pronounced decline as market sentiment shifts towards selling. Remain alert, Paradisers, as we navigate the nuanced movements of the #ETC market.
Cryptolean Ethereum Classic ETC Update For now, Ethereum Classic found a support at $29.43 and is re-testing $31 resistance.
A bullish break-out of $31 and a bullish candle closure above this level will result in a re-test of $32.91-$34.26 where the EthereumClassic price action will be very important.
A rejection of $31 followed by a bearish break-out of $29.43 will push #ETC price lower towards $26.49.
Intraday Chart
The ETCUSDT 4-Hour chart is bearish and lingering around $31.
A bearish rejection of $31 or $33.10 resistance will push ETC price towards the key intraday support zone at $26.76-$28.53, where I will be closely watching the price action.
A bullish break-out of $31 followed by a break-out of the key resistance at $33.10 will push price to re-test $37, however the price action may be slow and choppy .
Support once read!
Thank you.
ETC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H ETC to USDT chart, we can see the movement inside the side triangle marked with blue lines.
Let's start by setting goals for the near future that we can include:
T1 = $36.81
T2 = $38.14
AND
T3 = $40.33
Now let's move on to the stop-loss in case of further market declines:
SL1 = $35.78
SL2 = $34.60
AND
SL3 = $32.69
Looking at the STOCh indicator, you can see how there is room for a potential upward move, while the RSI indicator shows a move in the lower part and room for the resistance line for an upward move.
🚧ETCUSDT will Go Up Again🚧 Road Map(1-D)🗺️!!!Hi.
😊Today, I want to analyze ETCDUSDT for you in a WEEKLY time frame so that we can have a Mid-term view of ETCUSDT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️As you can see, ETCUSDT is completed this pattern, and if it follows this pattern Price can grow a lot.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
-ETC has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pattern is Visible on The chart!
-AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!