ETC/UST 1D ReviewHello everyone, I invite you to review the ETC chart on the one-day interval. As we can see, the price did not manage to stay on the downtrend line and was quickly reversed.
After unfolding the Fib Retracement grid, we see that the price is holding just below the support at $19.19, the next support is at $16.69, then the third support at $14.84, and when we go lower we have a fourth very strong support at priced at $12.57.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $21.67 with the downtrend line, then resistance at $24.15 and then the price will move to resistance at $27.26.
At this point, it is worth including the EMA Cross 200, which indicates that the ETC attempted to return to a strong uptrend, but it was a false break and a quick return.
The CHOP index indicates that there is a lot of energy for the upcoming move, the MACD indicates the continuation of the downward trend, while the RSI has approached the middle of the range, so the move will be based on BTC price jumps.
Etc
ETC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETCUSDTThe current situation of Ethereum Classic is as follows:
In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days.
Now we are witnessing a price decline from the top of the channel.
In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel.
But why $18?
In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Ethereum Classic riding bull run 🔥 🚀ETC Today Analysis💎 ETC has recently broken out of a triangular pattern in an upward direction, indicating a potential bullish run.
💎 The Relative Strength Index (RSI) is also showing a significant upward trend, reinforcing the bullish sentiment.
💎 The presence of a high-demand area is another crucial factor to consider for potential upward movement.
💎 However, if the price enters the invalidation zone, it could trigger a significant downward shift.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
ETC/USDT - Ethereum Classic: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the SET:ETC / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 15.73 | 16.24 | 17.42, and the major support zones can be found at 14.55 | 13.88 | 12.7. Consider entering a trade at the current price zone of 18.96 and targeting higher levels.
◰◲ General info :
▣ Name: Ethereum Classic
▣ Rank: 30
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule.
◰◲ Technical Metrics :
▣ Mrkt Price: 18.96 ₮
▣ 24HVol: 41,062,576.734 ₮
▣ 24H Chng: 11.007%
▣ 7-Days Chng: 23.16%
▣ 1-Month Chng: 6.54%
▣ 3-Months Chng: -7.22%
◲◰ Pivot Points - Levels :
◥ Resistance: 15.73 | 16.24 | 17.42
◢ Support: 14.55 | 13.88 | 12.7
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.28
▣ Last 90D: -1.19
▣ Last 1-Y: 0.60
▣ Last 3-Y: 0.89
◲◰ Volatility :
▣ Last 30D: 0.58
▣ Last 90D: 0.47
▣ Last 1-Y: 1.00
▣ Last 3-Y: 1.21
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth ETCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETH - scalp from the local resistance level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Opened a scalp trade on ETH for 10% of the deposit.
Technical: on yesterday's rally, the price of the asset again tested a strong local resistance level (red line), but the level is still not broken and we can see a slight rebound, which may cause a decline to the previous support levels of $1820-1770.
deal plan:
Entrance - 1920/1950 $
Stop - 2028$
Take - 1820/1770$
Guys, the scalp is quite risky, because the price of bitcoin is again tightening the triangle by 2H (yesterday's chart) and we will probably see a takeaway towards the high of $31,455 again. So I advise you to enter a trade with a short stop-loss and a small leverage of 3-5X.
P.S: Most importantly, don't forget to move your stops to breakeven or plus, even if you made a small profit from the trade.
Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
_____________________
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ETC/BTC - Ethereum Classic: BBand_Breakout Super-Trend◳◱ We have recently observed two promising signals, a Bollinger Band breakout and a Super Trend pattern, on the BME:ETC / CRYPTOCAP:BTC chart, which strongly suggest a bullish trend. The Bollinger Band breakout, characterized by the price surpassing the upper band, signifies a potential upward movement, while the Super Trend pattern further confirms the presence of a bullish sentiment. Seizing the opportunity to enter the market within the current price range and aiming for higher levels appears to be a robust strategy. Notably, key resistance levels can be identified at 0.000647 | 0.000693 | 0.000788, while major support zones are strategically positioned at 0.000552 | 0.000503 | 0.000408.
◰◲ General info :
▣ Name: Ethereum Classic
▣ Rank: 30
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.000612 ₿
▣ 24HVol: 56.824 ₿
▣ 24H Chng: 1.324%
▣ 7-Days Chng: 21.26%
▣ 1-Month Chng: 2.73%
▣ 3-Months Chng: -7.51%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.000647 | 0.000693 | 0.000788
◢ Support: 0.000552 | 0.000503 | 0.000408
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.40
▣ Last 90D: -0.24
▣ Last 1-Y: 0.63
▣ Last 3-Y: 0.93
◲◰ Volatility :
▣ Last 30D: 0.74
▣ Last 90D: 0.55
▣ Last 1-Y: 1.00
▣ Last 3-Y: 1.21
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth ETCBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETC - breakdown of the global countertrend! The price will fly iHello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
A few thoughts regarding the ETC chart.
My position at 15% of the deposit with an entry point of $18.85 continues to hang, as I said, I will just wait for better changes in altcoins. Well, according to ETC, they may have already arrived ...
Technical: the price has broken the global trend line and the most important thing is that the buyer does not lose the zone and we are fixing above this trend line.
In the future, if things go well on the chart as well, then I expect to see an exit to the first resistance of 0.236 Fibonacci ($23-25) 25% of my entry point.
Breaking strong resistanceOn the 2h ETCUSD chart, we see that the price of ETC is reacting after breaking through the 18.x resistance area.
Before that, the price after breaking through the downtrend line at 15.x area accumulated and had a very good bullish phase.
The price needs to accumulate strength to break through to the 23.x range to confirm the position of the uptrend firmly.
Currently suitable for a hold order, not suitable for opening a new position.
How many chances do you think Ethereum Classic will give you?
Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!!
Full List of Cryptos Named Securities in SEC Lawsuits:
www.sec.gov
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ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
ETC short setup Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ETCUSDT: A Strong Pullback or the Start of a Wild Ride?💎 #ETCUSDT has been hugging the lower edge of the Bollinger Band for nearly two months. However, a recent change in the wind has #EthereumClassic bouncing back from the lower band, supported by the 227.2% Fibonacci level. The price has started to climb, and just yesterday, we saw a confirmed break and closure above the resistance downtrend trendline.
💎 This indicates an increase in buying pressure, and control is gradually shifting to the bulls. At the moment, BME:ETC is trading within a broad range, and we could potentially witness a rise towards the upper Bollinger Band.
💎 If the recent low at $17.35 holds firm, #ETC could see a price increase of over 20% with the next move. While this isn't a long-term uptrend, it's more of a strong pullback.
💎 But hold onto your hats, because if the price breaks above the Bollinger Band, we could be in for a wild ride. Stay tuned, Paradisers!
🔥 ETC Starting Bull-Market Play: Crazy Potential!ETC has been bouncing off the lower support of the triangle for neatly a year now. The assumption behind this trade is that the support will hold yet again and that ETC will break through the top resistance at some point in the future.
Entry at 18.9 because we have to get above the current trading range first. Waiting for this entry will increase the probability of the bottom being in and the trade to play out positively.
Target of 50 is a longer-term play, but with a very high risk-reward ratio.
A safer play would be to take partial profits around 23 or the top resistance of the triangle.