Etcbitcoin
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252.
The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level).
The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support.
We can call bottom trend line and monthly level as DUAL SUPPORT for ETC.
Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383.
Current Condition
From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252.
ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support).
Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level.
If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN.
Lookout for Head and Shoulders pattern for now in coming 10 days.
Trade according to the pattern.
ETC/USD first target 7.64$Hello Traders,
ETC is very similar to other altcoins in USD pair, we have the price above the short term uptrend line and seem bullish, but we got an important resistance level around 7.64.
That's will be my target in the short term, if we break we can think the target around 9$ in the next few days.
Best regards, Sandro, and Gustavo.
Feel free to visit my pages if you would like to know more.
ETC ANALYSIS (BREAK FOR A LONG!)ETC ANALYSIS:
ETC broke out of the falling wedge and pushing 50MA to crossover the 100MA in a bullish manner. I expect a further increase following this move. I expect take profit 1 to be hit just below 1000 sats at 980 sats. T1 is the next resistance band, a break here would make way to easily break T2 at 1020 sats, T3 at 1065 sats, and lastly T4 at 1150 sats. The prime entry zone is from 890-920 sats. Daily RSI and Stoch are cleared for a major run up. Deep support is down at 700 sats. I dont expect deep support to be hit, rather a double top over 1100 sats first!
Possible Entries: 890-920 sats
ETCBTC formed a bullish butterfly | Upto 374% from herePriceline of Ethereum Classic / Bitcoin cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
RSI is entered in oversold zone.
Price action has also hit the support of lower band of bollinger bands.
Stochastic has given bull cross.
Priceline is now gearing up to hit the sell targets soon insha Allah.
I have defined the targets using Fibonacci sequence:
Buy between: 0.00053857 to 0.00000001 (but it is not possible for price action to hit 0.00000001 as it has already hit the lowest pirce of the history of ETC and indicators are turning bullish)
Sell btween: 0.00158077 to 0.00325256
Enjoy your profits and regards,
Atif Akbar (moon333)
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00120100 to 0.00108000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00120100)
Ending of entry zone (0.00108000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00131370
TP2= @ 0.00144540
TP3= @ 0.00155500
TP4= @ 0.00164600
TP5= @ 0.00173770
TP6= @ 0.00197130
TP7= @ 0.00220780
TP8= @ 0.00277400
TP9= Free
ETCBTC- Short/Mid term opportunityHere it is a Descending Triangle, Broken upside maybe it's a false breakout, will wait till next candle made under pattern.
If candle made under pattern then will execute a short trade till major support, else trading wil be risky and will not excute any trade.
Risk Takers can open long and take up to 5% profit
ETCBTC - trend analysisIf we see from log time cup & handle pattern broken and if we see closer then two wedge pattern formed one inside other...
Green boxes represent resistance arrows indicated price movement can long after breakout else can do revenge trading...
There is one possible scenario to test that black line once but feels next to impossible now...
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00133000 to 0.00124000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00133000)
Ending of entry zone (0.00124000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00155500
TP2= @ 0.00164600
TP3= @ 0.00175200
TP4= @ 0.00182100
TP5= @ 0.00198500
TP6= @ 0.00221700
TP7= @ 0.00254800
TP8= @ 0.00277400
TP9= @ 0.00297000
TP10= @ 0.00388000
TP11= @ 0.00470000
TP12= @ 0.00560000
TP13= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The the RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00148000 to 0.00138000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00148000)
Ending of entry zone (0.00138000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00164600
TP2= @ 0.00174200
TP3= @ 0.00182100
TP4= @ 0.00195600
TP5= @ 0.00214000
TP6= @ 0.00238200
TP7= @ 0.00277400
TP8= @ 0.00317100
TP9= @ 0.00388000
TP10= @ 0.00470000
TP11= @ 0.00560000
TP12= @ 0.00820000
TP13= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The the RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00148000 to 0.00138000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00148000)
Ending of entry zone (0.00138000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00164600
TP2= @ 0.00174200
TP3= @ 0.00182100
TP4= @ 0.00195600
TP5= @ 0.00214000
TP6= @ 0.00238200
TP7= @ 0.00277400
TP8= @ 0.00317100
TP9= @ 0.00388000
TP10= @ 0.00470000
TP11= @ 0.00560000
TP12= @ 0.00820000
TP13= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00166550 to 0.00148050). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00166550)
Ending of entry zone (0.00148050)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00182130
TP2= @ 0.00195640
TP3= @ 0.00216580
TP4= @ 0.00250380
TP5= @ 0.00277920
TP6= @ 0.00305280
TP7= @ 0.00344220
TP8= @ 0.00394020
TP9= @ 0.00470000
TP10= @ 0.00560000
TP11= @ 0.00820000
TP12= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00166550 to 0.00148050). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00166550)
Ending of entry zone (0.00148050)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00182130
TP2= @ 0.00195640
TP3= @ 0.00216580
TP4= @ 0.00250380
TP5= @ 0.00277920
TP6= @ 0.00305280
TP7= @ 0.00344220
TP8= @ 0.00394020
TP9= @ 0.00470000
TP10= @ 0.00560000
TP11= @ 0.00820000
TP12= Free
There is a possibility for the beginning of an uptrend in ETCBTCTechnical analysis:
. EthereumClassic/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00166550 to 0.00148050). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00166550)
Ending of entry zone (0.00148050)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00182130
TP2= @ 0.00195640
TP3= @ 0.00216580
TP4= @ 0.00250380
TP5= @ 0.00277920
TP6= @ 0.00305280
TP7= @ 0.00344220
TP8= @ 0.00394020
TP9= @ 0.00470000
TP10= @ 0.00560000
TP11= @ 0.00820000
TP12= Free
Another trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
Another trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free