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Etcbtc

ETCBTC - Rejected at resistance, more downsideStill holding this desperate long , it turned out to be a pump for ants prior to Phoenix fork and after that, it's just declining. I moved my stop a bit below, this trade without leverage, so I can give it more space. But honestly, I anticipate more downside here, because historically after rejection off 0.000700 btc resistance it continues to decline with 0.000500 btc target. Marked with purple areas can be deviations. Possibly flip short if it will be stopped out. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
Short
by Bitduke
ETC/USD breaking symmetrical triangle resistanceHello fellow traders, Context After being caught within a symmetrical triangle - visible on the 4H chart above - who's resistance has constrained ETC/USD's price action since ~May 30th, ETC appears to be primed for a breakout. Additionally, ETC is breaking out from a smaller time frame resistance label visible on 1H chart below (labeled STF resistance). Indicator Analysis The MACD on the 4H chart has been trending down ever since the start of the symmetrical triangle, and is forming a rounded bottom, now starting to trend up from below 0. The RSI appears to have bottomed out and recently broke above 50, on the verge of forming a higher high. Both these indicators signal room for growth. On the 1H chart, the MACD recently broke above 0 and is trending upwards after forming a lower low. The RSI has formed a higher high and a lower low, and is just above 60. Both these indicate room for growth as well. Why this projected rise height? This rise would match the height of the triangle, and would bring ETC/USD to a level where there likely exists horizontal resistance. This horizontal resistance would come from a previous support now likely to have turned resistance. Notice how this level acted as a pivot point prior to Black Thursday's crash in the chart below. ETC/BTC Action The ETC/BTC pair also appears to be breaking out of a triangle structure visible on the 4H chart below. The RSI here is clearly breakout of a descending wedge structure, strengthening the bullish case. The MACD also is beginning to trend upwards with room for growth. This pair's price action supports the bullish factors found on the ETC/USD pair. Let me know what you guys think; I'd love to hear your ideas! If you enjoyed my analysis, please follow me and drop a like; I'm trying to give as many insights as possible nowadays and would like to build a follower base to share and discuss my ideas with :)
COINBASE:ETCUSDLong
by usubzero
ETCBTC - Broke through resistanceETCBTC broke through resistance at 70k satoshis despite of bitcoin dump below $9k. I'm still in this long, overall sentiments for this pair is still bullish, Phoenix Fork soon + as you may have noticed that many altcoin pairs already up 20-50%. Invalidation - the next strongest fall of bitcoin price. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
by Bitduke
2
ETCBTC LONGEthereum classic has been quiet for a while, since its drop in march, it has been losing value against btc. This could soon change. By looking at the chart, we can notice that there is bullish divergence on the RSI 4h. 2nd thing we can notice is the small falling wedge, which already completed the 5 Elliot correction wave. We are almost oversold on the daily, sure there could be more room for a fall, but it looks unlikely. If ETC breaks out, and reaches the red resistance line and breaks it, then a new trend will start, and would complete the big inverse head and shoulders. All of this is backed by the incoming hard fork in JUNE, which would make ETC interoperable with ETHEREUM. This idea is for educational purpose only, I am not a financial advisor, and not an expert, just sharing my thoughts :) Good luck with your trades.
Long
by darkpiggie
Not an attractive trade on ETCHello Traders. ETC/BTC doesn't have a RISK REWARD attractive trading, For us to enter a position we always have a stop loss value, and for that our target has to be at least twice as much as our stop value, that is, for us, we enter a position where our stop is at 4% we will want to profit at least 8% in this operation to be worth the risk. For ETC our stop now have to be below today's candle about 7%, and we have a very strong resistance up ahead about 8%, so we are risking the same as we wanna gain, so we have to look better opportunities. Please push like button, follow us on Tradingview and on Telegram. Best regards, Sandro and Gustavo. Feel free to visit my pages if you would like to know more
by MarketMinds