Etcbtc
ETC/USD Looks Extremely BullishEthereum Classic is currently in a run up almost 13% on the day. I believe as long as BTC behaves we could see an even stronger pump in the short term. I would be cautious of entry right now. As I stated, stability of the pump is really dependent on BTC holding or breaking its current range. However, if managing risk properly, this could be a very profitable long. I'm personally up over 9% P/L. I got in at 6.97 with 2X leverage and I plan on holding it for a while longer. Trade safe out there!
[ETC/BTC] Ethereum Classic is trying. Would Bitcoin allow it ? Buy Range : 0.00078
Stop Loss : 4h close below 0.0007730
Target 1 : 0.00086
Target 2 : 0.00097
Target 3 : 0.00104
- Breakout , correction and retested trendline.
- Very tight stop-loss offering a good risk/reward
- If drops expect retest the last support once again.
Good luck !
ETCBTC LONGBy looking at the chart we can notice a couple of important things:
1) there is a descending channel with 5 waves
2) there is clear bullish divergence
3) formation of dragonfly doji candle on the daily
These are clearly bullish signs. If etc picks momentum the price could skyrocket from here. Especially if it touches that upper resistance line ( the neckline of the big inverse head and shoulders not shown on the chart). This could eventually result in being one of the lowest entry points for ETC.
As usual this is just for educational purpose, good luck with your trades!
Fibonacci WavesAn idea regarding Fibonacci
I believe the price within the arcs of the fibonacci circle move in waves
With 1.618 being a bearish wave in this case, with a bullish transition to another ring.
There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning.
Explains on chart.
If anyone knows more about this comment please.
Ethereum classic setting descending triangle- ETC creating a descending traingle, which usually have the tendency to break to the downside
- Volume is nowhere to be seen, will need a spike upon breakout if we want to see a sharp move
Breakdown target: daily resistance @640 satoshi's
Breakout target: weekly resistance @946 satoshi's
ETC / USD — Continuation Setup. Target. Stop loss.Hey friend! Making everyday chart updates for you, send me requests.
Check out last ETCUSD analysis.
Price after breaking out from the Triangle pattern, now going to resistance zione
Looking to increase position near 5-ish prices.
SL shared in my group.
Keep position size small and safe.
Target at 6.5 zone.
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Stay tuned to Artem Crypto
ETC Trading PlanHello Traders,
The ETC is close to a support level and is forming a high wedge formation. It looks like it is close to making an upward movement soon.
We recommend opening the long position if it breaks the high wedge above the support level. It would be a great opportunity for low risk with a potential high profit trade.
Please hit the like button and follow us on Tradeview.
Descending Triangle on ETC - Two ScenariosWe will look at Ethereum Classic here from a technical analysis point of view and discuss two different scenarios based on the descending triangle pattern.
The bullish scenario:
Let's look at the upper line of resistance here. If ETC can break through the upper resistance line of the triangle, we can expect a very bullish continuation of the price. Don't place your long order before it breaks through the line completely as the triangle can push the price down again near this area.
The bearish scenario:
The second important area is the trendline. If ETC can break through the lower trendline of the triangle, we can expect a bearish continuation of the price. Don't place your shorts before it breaks through the line completely as the triangle can push the price up again near this area.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
Highlighted recent success story:
Ethereum Classic is in a Great Buy ZoneHello Traders,
Etc is in a excelant buy zone. It corrected from its previous upward movement to the 0.618 of Fibonacci and now it is above an important support zone. There is a high probability to this asset restart its upward trend.
Please push like button and follow us on tradingview.
ETC/BTC (4H Trend Change: up to 15% profit)ETC/BTC
ETC just shifted the 4H trend to an uptrend market after breaking a minor resistance line and making a fresh Higher High.
If we see a pullback down to 8000 sats area, it will a good opportunity for Long entries and target the upside range 9000 sats area.
The key stop-loss is below 50MA.
ETCBTC Just Got Its Horizontal Support Zone Confirmed [BULLISH]I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave.
I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal moment, I expect the price to reach above the resistance level 1 with a bit of struggle. Then, with an S/R flip I expect resistance level 1 to act as support to go to resistance level 2.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
About the links below:
20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes
Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Also, check my recent popular ideas on BTC: