Ethereum Classic (ETC) 1 day chart: Bear divergence $ETC has outperformed other alts through the recent bear market, following its own path. Its time to catch up in my opinion and the bearish divergences on the RSI and CMF encourage this feeling.
The orange fibs are from Dec 17 low to early 18 highs - the blue is all time low to high (on Bittrex) - both seem to be getting respect and the shorter term 0.78 is very close to the longer 0.88.
This may normally signal strong support immediately below but its been fully breached twice in the last 3 months although recovered. I am watching the trendline drawn on 2-day.
OBV shows lots of holders which could give fuel to panic selling, but also limit supply. Target areas illustrated - its a basic plan. No shorts just buy areas.
Etcbtc
ETC gon MOON, BUY NOWAccumulate ETC below 2050
Targets
2200 | 2386 | 2637+
also use fibs to sell/buy
Stoploss
1940 | 1855
Rumor going around it might be listed to coinbase tomorrow, "scheduled maintenance" platform will be down for an hour. Buy just in case!! and the coin looks good anyways for a buy
ETCBTC oversold, going long, no stop loss (don't do this).ETCBTC has been my most favored altcoin to swing trade. Not only is it offering some nice gains on these s/r levels, but if I were to consider hodling anything as a mid to long term investment, ETC is number 1 on top of my list. I dont even bother with stop losses with this coin (not financial advice). Gaining a position when it takes a dive like this is a bonus. Dont forget trading is risky and these things can go either way on you no matter how good your TA. I highly recommend implementing a good risk management strategy (this bit is financial advice).
$ETC/#ETC Short-Term Bounce LongETC looking good here for a short term bounce back into the bollinger bands. We are on the outside of the 1 hour bands with a low stoch rsi and rsi. We haven't had a bull t3 cycle in a while and I am scaling into this trade around .00256 down to .00251. We also have some support from the former ascending triangle resistance.
ETC breaks necklineHellooo traders & friends,
just as anticipated on Friday's idea, we have broken the neckline at 16.8 with more than 3% profit potential.
But beware: It is not likely that we'll shoot to $19 immediately now & break it, since we have the resistance at $18 coming up first. Bulls can use the 4H Higher Lows established at 16.5 as their stop-loss, as a retest of the break-out zone is still possible.
=> Essentially, ETC's move will highly depend on big brother Bitcoin's showdown this week at the 6.800 Dollar range.
In the direct correleation ETC/BTC, we're at the important level of 0.0026 -nicely surfing the 4H EMA 12 & 26 to the upside- it will be essential for the ETC bulls to uphold this area.
If you don't want to miss trend reversals & neckline breaks the next time, please like & subscribe, and watch my daily videos! ;) I wish you a wonderful start into the week & good trading!
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETC trying reversal -Neckline at 16.8Hey guys ETC similar to brothers IOTA, BCH & EOS, is trying for a trend reversal on the Hourly & 4H, while big brother BTC is going for the Bull Flag right now. The neckline is at 16.8 We have 4H 12 EMA as support, while 26 acts as resistance. => A bullish break could signal some uptrend potential.
=> But: Any break of that neckline has to see simultaneous break of big brother Bitcoin , otherwise it'll be a fake out!
In the direct correlation of IOTA/BTC, we're trying to stay above the important .25 previous resistance area.
If we cannot break to the upside, we're looking at the previous lows 15.7, and will try to form a new higher low compared to $12 . So, if you wanna play bullish , never forget: We're still in highly bearish terrain with grandpa Bitcoin, any possible plays have to be highly secured & conservative in order to protect your money.
If you had some value from my analysis, please like & subscribe so you don't miss it next time, and watch my daily videos ! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
ETC Hi everyone!
In the 1 hr chart seems that an inverted H&S is in formation.
If this goes well, could be a good chance to have 5-6% profit in one trade.
If you scroll to zoom out you will see a bigger idea, an C&H pattern and respective target marked.
So, if this goes VERY well, this H&S movement could be the begining of a bigger run.
Educational Only
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GoodTrade
-CJ-
ETCBTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: +78%
Profit Factor: >5.3
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Ethereum Classic goes its own wayCoin of the day is Ethereum Classic
Ethereum Classic was born as a result of the Ethereum fork after DAO hack, mainly because the community could not come to a consensus about abandoning pretty large amount of ETH.
Two years passed since DAO events, and for now, Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap. The whole crypto community carefully listens to Vitalik Buterin and watch after Ethereum development.
Regarding the success of Ethereum, quite a lot of people seem to question why Ethereum Classic (ETC) still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention?
These legitimate questions have been raised more often since the listing of ETC on Binance and the announcement that Coinbase would soon support it too.
Here a brief outline of the Coincast interview on the future of ETC from Igor Artamonov, founder and CTO of ETCDEV:
ETC seeks to be much more decentralized by taking a Bitcoin-like approach. Perhaps that a statement like "ETC is to ETH just like LTC is to BTC" would be slightly accurate thanks to the architectural similarities and differences in coin supply, but the situation is more complex.
While ETH is transitioning to a PoS system that creates more centralization under the "governance" label, ETC is committed to the original values of cryptocurrencies.
As ETH transitions towards Casper PoS, it's expected that miners will jump into the ETC ship and help the coin grow.
More precisely, Ethereum Classic isn't about ICOs. They won't try to compete with their bigger sibling in terms of becoming the platform to finance businesses and tokenize the entire crypto space. Instead, they seek to facilitate smart contracts for Internet of Things.
In a nutshell, it's safe to say that ETC is the middle ground between the philosophies and technical implementations of BTC and ETH.
The one thing that we could be sure is that ETC is not abandoned and interested people and teams are participating in the development of the coin, which makes it worth noticing. The logical way of development for ETC would be not to compete with ETH but to go on its way, for example in trending areas like Internet of Things and independent small miners. Below let's get in details with the chart patterns of Ethereum Classic.
Technicals
Overall pattern of the ETCBTC chart: growth in the first part of 2017 – falling since the middle of the 2017 year – bottoming at the start of 2018 on the 0.0015 level and further trading in lateral gradually growing manner. At the beginning of July, we saw a breakthrough from the Bearish pattern and attempts to start the new growth cycle. For now, the price broke above the 0.0025 level but found a resistance at 0.0028 level. The falling price has reacted on the July Bullish Trend Line and stopped, so we could expect a come back to the uptrend from this level. For the uptrend scenario, the next goal is 0.003 level. In case of a breakthrough below the Bullish Trend Line and 0.0025 level, we could expect a deeper correction.
ETC I Want To See A Touch At 3000!Bulls have broken the 2630 level which now acts as a new support level . It has allready been tested (could get another test but I dont think it will).
I want to see ETC make a move to 3000 before we get a bigger correction in this triangle.
We will face minor resistance at the 2900 level and heavy at the 3000.
I've been hearing the 16th could be the listing date for Coinbase but haven't seen anything official.
Twitter Crypto also seems to favor the bears but i think alot might want in on cheaper prices.
I don't think BTC -0.43% can make a difference unless it makes a big move, seems to be relatively detached atm.