Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year.
Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling.
In the last few hours, we have seen selling increasing a lot.
You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control.
We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag.
We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump.
So why do I say BART?
Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION.
Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
Etcbtcidea
Ethereum Classic 💥🔥 $ETC #ETC Ethereum Classic has broken a 90-day downtrend pair of bitcoin and is ready to move higher. Its resistances and goals are plotted in the diagram.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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ETH / BTC LONG 10x long timeThe fear index increased excessively in btc. I said Elon musk big bear. Still valid.
Ethereum's big bear is Vitalik.
It is extremely risky. It is very risky. You may lose all your money. If you're going to enter 2x-3x. It is not investment advice.
Stop-loss 0.69
Fibonacci levels are valid. Do not neglect to buy TP. Earn less, always earn. plenty of earnings.
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)
ETCBTC Technical Analysis 40% target projection.You can see the Chart of ETCBTC on Daily Timeframe.
Right it is in downtrend line which may break up like BCCBTC
Market Break the falling wedge pattern.
Now Moving in Sideway.
Right now We can see the 3 Resistance level and 1 Support Level.
1 Resistance level: 0.001554
2 Resistance level: 0.001636
3 Resistance level: 0.001850
1 Support Level: 0.001378
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
Ethereum Classic Another Ride Up!As the crypto bull cycle seems to be almost over and Bitcoin is looking to finish its last wave up we should be looking for that one last trade which can bring us gains... I have been looking at the market whole day and looked at many coins but most are already finishing their wave up just like Bitcoin however when I looked at ETC I saw that there is bullish divergence on my indicators and it has just got out of the descending channel with a reversal pattern. So just recently ETC pumped due to the listing news on Coinbase and then dumped retraced so if we stick to our reversal pattern we should at least go to the peak we have made due to the news so that is short-mid term 15% or more gains and as we know that the crypto bull cycle is at the end ETC is a really good one because when we reach our targets we can sell it to USDT and to fix our profit and look for re-entry in Bitcoin because when Bitcoin is finishing its cycle up and is looking to go down we shouldn't go into any trades in crypto but fix our position and wait and enjoy the gains we made in this cycle ;)
Good Luck, Traders! #moon #mooncommunity