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Etcbtcshort

#ETCBTC - Up to 20% Price Drop PotentialLooks like #ETC could be just about to fall off a cliff edge as it reaches the end of this wedge. There's a level of resistance above in the form of a descending trend line and a few levels of historical support/resistance below. We could see a small swing upward toward the trend line, the price may even break through as this doesn't appear to be a super strong resistive layer - but with a strong Sell signal from Crypto Tipster v2 we've set up 2 TP zones based on historical levels. If you enjoyed or agree with this idea - drop us a comment, like & follow! :) *not financial advice ✌️
Short
by theCrypster
6
ETC/BTC TA Update (1 More Leg Up?)ETC/BTC ETC is battling key resistance area or the previous Swing High at 7000 sats levels. We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact. EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up. Key areas must hold is 6300 regions and anything below it will trigger selling pressure to invalidate this bullish uptrend.
Long
by PolarHusk
ETC Potential retracementTimeframe: 240M Main Scenario: While only 3 of the top 100 cryptocurrencies are positive today against the Dollar, the ETC is included also losing -2.40%. On the other side, its behavior against the BTC is very positive in the last few hours, gaining 3% just today in a buying pressure that comes from yesterday and that became solid after crossing the Central Pivot Point: at this moment the price moves over the Pivot R1 in 2162 satoshis and still strong despite showing its indicators in the overbought area; the sellers are ready to press but this may not happen until the Pivot S2 resistance is reached, which is very close to the EMA-100, this will very likely be a strong joint resistance to avoid further increases. We could try for a short position if the price manages to touch the Pivot R2 even below at 2180 Satoshis where the price can bounce looking for a correction. Alternative Scenario: It is the least likely and it could be that the price will continue to rise to go through EMA-100 and continue in the range very close to this point. Entry/Stop Loss/ Take Profit: We can go short if the price reaches the 2180-2198 Satoshis. T1 = 0.002143 (2.1 %) T1 = 0.002091 (5.0 %) The Stop Loss can be placed at 0.002212 (-1.0%) Duration: 1-3 Days Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point. Warning Level: A range behaviour during the next 24.H around the Pivot R1 will invalidate this setup, Risk Management: Risk/Reward Ratio: 4.45
by Forex_Academy