ETCETH
ETC/BTC (Target Key Support Below)ETC/BTC
-Ethereum Classic broke the local support at 6174 sat range
-The price started falling further, If we look at the chart
-We can see the Key support is located around 5000 area
-This zone will be crucial for the Bulls
-But will be another buying opportunity for potential strong bounce reaction
-Aggressive traders will start scaling in at 5000 area to hit a high reward trade
-While conservative traders will wait until the break of trendline resistance
-If you are a long term investor, I recommend buying at key support
-This will give you more buying power to load your bags :)
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.
ETC/BTC TA Update (short-term relief?)ETC/BTC
ETC may have temporarily found support at 7100 sats regions and manages to break the trendline resistance.
This is a good sign for ETC bulls in the short-term but the battle is still too far.
There is a lot of trading action needed to shift the tide.
ETC needs to hold current levels and must not close below 7100s because
this will invalidate the potential short rally up after breaking the important trendline resistance.
If everything goes well for the bulls, I'm eyeing a potential top at 10k-12k sats levels.
Ethereum Classic Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions
Ethereum Classic vs Ethereum | Support & Resistance LevelsFor all the geniuses that trade ETH pairs, here we are looking at Ethereum Classic vs Ethereum (ETCETH).
We have a dropped that stopped at 0.786 Fib. retracement support, so a potential bounce is in play.
Below this level, marked blue on the chart, prices can easily move lower. While above this level we start to see the bullish potential.
The MACD and RSI are starting to curve and forming a cup... If there is enough follow up and prices can move above EMA10, ETCETH can easily continue higher.
Thanks a lot for reading.
Namaste.
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.
There is a trading opportunity to buy in ETCETHTechnical analysis:
. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02450000 to 0.02247455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02450000)
Ending of entry zone (0.02247455)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.027150
TP2= @ 0.029500
TP3= @ 0.032900
TP4= @ 0.037824
TP5= @ 0.040700
TP6= @ 0.044862
TP7= @ 0.050730
TP8= @ 0.058700
TP9= @ 0.069900
TP10= Free
There is a trading opportunity to buy in ETCETHTechnical analysis:
. EthereumClassic/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02450000 to 0.02247455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02450000)
Ending of entry zone (0.02247455)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.027150
TP2= @ 0.029500
TP3= @ 0.032900
TP4= @ 0.037824
TP5= @ 0.040700
TP6= @ 0.044862
TP7= @ 0.050730
TP8= @ 0.058700
TP9= @ 0.069900
TP10= Free
Ethereum Classic 2 scenarios with signalsHello, Traders!
Monfex is at your service and today we overview ETC/USD.
For now Ethereum Classic has the bearish divergence with RSI that can tell us about nearest target - the support zone.
First scenario:
After reach the support zone ETC will bounce up from it and break the resistance line with goal of ex-support line and MA200 also will be there.
Active Trade Signal by ETC/USD in long case:
Buy near $ 4,74
Take profit $ 5,30
Stop at $ 4,55
Second scenario:
ETC will break the support zone and will go down.
Active Trade Signal by ETC/USD in short case:
Sell near $ 4,33
Take profit $ 4,06
Stop at $ 4,44
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
MORE AND MORE OPPORTUNITIES ARE COMING!There's just no way ETC/Ethereum Classic shouldn't start its fresh new profitable Successor! Now if you will notice most of my recent ideas are quite the same with all the elliott wave being in the wxyz analysis. Showing that ive been waiting for this time to post all of this when their Successor is finally coming