ETCEUR
ETC breaks out it's symmetrical triangle resistance.ETC now breaks out it's symmetrical triangle so it would be good enter with a stop loss 22.71 EUR.
I think first target would be 34 EUR and after that we can trail the price.
ETCUSD TradeI see a great trade opportunity as Risk:Reward is very favorable
The up-trending support & down-trending resistance line converge to form an apex, that signals us ETC will run out of space soon.
Entry at $17 to $18.5 would be recommended.
Any lower may be a bearish sign and higher will lower potential gain:potential loss ratio
Stop loss can be set in local swing lows, in second red rectangle 'zone', or around $15-16.
Profit targets are:
$19.5 (soft resistance, short term safe target)
$21 (strong resistance + 1.618 fib extension, main target)
$25 (fib extension 2.618, medium term target, higher risk & less likely to happen)
Risk Reward: 2.5+
ETCEUR - keep stockpilingThis can be kind of a safe trade. I don't see any bad forecasts for ETC. We are moving in this channel for almost 3 weeks now, accumulating nice and break to downside is not such a probable.
If we don't break Support 1, I'd buy some when we cross 9.65.
If Support 1 will be broken, wait for pullback and buy some more at 9.5.
If we come down to Support 3 (which is also psychological limit), buy even more after trend reversal (this could be a quick one, so retest is not a must).
First targets for all trades should be 10.5, which is already nice gain and we should cash out a little bit of trade. Bigger part of trade should be left to collect at 11.9 and if ETC gods will be nice to us, we could reach 13 and beyond. Just watch the market closely at these prices!
I'd put stop losses for all trades bellow 8.
Cryptocurrencies: spreading riskAfter recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
Ethereum Classic for a bull runI think a cup and handle might be forming. There is a support slope line on which ETC lays, the upward movement is steady and a run for the hills should be coming soon.
Sideways movement ends because of strong support
Currently, the course seems to be in a sideways movement between 13.09 and 17.00. A few hours ago, it has been broken down by a long-term downward trend and a strong support will be touched in the near future. I think that the course moves to the resistance at 19.48
ETCUSD 8h: Uptrend might be firm. 23 > 28 > 35 USD expected.For all they are long with ETC like me: the uptrend might be firm. So I see these next steps 23 to 28 to 35 USD. A maximum correction could be 14.50 / 15 USD. So I see an additional buying opportunity for all others at the moment also with a short-term target of 22 USD.
Let's see what happens. Happy trading.
ETCEUR: Monitoring the consolidation hereI came to the realization that ETCEUR potentially offers us more upside than $ETHEUR, once both trigger a new T@M uptrend signal, probably by the end of the month. According to my projections, $ETCEUR could go as high as roughly 210 Euros within 10 weeks, after breaking a previous week high, during the week starting on July 31st. My reccomendation is to hold off from buying until then, specially if it consolidates here, showing that it is being accumulated for a new mode higher. This trade will offer a nice hedge, against our intended $ETHEUR long positions too.
Best of luck,
Ivan Labrie.
ETCETH: Interesting pattern here$ETCETH implies that $ETC will outperform $ETH to the tune of 200%, give or take. By this week's close, we will trigger a 14 week rally, the daily chart is already in a strong uptrend here, just taking off.
I added to my $ETC position, now holding a half position, and waiting to add some more on dips, after making some more progress. I think this is an interesting trade right now, with $ETCEUR's upside potential, and also as a hedge to our $ETH exposure.
Best of luck,
Ivan Labrie.
ETCUSD 4h: Near decision point. Up possible. Be watchful :-)The decision point is getting closer and closer. I also see a wedge. So be watchful. Do not get in too early!
Let's see what happens. Happy trading. :-)
ETCEUR Bullish, target after the correction phase 3.25ETCEUR long
ETCEUR Correcting.. After breakout target 3.25 www.tradingview.com
ETCEUR ShortWatching for a massive for after this insane move. It looks way overextended, $2.20's look like a good reversal area. Managing risk with a SL & TP in logical areas. Hope everyone finds use to this idea, I swear I can already see the pull back down below 1.69
