Etclong
ETC- Breakout?IMO ETC is setting up for a breakout to new all-time high (on Bitfinex). It tried yesterday and failed but I believe this time it will breakout.
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+
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
ETC | The value of the hidden diamondEthereum Classic was first coin I had baking with by following the trades of @Greenhill last year (Awesome Times), maybe I'll become a fanboy because of that.
ETC for more gains :DAbout to break upwards I think, just my opinion ^^'
Timeframe m5.
Cheers ;)
PS : New York Token Summit Event very soon, should help accomplish that !
ETCBTC - BREAKOUT -Short term 75-100% upside - go LONGETCBTC
ETCBTC in its last run topped around 0.0058 and retraced to nearly 0.0029 (down 50%) for a healthy correction.
Ever since there has been huge accumulation between 0.0030 and 0.0035.
In the last 24 hours, we have noticed a breakout from its 'perfect' descending triangle formation and is expected to zoom past its previous high of 0.0058.
Thus from current levels you can see even a 100% return in short to medium term. Stay Invested and avoid trading in ETCBTC pair !
Short term target 0.0060
place a stop at 0.0029
Earlier predictions on $ETC :
ETC Take-off ?At the very top of a descending canal. I'm long since way before 7.00, if no breakout by then I will cut it and try a small short.
Long - ETUSD till 3$ - TradeBlock’s ECX Index for ETC now live !TradeBlock's ECX Index represents a real-time, USD-equivalent spot rate for Ethereum Classic. The index value is algorithmically calculated once every second based on observed trading activity on leading Ethereum Classic exchanges. The ECX index includes markets that are liquid in the ETC/USD & ETC/XBT crosses, incorporating the XBX index rate to offer a consolidated ETC/USD reference rate. The index has been in operation since December 2016 and was launched publicly on April 10, 2017.
The ECX Index is designed as a reference rate to track liquidity while also adjusting for deviations caused by anomalies and manipulation attempts at individual exchanges. While the precise formula underlying the index is currently proprietary, the key elements of the algorithm are outlined below.
ETC going to 2 unit along with the bitcoin ?With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term.
Watching for upward breakout.
