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Etclong

ETC/BTC: The Calm Before The StormAS ETC continues its multi-year down trend, I am seeing signs of investors longing the bottom (notice the ever-increasing ADL... which I assume are buyers since we are at such depressed prices). Also, notice the increase in volume. The circled fractals appear similar and preceded the prior 2019 ETC price pump. The HV indicates VOL is contracting since the beginning of 2020. The contraction period prior to the 2019 pump was approximately 250 days; we are currently on day 203. This is my style of investing because of the extreme asymmetric risk. whichever way the price move is, guaranteed to be explosive for such a long contraction period. THIS IS NOT FINANCIAL ADVISE. CRYPTO IS HIGHLY VOLATILE.
Long
by DuubDigital
2
ETCUSD: Analysis using Ichimoku 22/07/2020H4 On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming. Conclusion: We recommend selling from the upper line of the triangle pattern when the RSI reaches the overbought level again. Also, we recommend to close sell and open buy when the price reaches the range of $5,8 - $5,5, and the RSI reaches the oversold level. H1 At H4, the cloud is directing upward, indicating an uptrend. RSI is in an undefined state. Conclusion: You can try to sell with a short stop loss when the RSI H1 reaches the overbought level. However, it should be borne in mind that the upward movement may be higher for H1. A great option is to sell according to the H4 scenario from the upper line of the triangle. In the medium term, we should expect the price to rise to the level of $8, possibly higher.
BITFINEX:ETCUSD
by QubitLife
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252. The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level). The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support. We can call bottom trend line and monthly level as DUAL SUPPORT for ETC. Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383. Current Condition From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252. ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support). Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level. If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN. Lookout for Head and Shoulders pattern for now in coming 10 days. Trade according to the pattern.
by SmartMaxi
ETCUSD: Analysis using Ichimoku 12/07/2020H4 On D1, the cloud is directing upward, indicating an uptrend. The price also broke the downtrend line at D1. Conclusion: Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 61.8%. H1 At H4, the cloud is directing upward, indicating an uptrend. The RSI is not far from the overbought level, indicating a possible continuation of the correction. Also, the divergence has formed on H1 between price and RSI. Conclusion: Selling ETC looks risky, since the correction model may take the form of a “triangle”, but you can use this setup and sell ETCUSD when RSI reach overbought level at H1. Stop loss must be set at 6.8. Also, we recommend buying when the RSI reaches an oversold level on the H1 near level of 6.2.
BITFINEX:ETCUSDLong
by QubitLife
ETC: Analysis using Ichimoku 06/06/2020H4 The visually visible upward channel, the borders of which in the near future will be tested by the price. The ETC price is trading below the Ichimoku cloud, indicating a local correction. RSI is near the oversold level, indicating the possibility of a change in trend. Conclusion: We recommend buying from the key Fibonacci support levels of 50% and 38.2%. H1 Visually, the border of the downtrend is clearly visible. The price slowly declines below the Ichimoku cloud. The RSI is near the oversold level, indicating a possible end to the downward movement. Conclusion: We recommend buying when the RSI of the oversold level is reached, and also continuing to buy after the price is fixed above the downtrend line. Good luck!
COINBASE:ETCUSDLong
by QubitLife
ETCBTC LONGEthereum classic has been quiet for a while, since its drop in march, it has been losing value against btc. This could soon change. By looking at the chart, we can notice that there is bullish divergence on the RSI 4h. 2nd thing we can notice is the small falling wedge, which already completed the 5 Elliot correction wave. We are almost oversold on the daily, sure there could be more room for a fall, but it looks unlikely. If ETC breaks out, and reaches the red resistance line and breaks it, then a new trend will start, and would complete the big inverse head and shoulders. All of this is backed by the incoming hard fork in JUNE, which would make ETC interoperable with ETHEREUM. This idea is for educational purpose only, I am not a financial advisor, and not an expert, just sharing my thoughts :) Good luck with your trades.
Long
by darkpiggie