Etclong
ETC Looking to head into 2019 strongHey one and all to a new years eve edition of chart analysis.
without further ado lets get into it.
looking at the 4 hour chart ETC has been doing some good work, previously you can see it has finished a round bottom pattern which usually indicates a price reversal pattern. see: www.investopedia.com if you want to dip deeper into that pattern.
This has been supported by the 50MA crossing the 200MA which is a sign I always look for when looking at a chart. The 4 hour gives a nice overview of the health of the chart. In your own time look on the 1,2 & 4 hour time scales and see how the lines intersect with price changes.
Thirdly and lastly I have drawn a line of support which has 3 clear touches to aid in its conformation. This is nice to see but it isn't the whole story.
I am long on ETC currently and believe it will head into the new year with its head held high.
BUT and it is a big but, it is very dependent, like all crypto these days, on the health of BTC.
Check out my analysis of BTC here:
In it I cover how BTC was forming an inverse head and shoulders pattern and what that meant. The current look of BTC isn't what I had hoped but neither has it broken down. There is still time for it to complete the pattern, or inversely fail and brake down. Here is to hoping the wales play nice.
Happy new year folks.
Post your thoughts and question below guys, ill answer any points you have and am always open to debate if you disagree with anything i have written here.
Remember though folks, this is not financial advice and any trades you take are at your own risk.
I, like all traders will be watching BTC and will take positions accordingly.
Stay frosty,
Moglli, out.
ETC Bearish Short Term; Bullish Long TermAs seen on the 1D timeframe the recent recent green candles haven't really had any volume to them. This is more evident on the smaller timeframes.
Furthermore, given the position of RSI and Stoch RSI, I estimate the price to hover between $3.65 - 4.0 before make the move down to around ~ $2.8
After that drop, its an easy long for around 100%
ETC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Moon: White Line
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell while you get some profit. Good Luck!
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ETC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Support: Blue Line
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like, share and tell me in comments if my trading advices are working for you.
Show your love.
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Know when to buy ETC next run with 1 indicator.Buy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -6.68% -7.44% -7.44% appears you buy, if a green dot -6.68% -7.44% -7.44% appears after that green dot -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
Ethereum Classic (ETC) 30% Move Possible !!Ethereum Classic (ETC) Now Starting if Falling Wedge Breakout Succesfully then we have see a Big Rally in Ethereum Classic (ETC) .
I am Very Positive About this becouse ETC Completely Touch own Low Bottom and Spike From Here .
Let see.........!!
Share Your Opinion in Comment Box.
if You Satisfied With My idea Then Dont Forgot To Like .
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
ThankYou....................!!
SPOTTED! $ETC is on The Accumulation Zone! Whale's Insight!Ethereum Classic is the slowest market ever, but yes there is nothing actually matter better than a great timing for entry, including one of the slowest blue chips on the market like ETC.
1. My trend indicators is quite tempting at the moment for ETC, giving a quite good signal for entry along with the other indicators. No doubt for that.
2. Price action looks flat after a bearish momentum after few days pump on August.
3. Right now holding on support line for more than two weeks which is a good time for whales to accumulate it and looking for a good time to trigger the pump anytime soon.
4. For retails, one thing you should focus on timing for entry. Ride the whale's waves is the best thing you can do in trading but you need a proper analysis for that and also not only ready the technical part but also looking for good news/sentiment because the whales also looking for the same time to find a reason to trigger the so the retailers might think that news/sentiment is the trigger.
So, trade safe!
ETC - if willn't touch stop-lossThe most stable coin at the moment of the strongest fluctuation of Bitcoin -0.26% -0.63% , at the moment, like them, the other altcoins have actually fallen to their bottom. Based on the possible Fibo levels, we can assume that the price is now located directly at its stop-loss zone and you can enter into a Long trade when you start moving up. In general, if the level of 0.786 is touched, the losses will be minimal since the price does not move so far to the level, and taking into account the location of the nearest target, risk management is not justified. So far, I place the TP levels in accordance with the Fibo levels and a strong resistance zone . Most likely in the growth process there will still be a lot of adjustments regarding the TP, but for now I am inclined to follow this scenario. The nearest really strong event is scheduled for the end of this year. So we will look at the result closer to the winter holidays.
ETCUSD - W... X... Why...?ETC has a similar structure with all other majors (usd pairs) after the bounce.
There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH .
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement )
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up , reaction on the 0.65 , sell volume declining )
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