ETC - Short the breakdown to $8ETC formed a running flat and broke down presenting with a short opportunity down to $8.
BTC and ETH looking weak atm too. Very likely to see new lows on ETC as well.
Etcshort
Many Possibilities Within/Outside the ChannelNot investment/financial advice, just for observational/educational purposes.
ETCUSD is currently trading inside of a channel. If it breaks out, it denotes the end of a double elliott wave combo and a wave 3 with targets of 13.13-13.49. If it stays within the channel, it denotes a triple elliott wave combo with a potential target of 11.82. Should it break below 11.80, it could double bottom at the 10.74-10.21 range.
our Prediction for ETC/USDTwe think we can see correction for ETC to the area which with the red square and it will be good opportunity to collect it in this area
Also you can see support lines which we expect it can bounce from it on chart
Best of Luck.
Crypto Stars.
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ETC. We test global support.I have provided global support in the form of a pink channel. This is 4 attempts by sellers to break through this support. The critical point of the coin in the price zone is $ 13-15. If buyers keep this zone, then after consolidation I expect $ 25 per coin.
If buyers do not keep price zones 13-15 $ - then the coin will go in the green scenario to $ 10.
ETC SCENARIOTraders,
Here we have ETCUSD 4H chart.
Previously in the last idea about ETC we said that we have a launch and determined the TPS and we have TP till 19$ you can check it here below:
Now let's look at the bearish ascending wedge. Note that the top trendline is rising. Additionally the bottom trendline (rising bottoms) is rising. It's another battle between bulls and bears. The pattern is formed as each high is higher than previous and each low is successively higher as well. The difference being, the angle of ascent is steeper on the rising bottoms line. The steeper of the two trendlines in both the rising and falling wedge patterns will generally not hold because it becomes harder for bulls (bears) to sustain that acceleration (deceleration) in price. Though the highs are successively higher, their angle of ascent is less steep which implies bulls are not able to push prices high enough to maintain a complete rising trend channel. That is bearish. Selling pressure mounts until finally price will break down from the steep rising bottoms trendline which executes the pattern.
Usually we have 7 moves till the break and here we have it one 0.618 Fib and breaking with low potential.
Note : This scenario will be canceled if we have coinbase release the pair next months as they said.
This chart is a great example of both types of wedges executing with near perfection.
Like will be appreciated.
Regards,
Mohsen
wait for a rollback and come in shortafter the sellers passed and kept the price of 15 - they continued to move to zones 13.1 - 13.7. I anticipate that there will be a rollback to the zone 14.14 - 14.8, where you can successfully go short with stop 15.13 and target 11.8.
ETCUSD - My Bearish OutlookSo from what I see Ethereum like Bitcoin is also forming a symmetrical triangle. Because I see both patterns as being very similar and the outcomes most likely similar I have just copied over most of my Bitcoin analysis.
In my Bitcoin chart that I just published, I explained how In most instances, the symmetrical triangle is a continuation pattern which unfortunately would mean more downside for Ethereum.
Symmetrical triangles also indicate a period of indecision in the market which plays out as a pattern that moves sideways as bulls and bears fight for dominance.
As you can see by the chart we are seeing classic signs of the symmetrical triangle or contracting wedge , there is the continued tightening or coiling of the consolidation pattern along with decreasing volume as the pattern tightens
and pressure builds so when the breakout does occur you can usually expect it to be accompanied by a large spike in volume .
Generally, with a symmetrical triangle, the breakout will occur near the 1/2 or 3/4 point of the pattern, to me, it looks like we are very near the 3/4 point so I would say a breakout is imminent.
Looking at the chart I can see pretty good support around the $500 level and if that does not hold I see even stronger support in the $400 area and then in the $300 area.
Just based off what I am seeing in the chart I am bearish in the short-term (weeks or months) but remain bullish long-term (years). I will be watching the price action closely for possible trade opportunities and also for opportunities
to pick up more Ethereum at discount prices to add to my long-term holdings.
ETC goes to the next resistance levelHi there!
Prediction is simple.
As you see on the picture if soon we go to 0.5 level and rebounce within the channel boundaries, then the goal is to consolidate on level 0.618 and move farther to 0.786.
the second scenario is straight movement to 0.786
info is relevant till 15pm 4/28/2018
Ethereum Classic (ETCUSD) 4hr tf analysisMy previous post on Ethereum Classic can be found here
It was mentioned in the post that Ethereum Classic was in a minor wave 5 position and more selling was to follow to complete minor wave 5.
Ethereum Classic is identified in this analysis as having completed minor wave 5, which also terminates an intermediate wave (C). This implies that Ethereum classic will sustain an upwards momentum and the target area ( ~$20.78 and ~$20.07) set in this analysis is the region of the 4th wave of the previous degree i.e. Minor wave 4.
Point of invalidation (POI) of this analysis (not shown here) is a price close below ~$10.00.
Ethereum Classic update: 4hr tf analysisThe previous post for the 4 hour timeframe Elliott wave analysis of Ethereum classic can be found here:
This post provides an update. Price swing currently from the end of minor wave 3 (in red) up to ~$20.79 has been identified as a minor wave 4 position.
Ethereum classic based on this analysis is therefore in a minor wave 5 position. The implication of this is for Ethereum classic to close lower than $14.51 (the termination point of minor wave 3) before any bullish move can be sustained.
Point of invalidation (POI) for this analysis is a price close above minute wave ((ii)) of minor wave 5 i.e. $19.32, before Ethereum classic closes below $14.51.
Ethereum Classic (ETCUSD) not in the clear yet: 4hr tf analysisEthereum Classic (ETCUSD) sell off from ~$42.14 on Feb. 20, 2018 to March 18, 2018 (~$14.51) has been identified as a minor wave degree that is not yet complete with Ethereum classic currently in a minor wave 4 position. The possible termination point of minor wave 4 is the vicinity of the fourth wave of the previous degree i.e. minute wave ((iv)) of minor wave 3.
This region coincides with a 38.2% retracement of minor wave 3. The target area for minor wave 4 as shown on the chart between 38.2% and 50% retracement of minor 3 i.e. between $23.57 and $26.37.
Price of ETCUSD holding at the mentioned target area should result in another sell off that should see Ethereum classic at least close at or below $14.51. The arrows as used on the chart are used to indicate the trajectory for the price of ETCUSD.
POI= Point of invalidation for this analysis is placed at $30.14 at which point minor wave 4 would have overlapped more than 61.8% of minor w3.
$ETC Pump done, no more buyersETC with a 9 and 13 count, heading down to 300k sat., will bounce up, but long term going back to 200k.
ETCBTC [LONG AND SHORT]Hello!
Ethereum classic has a huge potential on grow.
A few big event is to take place in January.
Good luck.
UNEXPECTED FOR ETC ! After publishing my past idea about dropping before moon honestly I didn't expect that rough game so here is the support levels and resistances with breaking all the possible supports it's not even a mirror of (BTC) but we see a diamond next few weeks to reach ATH sooo fast Let's see
BE PATIENT GUYS :)
ETC COMEBACK SOONAfter a huge dip caused by big daddy COINBASE:BTCUSD we're going to test the ATH soon, followed by a small pullback.
After correction we are ready for mooning to a new ATH. Remember there's going to be an "Callisto" airdrop with ETC on 05.03.18.
Register for Binance here: www.binance.com
