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Ethereum Classic (ETC) 1DAY UPDATE BY CRYPTOSANDERS !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Ethereum Classic (ETC):-one of the most notable movers on Monday, as the token fell by over 12% to start the week. Following a high of $33.41 during the weekend, ETC/USD slipped to an intraday low of $27.91 earlier today. The drop comes less than a week after Ethereum classic was trading above $40.00, ahead of last Wednesday’s Merge. Monday’s drop sees ETC move to its lowest point since July 27, when the token was trading near $24.00. As of writing, earlier price declines have eased, with ETC now back above the $30.00 mark. After a brief breakout, the 14-day relative strength index (RSI) is also tracking marginally above support of its own at 40.95. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
etc coming down hard etc down about 6.5-7 percent since markets closed at 8pm compared to the rest of the market, it is clear there is a whale selling. could be a fakeout or possibly having a negative reaction to the merge. we could etc come down to test the $30 level, and possibly sub 30 still a lot of new info coming out every hour about etc/ eth merge negative and positive effects, but its clear a big group of people wanted eth to be proof of work based on the pump etc has had since june, but now that the eth is here, we will see very soon if etc will hold and stay relevant as we get further into proof of stake Ethereum
COINBASE:ETCUSD
by WickWatcher
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS The last hours were very tense and accompanied by increased volatility If the ETHUSDT price reacted with moderate growth Then the ETCUSDT price look like is preparing for rapid growth. In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44 Well, then the way will be open for growth in $80 are a Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21
Ethereum Classic formed bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Ethereum Classic (ETC) with BTC pair. Previously ETC was very close to complete a Gartley pattern , but pumped before the completion: Now on the 4-hr time frame, ETC has formed another bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low and RSI is setting a lower low. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline . If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset: If you connect these closing price and draw the line, it becomes a line chart: Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes: Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red: Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target: Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout. Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
35