ETCUSD ❕ held the support levelThe fall in price was accompanied by a decrease in trading volumes.
The price consolidated above the 100MA (4H TF)
I believe ETC could rebound if it consolidates above the current support level.
ETCUSD
✅TS ❕ ETCUSD: reached the support✅✅ETC has reached the support level. The price has already bounced off the level somewhat and was going up. I expect repeated growth.✅
🚀 BUY scenario: long to 41.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Ethereum Classic's faltering rallyLong term I am bullish on Bitcoin and Cryptocurrency.
Short term, I think we are likely to see a rapid sell off to around $16.6k.
When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued.
1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60.
2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46.
Best of look out there.
RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
ETC/USDT 4HOUR 😊Hello to the respected members of TradingView 🥇🎯
Ethereum Classic was able to break its 200 EMA to the upside again.
Currently, the price of Ethereum Classic is hitting the ceiling and floor of the blue channel, and the price has also reacted a lot to the midline of the blue channel, so the blue channel has high credibility.
If the price stabilizes above the $45.70 level. It has the ability to achieve the targets of $51 and $57.
Otherwise, the price with the break of the $31 level and also the break of the green daily trend line, the level of $28 and the daily support of $25 is the barrier to the price of this currency.
Arztoday Team 🎗
Ethereum Classic (ETC) - September 6Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ETCUSDT 1D Chart)
1st resistance: 40.76-43.40
2nd resistance: 47.10
1st support: 36.26,
2nd support: 30.50-32.78
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, the key is whether the 36.26-47.10 section can be supported and rise.
In particular, we need to see if we can move above 40.76 to break out of the medium-term downtrend line.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ETC USDT SETUP ETC USDT
We note that the currency on all frames is good and has broken the downtrend, so it may reach those goals
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 35.47
TP2= @ 38.11
TP3= @ 41.22
TP4= @ 45.72
TP5= @ 48.31
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
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💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 35.47
TP2= @ 38.11
TP3= @ 41.22
TP4= @ 45.72
TP5= @ 48.31
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETCUSD ❕ the price is under the downtrend lineETC is moving in a range, under the downtrend line.
Volumes are down on the drop in price, but are showing interest in the rise in price.
TD Sequential has formed a reversal signal up (1H TF)
I expect the asset to react to the trend line, and will continue to rise after fixing above the lower boundary of the range.
ETC and reduce the volume of transactionsDue to the continued decrease in the volume of transactions and the inability to build a higher high, if the $29 support fails, the price can continue to drop to the $24 level.
Soon ETCUSDT ShortHi friends, this time I'm testing the MA and Regresse passes, on the D chart it looks promising for an early fall. So short for at least 2-3 entries and a goal somewhere under 18
ETCETC appears to have broken out of the LT triangle correction, since this break out doesn't look impulsive yet I'm ruling it an ABC bearish move up which can hit $72 into Oct before another big sell off. If the C wave up leads into a786% correction of the ABC move then I'd rule that sell off as a wave 2 and the ABC would be a W1. Let's see
Long on ETCAnother crypto trading idea from us today, with our focus on ETC and going long. The trading parameters are as below:
Long ETCUSDT
SL: 32.96
Targets: 34.4 - 34.74 - 35.33
Bull flag pattern
Hi everyone. A Possible scenario is shown in the chart.
Jul 30, Take-Profit:
Jul 17:
ETCUSD: Growth PotentialHi all.
Earlier, the growth dynamics of ETC caused the price to soar more than 200%, which in turn formed a powerful upward momentum.
At the moment the price continues to correct within the supposed local wave 4.
I am closely watching the price and will be included in the trade, if further growth is confirmed.
ETC Scalp Long📈ETC is nice candidate for long since:
⭐️ BTC has similar trendline
⭐️ Accumulation 3 days
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ Stoplosses are close
⭐️ Retested important zone
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
ETC/USDT - 27.08.22 - Market UpdateHello Traders!
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to consider buying.
The range for asset accumulation will be a zone of $11.30-14.50.
The targets will be the levels of $29.00 and $44.50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETCUSD ❕ bearish divergenceBroke through the upside of the 200MA (4H TF)
Price and RSI formed a bearish divergence (1H TF)
I expect that the asset may go down, but after the test and fixation above the support level, ETC will continue to grow within the range.
✅TS ❕ ETCUSD: went down✅✅ETC formed several peaks, after which the price went down. The trend has changed and now we can expect the movement to continue.✅
🚀 SELL scenario: short to 26.47.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Etc .. People always buy from the topsWhy people buy from the top of a currency .. There are currencies that have not moved yet!!
