ETC Short Term AnalysisWe might be headed back to retest the 67 line for a retest. On top of a double bottom which shows on the 4 HR, the 1 HR shows bullish momentum and a reverse head and shoulders pattern. Higher highs and higher lows are as bullish as you can get. Those will start to show in the bigger time frames. We are still bullish in the weekly. We need to recover the daily but that may time some time.
If you want to see how it will get there..look at the previous pump to 67. It won't be like that, but it will be similar.
ETCUSD
Ethereum Classic (ETC) - June 4Hello?
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(ETCUSD 1W Chart)
(1D chart)
It remains to be seen if the 69.480-91.012 can cross over.
If it falls from the 69.480 point, a short-term Stop Loss is required.
However, it may follow an uptrend line, so you need to trade cautiously.
If it falls in the range of 37.180-47.947, Stop Loss is required to preserve profit and loss.
You need to trade with caution as trading volume can drop sharply, which can lead to sharp volatility.
If it goes sideways in the 69.480-91.012 section, it is expected to lead to an uptrend.
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(ETCBTC 1W chart)
(1D chart)
It remains to be seen if the 0.0016415-0.0018253 zone can find support and move up.
If it falls from the 0.0016415 point, you need a short-term Stop Loss.
However, it may follow an uptrend line, so you need to trade cautiously.
The red color of OBV in the volume indicator is starting to show, indicating that selling is increasing.
However, since the trading volume has been greatly reduced, you need to be careful about fakes.
From May 18th, the CCI line in the CCI-RC indicator fell below the EMA line.
If the CCI line falls below the 100 point, volatility may occur, so trade cautiously.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
ETC BREAKOUT LOADING, Is $93 NEXT OR $32 ? #BLESSEDPIPSBeen following this chart for weeks, support held well at $66 looking for price to head to the next pivot point on the fib at $93. We could see a rejection at $78 ? This will be interesting to see if the cryptos bull run will return in full stride.
Please comment and give feedback.
#BLESSEDPIPS
ETC 1D Global Picture: Where to Sell and Where to BuyYour attention is the global picture on the ETCUSDT chart
At the end of last month, the Ethereum Classic price made a good x6 rally in less than two weeks , after which a correction phase began.
Later, the corrective fall accelerated the fall of the entire crypto market.
But there is also a positive point.
The fall was aggressively bought out from the $40-50 zone , and this is essentially the absolute maximum in 2018, which could not be updated for 3 years.
On daily candles, the ransom formed large shadows from below, and the candlestick bodies closed above the $47 level, testing the liquidity zone for strength.
This alignment of events gives hope that the price of ETCUSD may rise again to the price range of $115-125 .
In this area, you should cover the longs and look around.
Since further there can be two scenarios:
1) Fixing the ETC price above $115-125 will give a chance to think about the next global target in the $260 area.
2) If the negative background continues to dominate on the crypto market, then it will be possible to place buckets for purchases in the $20-30 zone, because this is the next liquid zone, which is below $50.
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Ethereum Classic attempt Hello Trenders,
Here a quick update of ETCUSDT.
Triangle formation.
I see a potential breakout with a first TP to 80 USD Zone then probably a retest support to confirm positive trend.
Few indicators support the idea but I see hidden divergence and triangle push towards price action.
M.M.M Make Motherfuc.in Money
Be wise: don´t work for the money, make your money work for you.
ETC - UPDATEETC so far playing out perfectly we caught the bounce from $40 on SPOT and are now already up over 100% on our investment.... from a technical perspective we can aslo see on the daily timeframe market broke above a strong level of daily resistance and also broke above this corrective down trendline.... price is currently retesting the area of previous daily resistance as new support i am waiting for confirmations on lower timeframes before we can look to capitalise on the next leg up.
ETCUSD further bearish correction aheadWednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
and primary target would be 35.00 Place your stop lose above 90.00 which is expected 200EMA resistance
ETCUSD H2Price is now at the descending trend line & structure resistance. Price previously, formed a double bottom formation at key level support, & broke the inner wedge pattern. I will be watching for a clear breakout of the resistance structure & descending trend line where price is currently consolidating at for confirmation to take a Long position.
ETCUSD Multiple bullish confirmationsETCUSD
Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the
extended target would be 135.00. We can set our stop lose below the 200 EMA. The current price was around .50 Fibonacci