ETC/USD Triangle. Pivot points. Past idea + 240%A symmetrical triangle is formed. The base of the triangle is over 200%. The price is shrinking. I marked the observation area. Target levels are similarly shown on the chart.
A local upward trend is developing. The secondary and main trend are downtrends.
If the triangle is broken down, a double bottom will form.
I marked the zones of price levels. Remember the support / resistance level is the area near the center of the line, not the line itself!
Now there is no entry point, but only a situation for observation.
Enter on a breakout or pullback after a breakout of support / resistance.
The tool allows you to work on the market both long and short.
Past trading ideas for this coin. ETC / USD Profit from entry point to maximum + 240%
ETC / USD Pivot Points. Wedge. Potential + 150% Dec 8, 2019
+ 150% exactly in the designated first target and observation area.
Next trading idea. An uptrend is developing.
ETC / USD A symmetrical triangle is forming. Past idea + 195% Jan 26 2020
Target taken. The triangle is broken upwards. Total profit from this trend + 240%
I wish all traders a big profit in trading. Train your brain and morality.
ETCUSD
ETCUSD: Analysis using Ichimoku 22/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming.
Conclusion:
We recommend selling from the upper line of the triangle pattern when the RSI reaches the overbought level again.
Also, we recommend to close sell and open buy when the price reaches the range of $5,8 - $5,5, and the RSI reaches the oversold level.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI is in an undefined state.
Conclusion:
You can try to sell with a short stop loss when the RSI H1 reaches the overbought level. However, it should be borne in mind that the upward movement may be higher for H1. A great option is to sell according to the H4 scenario from the upper line of the triangle.
In the medium term, we should expect the price to rise to the level of $8, possibly higher.
Ethereum Classic (ETC) - July 22Hello?
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We need to see if we can rise above the short-term downtrend line (2).
In case of a downturn, we need to make sure we get support at the 5.889 key point.
You should also watch for support on the long-term uptrend line (1).
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC is looking for head and shoulders patternETC is going to retrace back after being rejected from weekly level on 1st test at 7252.
The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level).
The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support.
We can call bottom trend line and monthly level as DUAL SUPPORT for ETC.
Once Monthly support level broken on 07 may 2020, it became resistance, as on breaking monthly level candle has to find a support, which in this case was weekly support at 6383.
Current Condition
From 27 June 2020 to 05 July 2020, ETC was in accumulation zone, mean bullish move ahead was on cards, and it happened. During that bullish move, it broke the weekly level at 6383, and it had to find a new resistance which was the next weekly level at 7252.
ETC has found a new zone of support and resistance between two weekly levels, 7252 (Weekly Resistance) and (6383 Weekly support).
Weekly resistance and weekly support has been tested both for the first time, and right now we may see some retracement back to 7252 level.
If you want to enter the trade on daily candles, during the next week 10 to 12 percent rise is expected. You can trade long but must excite before 7252, as it can retrace back. making HEAD AND SHOULDERS PATTERN.
Lookout for Head and Shoulders pattern for now in coming 10 days.
Trade according to the pattern.
Don't miss the great buy opportunity in ETCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (6.35). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 6.58
TP2= @ 6.80
TP3= @ 7.05
TP4= @ 7.30
TP5= @ 7.65
SL= Break below S2
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Don't miss the great buy opportunity in ETCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (6.35). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 6.58
TP2= @ 6.80
TP3= @ 7.05
TP4= @ 7.30
TP5= @ 7.65
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETCUSD: Analysis using Ichimoku 12/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. The price also broke the downtrend line at D1.
Conclusion:
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 61.8%.
H1
At H4, the cloud is directing upward, indicating an uptrend. The RSI is not far from the overbought level, indicating a possible continuation of the correction. Also, the divergence has formed on H1 between price and RSI.
Conclusion:
Selling ETC looks risky, since the correction model may take the form of a “triangle”, but you can use this setup and sell ETCUSD when RSI reach overbought level at H1. Stop loss must be set at 6.8.
Also, we recommend buying when the RSI reaches an oversold level on the H1 near level of 6.2.
$ETCUSDT if E.Classic breaks ...$ETCUSDT
if E.Classic breaks the DT top then i am in . until then not interested
ETHEREUM-CLASSIC Scoring
Overall Score: 59.65%
Open communication channels: 0%
Team strength: 0%
Product strength: 20%
Coin strength: 92%
Brand awareness/Buzz: 80%
Advisory board strength: 0%
Activity on social media: 25%
Quick Research
Purpose: Conditional Trustless transactions, Replace traditonal contracts between parties, Build Decentralized applications Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, token issuance
Consensus Method: Proof of work
Emission rate: Deflation through token burning
TXN'p/s: 0
Abstract:
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Investment data
Listed on 84 exchanges
CoinMarketCap Rank: 22
Market Cap: $574 M
24H Volume: $622 M
Coin Age: 39 months
Ethereum Classic (ETC) - July 6Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to see if we are supported by the long-term uptrend line (1) and can rise above the 5.889 point.
If we can get support at the critical point of 5.889, I think there is a possibility that it will turn into an upward trend.
-------------------------------------------------- -----------------------
** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC Long - Expect some profitsBullish Divergence can be seen on 4 Hours timeframe. If you are taking this trade, use tight stop loss and manage your risks. Profits can be more than expected. It's better to have precaution and Bitcoin is showing some unexpected movements too.
If there is confirmation above the line it could show some massive moves, If you want to hold this trade for long. Book partial profits and then use trailing SL with this trade