ETC: Analysis using Ichimoku 06/06/2020H4
The visually visible upward channel, the borders of which in the near future will be tested by the price.
The ETC price is trading below the Ichimoku cloud, indicating a local correction.
RSI is near the oversold level, indicating the possibility of a change in trend.
Conclusion:
We recommend buying from the key Fibonacci support levels of 50% and 38.2%.
H1
Visually, the border of the downtrend is clearly visible.
The price slowly declines below the Ichimoku cloud.
The RSI is near the oversold level, indicating a possible end to the downward movement.
Conclusion:
We recommend buying when the RSI of the oversold level is reached, and also continuing to buy after the price is fixed above the downtrend line.
Good luck!
ETCUSD
Ethereum Classic (ETC) - June 5Hello?
Dear Traders, Nice to meet you.
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We need to make sure we can climb above the 7.008 point.
You must be supported by the uptrend line (2).
The 7.685 point failed to touch and fell.
If it rises after the date indicated on the chart and fails to touch the 7.685 point, then it is possible to touch the 5.889 point.
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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: A 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
Ethereum Classic (ETC) - May 31Hello?
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We need to make sure we can climb above 7.685.
You should also check if you can get support at point 8.3.
If it falls, it must be supported at 5.889.
You need to make sure you can touch the 10.380 point.
------------------------------------------------
** 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: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
ETC/USD first target 7.64$Hello Traders,
ETC is very similar to other altcoins in USD pair, we have the price above the short term uptrend line and seem bullish, but we got an important resistance level around 7.64.
That's will be my target in the short term, if we break we can think the target around 9$ in the next few days.
Best regards, Sandro, and Gustavo.
Feel free to visit my pages if you would like to know more.
Ethereum Classic (ETC) - May 27Hello?
Dear Traders, Nice to meet you.
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Points to be raised and supported: 6.802 points
If it falls, you need to make sure you can get support at point 6.442.
You should also see if you can climb above the 7.008 point.
------------------------------------------------
** 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: A 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 - Big pump potentialETCBTC looks extremely interesting. If you look at the chart you can see that now the ETC is located near the important 'decision zone'. Based on historical data, in this area the price either powerfully pulled up or began to slowly fall.
I'm long (spot) and bet on the upside, R:R here is more favorable for longs + after May 15th it slowly climbs.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Ethereum Classic (ETC) - May 21Hello?
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We need to make sure we can get support from the uptrend line (2).
------------------------------------------------
** 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: A 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 TRADE IDEA
Entry should be at the pullback of this move up at $6.3 level
1h candle blew right through and hasn't retested, either price rejects now and hits buy entry at $6.3 or it rejects off $7.66 and falls back down
I don't see a $5 psychological support dump very likely, $6.3 is my buy entry point
Sell target would be $7 .66
Ethereum Classic (ETC) - May 17Hello?
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"Like" is a great power for me ("Like" gives me the power to post charts).
By "following" you can always get new information quickly.
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You need to make sure you can get support above 50 EMA on the 1W chart.
You should also see if you can climb above the 7.008 point.
I think it is in a good position to climb.
However, depending on the market situation, I think that you should always trade according to the market situation, as it may fall without saving opportunities.
If you fall below the 5.889 point, which is the most important point in the vicinity of Low, you can say that you don't know how much it will actually fall.
The 5.889 point is a very important point, so it must be absolutely supported.
If you get a good chance and get support at point 7.008, you're likely to touch near point 10.380.
------------------------------------------------
** 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: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section