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Etcusdbuy

ETC - if willn't touch stop-lossThe most stable coin at the moment of the strongest fluctuation of Bitcoin -0.26% -0.63% , at the moment, like them, the other altcoins have actually fallen to their bottom. Based on the possible Fibo levels, we can assume that the price is now located directly at its stop-loss zone and you can enter into a Long trade when you start moving up. In general, if the level of 0.786 is touched, the losses will be minimal since the price does not move so far to the level, and taking into account the location of the nearest target, risk management is not justified. So far, I place the TP levels in accordance with the Fibo levels and a strong resistance zone . Most likely in the growth process there will still be a lot of adjustments regarding the TP, but for now I am inclined to follow this scenario. The nearest really strong event is scheduled for the end of this year. So we will look at the result closer to the winter holidays.
BITFINEX:ETCUSD
by ArtemVeter
1
ETCUSD Bearish or Bullish ?Hello Guys! this the chart of ETCUSD 4H. Points to monitor - 1. on the 4 Hour Chart conversion line crossed up base line below the cloud this is sign that market is recovering and you should close your short position. On the daily chart conversion line is still below the base line. 2. on the daily chart moving averages are little away from price, if indicator show momentum ETC should touch MA on the daily chart. 3. Stochastic RSI is showing overbought on 4H chart and a little movement in the daily chart 4. Now we should look at the resistance 12.238$ and 13.668$
BITFINEX:ETCUSD
by UnknownUnicorn3470358
Ethereum Classic (ETCUSD): 3 key info. to keep in mind.An update to the previous post on Ethereum classic is given below with commentary provided based on the numbers marked on the chart. (1) Bullish price channel (also shown in the previous post) in pink dotted lines had a false breakout to the downside on July 24, 2018 with price returning back inside the channel. A second attempt at breaking the channel to the downside occurred on July 31, 2018, with a break below the channel implying further movement to the downside for Ethereum Classic (ETCUSD). Also, price action in this analysis from July 07, 2018 to current date is captured with a descending triangle chart pattern which is ideally bearish, albeit not 100% of the time. This also supports the fact that price broke below the bullish channel and so to expect Ethereum Classic bears to overwhelm the bulls. Lack of price action closing below the descending triangle, but instead closing above ~$17.04 would indicate a pattern failure for the descending triangle which could result in higher prices for Ethereum Classic. (2) Support region between ~$14.72 and $14.18 that is expected to offer support should Ethereum Classic close below ~$15.83. Price action moving below $15.83 could result in price targeting the lower support region i.e. (3) between ~13.21 and $12.24.
BITFINEX:ETCUSD
by Coin_Analyst
Ethereum Classic analysis: 4 major considerationsThe Daily tf chart of Ethereum classic (ETCUSD) is shown in this analysis with chart patterns annotated and discussed below in an ascending order: (1) Major trendline in Ethereum classic since inception that is still currently active with the most recent pivot used to draw the trendline being price close of ~$12.54 on June 11, 2018. A break of this trendline to the downside could result in a sharp downturn in the price of Ethereum classic. (2) A horizontal (range bound) channel between ~$12.94 and $25.53 that has been active since ~April 06, 2018. A breakout above the top of the channel could see the price of Ethereum classic reach about $38.12. Price reaching and/or slightly closing above the top of the channel and failing to continue the bullish momentum will establish a possible rectangle bottom pattern. (3) A rising channel inside of the horizontal channel (i.e. number 2 above). Price breaking below the bottom of the channel could see Ethereum classic test its major trendline around $14.06, while a break above the top of the rising channel could see Ethereum classic reach ~$27.05, which is just above the top of the mentioned channel ($25.53) in number 2. (4) Support between $12.94 and $9.42. This also coincides with the major trendline and therefore indicates strong support for Ethereum classic. A break below $9.42 could result in a price collapse till ~$2.
BITFINEX:ETCUSD
by Coin_Analyst
Elliott wave analysis: Ethereum Classic 4hr tf Price action in this analysis from the price bottom of ~ $13.16 on April 6, 2018 to current date has been captured in a price channel with a minute wave ((iii)) position that just ended. This implies that a correction is next i.e. Minute wave ((iv)). A guideline for the terminal point of wave ((iv)) is at the 38.2% retracement of wave ((iii)). The 38.2% ($19.89) retracement coinciding with the bottom of the channel (marked with the blue box) increases the chance of price actually targeting this region for support. The region of support as used in this analysis is the 38.2% and 50% retracement ($19.89 and $19.13). Further evidence indicating the possibility of a retracement is also provided by the 4hr tf RSI has shown in this analysis with a downward slope out of its overbought region. Termination of wave ((iv)) in the support region should be followed by minute wave ((v)) targeting the upper region of the channel and arrows are shown to indicate the trajectory for the price of Ethereum Classic (ETCUSD). Point of invalidation (POI) for this analysis is placed just below a 61.8% retracement of wave ((iii)) by wave ((iv)). POI = ~$17.61
BITFINEX:ETCUSDLong
by Coin_Analyst
Ethereum Classic’s (ETCUSD) 4hr tf updateMy previous post on ETCUSD can be found here: Ethereum Classic’s current uptrend on the 4hr tf has been updated with the possibility of a Minor and intermediate wave degree terminating at ~$13.15 on April 06,2018, which both support the establishment of the current uptrend. The most likely target for Ethereum classic is the 4th wave of the previous degree (i.e. Minor wave 4). This region has been indicated on the chart (~ $20.83 and ~$20.13). It would be great to see Ethereum classic hold in the region of the target area with another 3 wave correction established, as this would imply even further higher price for Ethereum Classic. Point of invalidation (POI) for this analysis is a price close below ~$13.72
BITFINEX:ETCUSD
by Coin_Analyst
1