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Etcusdlong

ETHEREUM CLASSIC REVERSAL IN SIGHT?Hey Everyone, The updates are coming as the reversals look like they are in sight... on many charts we are seeing double bottom patterns, or wedges in the final stages like we see here on ETC. There are two scenarios I am seeing right at this moment one where ETC could still hit the top resistance on the wedge bounce down and then try again, or the second being a direct break out now. Fingers crossed for the second! Many of the ALTS right now are looking like they are just about to POP! ARE YOU READY FOR IT??? REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BITFINEX:ETCUSD
by LisaNEdwards
1
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
ETCUSD - W... X... Why...?ETC has a similar structure with all other majors (usd pairs) after the bounce. There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH . Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction. Short term bias: Bullish (with a chance of deeper retracement ) Oscillators bias: Bullish ( points to a bounce soon (TM) ) Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up , reaction on the 0.65 , sell volume declining ) Zoom out: Zoom in:
BITFINEX:ETCUSDLong
by Acel
Limited downside potential for Ethereum Classic (ETCUSD)?:4hr tfMy previous post for Ethereum Classic (ETCUSD) can be found here: It was mentioned in the previous post that Ethereum Classic (ETCUSD) was expected to continue selling off and likely target support as indicated in the previous post. Ethereum Classic (ETCUSD) at the time of this post is consolidating just below the support region (also shown here also with horizontal red lines as in the previous post). Price action from ~$25.32 on May 7 2018 to the time of this post has been updated and identified as a 3 wave zigzag Elliott wave structure. Target area for the termination of the structure is indicated on the chart (~$14.51 and $13.67). Point of invalidation (POI) for the current scenario is a price close above ~$18.23 at which point wave (iv) would have overlapped wave (ii) for the current minute wave ((c)) position.
BITFINEX:ETCUSD
by Coin_Analyst
Wave analysis for Ethereum Classic: 4hr tfMy previous post for Ethereum classic can be found here. It was mentioned in the post that that a deep retracement was possible for Ethereum classic (ETCUSD) before the resumption of a sustainable uptrend. That is what Ethereum classic is working on currently as prices are currently in a downtrend on the 4hr tf. Besides, the previous analysis expected a slight bounce off of either support 1 or support 2 before further selling continued. Ethereum classic rather continued to sell off, taking out support 1 white it is meandering around support 2 at the time of this post. Price swing on the 4hr tf from ~$25.32 on May 7, 2018 to ~$16.93 is identified in this analysis to be part of a double zigzag Elliott wave structure that is not yet complete. A possible termination point for the current downtrend is indicated on the chart with horizontal red lines (~$15.90 and $15.66). Failure of Ethereum Classic to hold support at the red lines could see prices return to test $13.75 region or even lower.
BITFINEX:ETCUSD
by Coin_Analyst