Ethereum Classic vs Bitcoin ConsolidationThe bulls have the upper-hand here.
Ethereum Classic peaked 6-September vs Bitcoin.
A strong correction followed which ended in a sudden stop, flat.
Going flat at exactly the 0.618 Fib. retracement level which is the Golden ratio and at the same time MA200 support, on low volume, is a strong giveaway if you are into reading the charts.
Some more consolidation yet at any time, ETCBTC can shoot up.
A drop is always possible but low propbability at this point.
Support remained intact 8-9 Nov. when we had a strong drop all across... If it didn't fail back then, now we just wait for the move up.
Namaste.
ETCUSDT
5 Classic Signals Tells Us Ethereum Classic Will GrowWe have a convergence of multiple classic signals on the Ethereum Classic vs Tether chart.
Let's look at those now.
1) The classic falling wedge pattern.
2) The very common higher low (Nov.-higher vs June-lower).
3) Price bounce after hitting below the 0.786 Fib. retracement level.
4) Strong RSI (bullish above 50).
5) Trading above EMA10.
Each of these signal is strong enough by itself...
In conjuction, the paint a clear for ETCUSDT; The bullish bias here is strong.
Namaste.
ETCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Almost nothing has changed from my last idea,
We complicated the corrective structure to a double zigzag (wxy).
Entry: market and lower
Target: 27 - 37 - 55
MAIN TARGET ZONE: 50-60$
after first target reached move ur stop to breakeven
Stop: ~13 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 7
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ETCUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 40 - 50 - 60
after first target reached move ur stop to breakeven
Stop: ~15 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ETCUSD Potential BottomThis is my 2nd publishment, so hopefully this is helpful.
My tops/bottoms indicator had given a bottom signal a few bars ago for ETCUSD on the 30 minute chart indicating a potential increase may be coming. I don't suspect this is inherently the lowest the price may go, or perhaps it could be? I suppose we'll see.
ETC BULLISH FLAG 🤓🚩🤓🚩🤓🚩Hi dear traders
ETC has formed a bullish flag🏁 pattern.
In the daily time, bullish divergence is seen.
I expect the price to rise to the bottom of the ascending channel.
You can wait for the approval of the template to enter.
EMA20 plays the role of resistance, it must pass through this resistance to climb.
All targets specified.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ETCUSDT Prospects for Ethereum classic price movements in futureBefore you is the global graph of the ETCUSDT trading pair
After the rapid growth of the ETC price in 2021 by +3700%, since May 2021 the price has been in a downtrend for more than a year.
The correction of the ETCUSD price from the maximum value of $179 was -93%
It seems that during June-July 2022 the bottom and the completion of the correction and after a powerful shot of the ETCUSDT price upwards by 111% was formed
It is very likely that the banal, ETCUSDT price flew up so rapidly following the price of its expensive fork - ETH (this project is over saturated with promising news in the future)
By the way, here our a global idea for ETHUSDT, which works well.
So, after such a rapid growth, a price correction is needed.
Buy zone where the ETC price can roll back - $18.40-21.40
That is, strong cryptocurrency market = weak correction = $21.40
Again, negative in the cryptocurrency market = deep correction = $18.40 or even lower.
The target from above for the next strong wave of growth is in the area of $44
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
ETC/USDT - LONG SCALPING-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ ETC/USDT ⚡️⚡️
Exchange: ByBit USDT
Trade Type: Breakout (Long)
Leverage: Cross (5.0X)
Entry Orders:
1) 24.71 - 100.0%
Take-Profit Orders:
1) 25.435 - 60.0%
2) 25.925 - 15.0%
3) 26.56 - 15.0%
4) 27.525 - 10.0%
Stop-loss Orders:
1) 23.35 - 100.0%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
Ethereum Classic (ETC) formed bullish BAT a good buy opportunityHi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously we caught a nice pump of ETC:
Now on a 4-hr time frame, ETC has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ETCUSDT (Ethereum Classic) Daily tf Range Updated till 26-10-22ETCUSDT (Ethereum Classic) Daily timeframe range. There are lots of #scope in this chart. a lot of #scope for day trading or scalp setups. the volume is optimal here. price action is more stable than dozens other bat shit crazy alts out there. but that stability can effected by btc.
Ethereum classic (ETC) have the most clear chart!Hello, everyone!
Today is the turn of my favorite altcoin. Ethereum classic have the most understandable Elliott wave structure. Last time I entered short position at $44 when the insane short have been flashed with the MACD bearish divergence. Now it does not matter, but the price have already flashed the insane long and I am going to show you my thoughts about mid-tern price action.
When the crypto market touched it’s previous bottom and formed the bullish rally ETCUSDT showed the incredible pump which had the clear 5-waves Elliott structure. The wave 5 have been detected using bearish divergence with the MACD. After the the ETC started the 5-waves cycle to the downside and we can see that the MACD have already formed bullish divergence on the 1D timeframe. I think that it was the wave 5 finish inside wave 3. Now we can expect wave 4 – it is not the market reversal, but we can catch the bounce. We also can define the clear target for the pump – 0.618 Fibonacci retracement level. Also there are a lot of liquidity of short traders which has to be collected before the new dump.
Best regards, Ivan
ETC showing bear candlestick patterns - Short-term downtrendYou can call these patterns Doji, shooting star, etc., however they are all bearish.
That means on the short term, there is a good chance ETC will test the $22 area. But please note, this pattern can quickly change too. That's why I make frequent updates.
Long term we are still bullish, and I've highlighted the green zone above, where any break from this point will indicate a serious bullish long term hold.
However, I've also highlighted local zones, and really low zones to buy if it drops.
I recently posted a chart saying "Have I missed the train?" That was for people who weren't sure whether they were too late.
From my previous ETC idea we hit +100% profit, and then I posted a chart for those that want to buy in. I suggest waiting for a good test of the support line for those that
haven't bought yet.
Otherwise, holders, hope this chart helps you in the long term.
Message me for any signals, my indicators, how I set this up, and other questions. I will gladly sit down 1 on 1 and talk it through.
#ETC/USDT 1DAY UPDATE Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
Ethereum Classic (ETC) continued to trade close to a three-month low on Tuesday, after hitting this mark to start the week.
Yesterday, the token hit a three-month low of $23.10, and 24 hours later, prices remain near this point.
Following a move to a high of $24.31 earlier today, ETC/USD once again moved lower, dropping to a bottom of $23.73 in the process.
This week’s low saw ETC move below a key floor of $23.20, which has been in place since mid-July.
In addition to price, the 14-day relative strength index ( RSI ) has also hit a multi-month low following the bear run.
For traders looking to buy the dip, this is potentially a positive sign, as we are firmly in bearish territory, and could eventually see bulls choose to reenter the market at this point.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you