ETC/USDT price is ready for testing on the Bull Flag resistance!💎 Paradisers, the recent market dynamics surrounding #ETC have been noteworthy.
💎 After a successful rejection from the support zone around $24, ETC has bounced back upwards.
💎 Currently, it seems poised to continue its upward trajectory toward the resistance of the Bullish Flag pattern, indicating a potential continuation of the bullish trend. Breaking out of this pattern is crucial for further advancement toward our target resistance area.
💎 However, should ETC fail to break out of the pattern, it may be retracing back to the support area. Yet, if the support fails to hold and the price breaks below, further downward movement towards the demand zone around $18.7 could be expected.
💎 Historically, ETC has shown resilience with consistent bounces when revisiting the demand area. Therefore, if the price revisits this zone, there's potential for a rejection and subsequent upward movement. Reclaiming a price above $24 is essential for continued upward momentum. Failure to do so could signal a bearish reversal, prompting a retest of the demand zone.
💎 Bullish invalidation would occur if ETC fails to maintain a price above the demand zone, closing the candle below this level. Such an event could signify a bearish momentum shift, potentially leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
ETCUSDT
ETC/USDT 4HInterval ChartHello everyone, let's look at the 4H ETC to USDT chart as we can see the price is bouncing from the lower boundary of the downtrend channel.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5= $37.63
Now let's move on to the stop-loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, there is still room for a continuation of the upward movement, while on the STOCH indicator we have exceeded the upper limit, which may result in a deceleration of the current movement.
ETC at the first support zoneHello everyone, let's look at the 4H ETC to USDT chart, as we can see, the price is staying in an uptrend channel, from which the attempt to break out from the bottom has been temporarily stopped.
Let's start by setting goals for the near future that we can include:
T1 = $33
T2 = $40
AND
T3 = $50
Now let's move on to the stop-loss in case of further market declines:
SL1 = $24 - $22.8
SL2 = $20
AND
SL3 = $15 - $13.50
Looking at the RSI indicators and the STOCH indicator, even though we are already quite low, which could indicate an upcoming rebound, we should be careful how BTC itself, which is followed by the entire market, will behave.
ETCUSDT Bullish Opportunity with XABCD Harmonic PatternOverview:
ETC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action nearing a crucial support zone. This confluence suggests a potential bullish reversal from point D, indicating favorable trading opportunities for market participants.
Key Technical Observations:
1. XABCD Harmonic Pattern: The chart analysis reveals the emergence of an XABCD harmonic pattern, characterized by distinct price swings that conform to Fibonacci ratios. This pattern indicates a potential reversal zone, with point D signaling a probable shift in market direction.
2. Key Support Area: Price action has approached a significant support area, enhancing the likelihood of a bullish rebound. The convergence of the harmonic pattern and the support zone strengthens the validity of the anticipated bullish move.
Trade Recommendations:
- Entry: Consider initiating a long position near 32.8150, aligning with the anticipated bullish reversal at point D of the harmonic pattern.
- Stop Loss: Implement a stop-loss order at approximately 31.1750 to mitigate potential losses in case of adverse price movements.
- Take Profit Targets:
1. TP-1: Set the first take-profit level at 34.5800 to secure profits as the price advances in the bullish direction.
2. TP-2: Aim for the second take-profit level at 36.1933 to capitalize on further upward momentum.
3. TP-3: Consider a third take-profit target at 37.8760 to maximize returns as the bullish trend potentially extends.
Risk Management:
Maintain prudent risk management practices by adhering to the specified stop-loss level and adjusting position sizes according to individual risk tolerance. Periodically reassess the market conditions to adapt trading strategies accordingly.
Conclusion:
In summary, the technical analysis of ETC/USDT suggests a favorable outlook for bullish opportunities, supported by the formation of an XABCD harmonic pattern and price action nearing a critical support area. Traders are advised to consider the provided trade setup, incorporating appropriate risk management measures to optimize potential returns while safeguarding against downside risks.
ETC/USD Secondary trend. Downtrend channel. Pivot zones.Logarithm. Time frame 3 days. Secondary trend. Downtrend channel. Pivot points.
Linear chart to illustrate the trend.
This is what the main trend of this cryptocurrency looks like now. Time frame is 1 week.
ETC/USD Main trend. Channel.
Linear chart for clarity and understanding of local cycles.
Local work
ETC - BUY SETUP (NOV 2023)ETC - BUY SETUP.
Based on technical analysis, the current setup of this coin appears to offer a favorable buying opportunity. Key indicators signal promising trends, suggesting a potential advantageous entry point. However, prudent consideration of market volatility and risk management is essential before making any investment decisions in the cryptocurrency market.
"Fly Like There Is No Tomorrow Left" #ETCETC is currently forming an Adam&Eve formation.
According to Elliot Waves Theory, this is the road map for ETC.
If you are using Leverage on your trades, wait for it to close above 34 in daily time frame.
Use only 2X, accept the fee and hold until the wave 3's final rotation which is 69.
If you are buying products like an investor, you will have 2 options;
-Buy now and wait until first target (69)
-Or simply buy and hold until second target which is 95 (it will take months)
Remember that it's a long term time frame and it will not be achieved in a couple days (I hope it would).
All Targets Specified On The Chart.
Good Luck To Us All.
Cryptolean Ethereum Classic ETC UpdateEthereum Classic recovered from the daily range zone between $26.49 and $29.43, which is positive.
A sustained price action above $29.43 or, even better, a daily candle closure above $31.02 will will result in a re-test of $32.91-$34.26 where the Ethereum Classic price action will be very important.
A rejection of $31.02, followed by a bearish break-out of $29.43 will push ETC price lower towards $26.49.
ETC/USDT ascending channel trajectory what next? 🚀ETC Analysis💎 Paradisers, take a moment to observe #ETCUSDT intriguing path. It's currently tracking an ascending channel, closely evaluating a crucial support level. Should it maintain its momentum, we're poised for a bullish breakout.
💎 Should #EthereumClassic's drive falter at this support, it's our cue to adjust our approach. Anticipate a bullish bounce from a lower support level, where there's a notable chance for a rebound, given its history of honoring this level on two occasions.
💎 Vigilance remains paramount: a descent below this further support could herald a more pronounced decline as market sentiment shifts towards selling. Remain alert, Paradisers, as we navigate the nuanced movements of the #ETC market.
Cryptolean Ethereum Classic ETC Update For now, Ethereum Classic found a support at $29.43 and is re-testing $31 resistance.
A bullish break-out of $31 and a bullish candle closure above this level will result in a re-test of $32.91-$34.26 where the EthereumClassic price action will be very important.
A rejection of $31 followed by a bearish break-out of $29.43 will push #ETC price lower towards $26.49.
Intraday Chart
The ETCUSDT 4-Hour chart is bearish and lingering around $31.
A bearish rejection of $31 or $33.10 resistance will push ETC price towards the key intraday support zone at $26.76-$28.53, where I will be closely watching the price action.
A bullish break-out of $31 followed by a break-out of the key resistance at $33.10 will push price to re-test $37, however the price action may be slow and choppy .
Support once read!
Thank you.
ETC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H ETC to USDT chart, we can see the movement inside the side triangle marked with blue lines.
Let's start by setting goals for the near future that we can include:
T1 = $36.81
T2 = $38.14
AND
T3 = $40.33
Now let's move on to the stop-loss in case of further market declines:
SL1 = $35.78
SL2 = $34.60
AND
SL3 = $32.69
Looking at the STOCh indicator, you can see how there is room for a potential upward move, while the RSI indicator shows a move in the lower part and room for the resistance line for an upward move.
🚧ETCUSDT will Go Up Again🚧 Road Map(1-D)🗺️!!!Hi.
😊Today, I want to analyze ETCDUSDT for you in a WEEKLY time frame so that we can have a Mid-term view of ETCUSDT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️As you can see, ETCUSDT is completed this pattern, and if it follows this pattern Price can grow a lot.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
-ETC has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pattern is Visible on The chart!
-AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Signs of change1-(Jun 10 2023) Ethereum Classic (ETC) is not a security under existing United States laws
2-(24 Nov 2023) Golden Cross
3- (17 Jan 2024) BTC Sees Its 1st weekly Golden Cross. lets take a deeper look:
Bitcoin (weekly)
Conclusion:
Mentally prepare yourself for bull markets (Ignore people who sell ETC now (they cannot predict what will happen!) you will see the result soon!)
Target-1 (short term) = $ 45
Target-2 (medium term) = $ 95
Target-3 (long term) ----> 1 ETC = 1 BNB
🚧ETCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Ethereum Classic has been consolidating for a long period, indicating a major bullish price move is forthcoming.
Now price printing higher lows in a bullish pattern that is expected to reach $40 once the consolidation range breaks out.
🤑Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETCUSDTFrom the general view of the chart, we find that the price extended to approximately 470 days. It was not able to break the strong support area shown in the drawing, and there is a final, incomplete ascending wave. It is possible to rise strongly soon to the shaded area above to close a large flat shape, so let us see what will happen.
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
ETC buy setupOn the ETC chart, after a BOS, iBOS and iCH, we have a bullish view on this symbol.
The Demand range is the right place to enter a Buy/Long position.
I specified the targets on the chart.
Closing a daily candle below the invalidation level will invalidate our view and invalidate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
ETC/USDT Break Alert! Indicating Upward Momentum after retesting💎ETC has recently experienced significant market dynamics, breaking out of a key resistance level area.
💎 There's potential for the price to undergo a retesting phase before continuing its upward movement, probability of reaching our target area.
💎 However, if during the retesting phase, ETC fails to bounce or even breaks down below the support level, it could indicate a false breakout. In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $28 area.
💎 It's crucial for ETC to bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ETC.