ETCUSDT
Ethereum classic forming a falling wedgeHello traders,
Here is a chart of a strong Alt coin ETC. ETC is forming a falling wedge. Look carefully for a breakout or resistance at the top of the falling wedge.
On a breakout to the upside, there should be heavy volume. Right now we are likely to see a reversal to the top of the wedge also because volume is extremely low.
Volume is key in general but even more in breakouts.
If the for the moment waek BTC continues to plunge then the ALTS may struggle to move up unless Bitcoin drops very slowly and the dominance decreases.
The RSI looks like broken out which is a bullish sign but this bar has not finished yet. Also a nice positive divergence helps but it is not yet the case.
Further it is very important to analyse Bitcoin then you get a better feel for all the ALT coins because BTC still is the leader from the crypto currencies. If it goes down heavy the whole market plunges too.
ETCUSDT (Channel Breakout)ETCUSDT (1H Chart) Technical Analysis Update
Descending channel breakout
ETC/USDT currently trading at $0.1335
Buy-level: $35.75- $37.00
Stop loss: $31.60
Target 1: $41.75
Target 2: $46.00
Target 3: $50.00
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ETC/USDT 416% profit now and time to book huge profit#ETC/USDT Profit update:
$ETC currently trading at $46 and now you are in huge profit.
417% pure profit without leverage.
Entry was : $10 ✅
TP1: $21 ✅
TP2: $42-$45 ✅
TPs : Pending ( hold only 5-10% of your profit )
Guys hope you very very happy with my analysis.
Now please close trade and book profit here.
I closed 100% positions here because I am happy with huge profit.
No matter what will Top of $ETC/USDT
Resistance: $45
Now $45 is very very strong support level.
If hold this and sustain above $45 leave then Next move towards $100 but for safe side book profit.
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ETC/BTC 271% up from our entry so now time to book profit#ETC/BTC Profit Update:-
#ETC currently trading at 7200 Satoshi
And Our entry was 2000-2100 Satoshi
Now 270% up from our entry.
Hope you enjoying our Profit ride.
Entry:- 2050 Satoshi ✅
TP1:- 3028 Satoshi ✅
TP2:- 5101 Satoshi ✅
TP3:- 7242 Satoshi ✅
Now 270% pure profit from our entry.
Don’t forget to book profit.
I am closing 100% positions here.
And don’t be greedy.
If you want to hold then only hold 10% positions and sell 90% positions here.
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Ethereum Classic (ETC) Trading Setup & MomentumWhat Is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Who Are the Founders of Ethereum Classic?
Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood.
A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization (DAO) which had raised approximately $150 million in an initial coin offering (ICO) several months earlier.
Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no “official” team attached to the project, and that its “global development community is a permissionless 'do-ocracy,' where anyone can participate.”
What Makes Ethereum Classic Unique?
Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.
Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, former CEO of investment firm Grayscale.
Reasons of trade:
Old project, as usual, I've been trading in the past.
Serious team coming from ETH, with a fan base which includes Barry Silbert.
Trade valid as long as S2 holds.
Current closed trades (with success!):
Chiliz
Digibyte
BAT
SC #1
SC #2
SC|BTC
StormX
Perlin
For details comment at any time!
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ETC/BTC 130% up from our entry and still fuel for upward#ETC/BTC Profit Update:-
#ETC currently trading at 4550 Satoshi
And Our entry was 2000-2100 Satoshi
Now 130% up from our entry.
Hope you enjoying our Profit ride.
Entry:- 2050 Satoshi ✅
TP1:- 3028 Satoshi ✅
TP2:- 5101 Satoshi Pending
Don’t forget to book profit.
I Am seling here my Principal amount.
And some profit also.
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ETC/USD - Hey ETC wait for me bro! $40 in range! 🚀If you check my previous ETC chart from January you will see I expected this massive pump after we broke the descending channel.
Now we're almost HALF way to the ATH level of $46!
Are you bullish? I sure am!
What is more interesting is that on the BTC pair, ETC has at least another 800% increase in price to reach the BTC ATH... wait woot??? Yes... the top there in USD would be $200!
I guess what I am trying to say... I am incredibly bullish on ETC and $40 is almost certain. After that, time will tell how high we go, we will re-assess then.
For now, everything looks very bullish still and I don't see any major resistance until $24 and $30. Then the ATH at $46.
Nice right? Let's see how high we pump!
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ETCUSDT 176% profit without leverage & still I am expecting $50#ETC/USDT Profit Update:-
$ETC currently trading at $25.80
So now almost 176% profit from our entry.
Entry 1:- $11.66 ✅
Entry2:- $9.4 ✅
Now our First Target has been achieved.
TP1:- $21.30 ✅
TP2:- 37.40 Waiting
Personally still I am expecting $50 Target.
But I sold here my principal amount and holding profit.
So Trade in safe zone.
Enjoy the ride.
Support:- $21/$15
Resistance: $37/$62/$110
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