ETCUSDT
ETC/ETH close to popETC has been sleeping for the past 3 years, I had high hopes for it, and it made me sad many times. But now (*emotional*) looks like it's getting ready to skyrocket through the galaxy. It looks like we are just bouncing from the bottom. There is a bit of resistance between 0.00605 ~ 0.0066 Eth. But after that it's smooth sailing.
ETCUSDT H4: BEST level to BUY/HOLD 30%/40% gains(SL/TP)(NEW)Why get subbed to to me on Tradingview?
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ETCUSDT H4: BEST level to BUY/HOLD 30%/40% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ETCUSDT 4hour chart review and outlook
::: updated/revised outlook
::: 30%/40% gains still possible
::: locked in range - likely accumulation
::: BUY near MID range (7.65)
::: conservative stop loss - 5% max risk
::: setup still valid as of right now
::: get ready to BUY LOW after pullback
::: TP bulls +30%/+40% gains near cycle high
::: strategy: BUY near range lows TP +30%/+40%
::: overall nice setup, let's see what we get
::: so recommend to BUY/LOW and hold it
::: get ready to buy/hold exit +30%/+40% gains
::: and you will get paid
::: good luck traders
🔸 Supply/Demand Zones
::: supply/demand: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/pullback
::: Sentiment outlook mid-term: BULLS/+30%/+40%
ETC/USD - Are you looking for the next pump? ETC to the rescueETC is presenting us with a very juicy opportunity. As you can see we have just re-tested the massive descending triangle upper resistance as support and that is a clear signal we are good to go much higher.
Daily MACD has crossed positive and we should be good to go. I expect a great first pump to take us to around $13 then to $20. Targets on the chart as indicated by the Fib levels.
There is not much time to waste here, good long opportunity and once we have lift off it's going to be fast.
Bias is very bullish!
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ETCUSD it can be $50 moveRally and retracement:
After a powerful rally, now the price action of the ETC coin has been retraced between 0.618 to 0.786 Fibonacci level, in the meanwhile it is also testing daily EMA 21 as support.
Monthly EMAs:
On the long-term monthly time period chart, the priceline is moving below EMA 10 and 21. We need a cross over between these two EMAs for a long-term bull run.
Big Wedge:
On the lon-term monthly time period chart, the price action of Ethereum classic has also formed a wedge move. The candlesticks are also crossing up the 25 simple moving averages as well. There is also 50 SMA resistance above the resistance of the Wedge pattern.
Monthly Shark move:
On the monthly time period chart, the price action has also formed a Big Shark harmonic move. Even though there are big spikes beyond the C leg but all the legs are driven as per the requirement of bullish Shark, therefore, we can expect that now the priceline may start a bullish move from here.
Weekly SMAs and Bollinger bands:
On the weekly time period char, the price action is at the support of 100 simple moving average and the Bollinger bands is also expanding. Now there is a strong resistance of 200 SMA above the Bollinger bands.
Weekly Ichimoku:
On the weekly chart, the price action has also entered in bearish Ichimoku cloud and rejected by its resistance.
Conclusion:
The price action has formed a big bullish harmonic move. Therefore we can expect that in the long-term it can breakout the bearish cloud easily and then can reach all time high.
ETC 1D Aggressive buyer made x2, and you?It's been a little over a month since the previous ETCUSDT idea was published and it's time to update it.
The previous idea worked out quite interestingly:
At first, the ETCUSD price tried to rise uncertainly, but then sharply fell to the level of $5 , where an aggressive buyer buys back and gains a long position for more than 3 months.
Then we had a strong growth, which ended at the upper target from the previous idea in the zone of $10 which made x2.
If you look at the chart globally, you can see that the ETCUSDT price has been moving up the channel for the last 10 months.
Now the ETC price is trying to fix in the upper half of the channel.
If this trend continues, then in the coming days we should expect growth to the level of $9 , where it is worth more closely monitor the behavior of players in the trading pair ETCUSD.
After all, the further price movement will depend on it.
We have depicted possible scenarios on the chart, and if we notice drastic changes in the dominance of powers in this trading pair, we will definitely update the idea.
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