ETCUSDTPERP
Ethereum Classic ETC price is just starting to riseGod willing, we will be able to see CRYPTOCAP:ETC at $50 in this growth wave
Then a slight correction and a possible breakout of the OKX:ETCUSDT price to storm $100
At the moment, the #EthereumClassic price is forming a pattern very similar to the one that #Dogecoin used to form, don't you think? 👇
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#ETC/USDT#ETC
The price is moving in an ascending channel on the 12-hour frame and is sticking to it to a large extent
We have a bounce from a major support area in green at 17.70
We have a downtrend on the RSI indicator that was broken upwards, which supports the upward trend
We have a trend to stabilize above the 100 moving average, which supports the upward trend
Entry price 18.40
First target 20.38
Second target 22.33
Third target 24.37
Ethereum Classic 💚 ETC price will be $100 👇When will CRYPTOCAP:ETC be at $100? We'll talk a little later...)
And now about what happened yesterday with the ETH ETF.
In short, it was accepted, but not completely...
That is, sooner or later, ETH ETFs will be accepted by the form of S-1s and another gateway will open for the infusion of “big capital” into the crypto market.
Therefore:
🔹The long-term outlook is also realistic and works well
By the way, for those who don't know, the firstborn in the quarreling #Ethereum family was CRYPTOCAP:ETC which was surpassed in all respects in development by its fork - CRYPTOCAP:ETH
⌛ From history, the #ETCUSDT price has been holding in protracted consolidations for a long time, accumulating positions and eventually organizing a powerful growth trend.
Now, the support zone for the #ETCUSD price is $28.70-30.00.
If they hold it, then the blue scenario becomes more than realistic with an intermediate or final point of $100 per #ETC
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.
Ethereum Classic ETC price is starting to grow?Looking at the ETCUSDT chart, we can assume that the almost 3-year downward trend in the ETC price is coming to an end.
As long as the ETCUSD price is above $18-20 , it is in an upward trend.
The medium-term target is $65-75 per 1 Ethereum Classic
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ETC/USDT shows signs of strength for a potential breakout.I anticipate the price to breach the trendline resistance, possibly resulting in a 15-30% upward movement in the short term. Let's monitor closely.
This idea is for educational purposes only and not financial advice. Always conduct your research before making any trading decisions.
ETCUSDTBINANCE:ETCUSDT SHORT IDEA
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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ETCUSDTThe current situation of Ethereum Classic is as follows:
In general and in the long term, the trend is bearish, but in the medium and short term, we have seen a strong bullish trend that brought the price from the bottom of the descending channel to the top of the channel in less than 20 days.
Now we are witnessing a price decline from the top of the channel.
In my opinion, the $18 price level can be a suitable area to open a long position with the target being the top of the channel.
But why $18?
In this area, we have both the 0.5 Fibonacci retracement level and a region with high liquidity, which I have indicated on the chart with a blue box.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
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ETC/USDT will soon present a buying opportunity."Etcusdt
The price of ETC/USDT might go up soon because it's forming a bullish Symmetrical pattern on the daily chart.
But on the 4-hour chart, there's a bearish pattern which suggests the price might drop before going up. it's possible that the price could drop more before going up.
"I am expecting a small price drop at the moment, and my preferred buying zone is the area that I've marked on the chart."
Please keep in mind that our ideas are based on our experience and knowledge, and may not be completely accurate as the market is always unpredictable and anything can happen at any time. It is essential to conduct your own research and use your own knowledge when trading. If you are happy with our work, join us
ETHEREUM Classic ETC price probably forms trend reversal patternThe price of ETCUSDT after a sharp price surge in July-August 2022 now has been in a protracted consolidation for 4 months.
However, there is a possibility that on the ETCUSD price chart market players can now form an "Inverted head and shoulders" reversal pattern
In the current impulse growth momentum, the ETC price can reach $19.5
If the reversal pattern will be fully formed as we have shown on the chart, the target for the growth of the Ethereum Classic price will rise to $25
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ETCUSDT Trend reversal!!ETCUSDT (1D Chart) Technical analysis
ETCUSDT (1D Chart) Currently trading at $18.5
Buy level: Above $18
Stop loss: Below $13
TP1: $21
TP2: $26
TP3: $31
TP4: $45
Max Leverage 2x
Always keep Stop loss
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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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ETHEREUM Classic has many miners, they will pump ETC price againThe fall in the ETHEREUM Classic price is happening on lower volumes.
A modest update of the lows and something like a downward wedge is formed within the correction. Usually such a pattern later acts as a continuation of the growth trend.
We think that in the area of $26-28 it is logical to try to take the longs of the ETCUSDT. Sooner or later the ETC price will be pumping again, and the minimum growth potential in the medium term is x2 to the area of 51dollars.
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