#ETCUSDT #1D (Bybit) Descending wedge breakout & retestEthereum Classic regained 50MA support and seems to be heading towards 200MA resistance, probably after a pull-back.
⚡️⚡️ #ETC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.6%
Current Price:
20.620
Entry Targets:
1) 19.256
Take-Profit Targets:
1) 24.837
Stop Targets:
1) 16.459
Published By: @Zblaba
CRYPTOCAP:ETC BYBIT:ETCUSDT.P #1D #EthereumClassic #PoW ethereumclassic.org
Risk/Reward= 1:2.0
Expected Profit= +86.9%
Possible Loss= -43.6%
Estimated Gaintime= 1-2 months
Ethereum-classic
$ETC may have another leg down to 20.00 area on 4hHere on BME:ETC , we can see a lot of down pressure on the 4h time frame
The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above
Now, it looks like a downtrend flag is forming inside the yellow area
This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there
So here we have a lot of confluences that indicate this downward pressure will happen
As CRYPTOCAP:BTC is still going sideways and there is some form of cooling down this last days, is much plausible that BME:ETC will have a final last drop on targets number 2 and number 4
Ethereum Daily ForecastEthereum, alongside Bitcoin and Dogecoin, is one of those cryptocurrencies that are well-known even outside of the crypto community. And it is for a good reason — Ethereum is one of the most feature-rich and interesting blockchains out there.
Ethereum ETH/USD ends the trading week at 1623 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support level near the 1505 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level of 2235.
Technically:
Stabilzing above 1665 will support rising to get 1721 and above it 1865
But, now the price will move depending on the parallel channel, So as long as the price trades inside the channel it means has a abearish trend to reach 1543 adn under it 1447
timefrmae daily
Ethereum Bulls to Target $2,100 on Easing Recession Fears Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector.
On Friday, ETH joined the broader crypto market in a bullish session, gaining 6.28% to end the day at $1,996.
US economic indicators and staking statistics supported an ETH return to $2,000.
However, the technical indicators remained bullish, signaling a return to $2,100.
BIAS SHORT- and MIDTERM BULLISH
Stong Supports 1594 D-POC AND 1034
NEXT WEEK IS IMPORTANT
A PULLBACK TO 1034 WITH LOW VOLUME MEANS THE BULLS
WILL DISTIBUTE THEIR POSITIONS AND MOBILIZE TO ATTACK THE BEARS VERY AGRESSIVELY
A PULL BACK WITH HIGH FAT THICK LONG VOLUME MEANS BEARS
GONNA TAKE FULL CONTROL OF THE MARKET AND SEND ETHEREUM TO THE DEEPEST LEVELS POSSIBLE
LOSING OF 1034 MEANS CRYSTAL CLEAR ABSOLUTE BEAISH TREND
ON THE SAME TIME THIS ZONE IS A LOW VOLUME AREA: IF VOLUME IS INCREASING IN THIS AREA AND THE BULLS DO NOT ANSWER AGGRESSIVELY AND QUICK, we will ceate a midtem sideways and consolidating area: WHAT DOES THAT MEAN?
WELL THE BULLS TRY TO TAKE PARTIAL POFITS OR COMPENSATE THEI LOSSES WHILE SELLERS AND BEARS WILL ACCUMULTAE MORE CAPITAL AND LIQUIDITY TO PRESS DOWN THE COIN
THEN 1034 WILL BECOME THE FIST BUT VERY STRONG RESISTANCE!
MY 8Q STRATGY: 6Qs ae bullish 2Qs neutral: bUT THE MOST IMPORTANT AND LAT CONFIRMATION IS BEARISH
I CALL THIS BULL/BEAR TRAP DESTROYER!!!
AND SEE YOURSELF THE PAST RESULTS!!!! AMAZING HUH?
WELL UNTIL THIS LAST CONFIRMATION IS RED I TRADE THE BEARISH SETUP: GOING SHOT NEAR OF THE HIGH
AND PUTTING A VERY TIGHT STOP AT AROUND 2180USD!
WHY?
BECAUSE THE 2093 THE CONFLUENCE WEDGE LINE IS VERY IMPORTANT TRIGGER
THAT ALMOST WORKS AS SUPPORT AND RESISTANCE!
BREAKING ABOVE 2096+ pullback and holding above this area+ High volume means BULLISH SET UP. Better: Use divergence if pullback
(SEEL PULLBACK SCENARIO in PINK)
You must have highe highs and higher lows and then take the move after the 2nd HH and HL
Stop. I give more rooms to trae and try to myake it very difficult for the maket to hit me.
You Stop. DEPENDS ON YOU RISK AVERSION ;CAPITAL SIZE;ACCOUNT SIZE;LOT SIZE
But I recommand ALWAYS TO WORK WITH STOPS !!!ALWAYS!!! AS PROTECTION YOUR CAPITAL IS THE MOST IMPORTANT LAW AND RULE OF SUCCESSFULL TRADING!!!! EVER!NEVER!
A mixed start to the day saw ETH slip to an early low of $1,876. Steering clear of the First Major Support Level (S1) at $1,858, ETH rallied to a late afternoon high of $2,000. ETH broke through the Major Resistance Levels to end the day at $1,996.
US Jobs Report Eased Recession Jitters but Leave Fed Rate Hikes Subdued
It was a busy Friday session for the global financial markets. The all-important US Jobs Report drew interest ahead of next week’s US CPI Report.
Nonfarm payrolls jumped by 253k in April versus a forecasted 180k increase. In March, nonfarm payrolls rose by 165k. Significantly, average hourly earnings were up 4.4% year-over-year versus 4.3% in March. Economists forecast average hourly earnings to increase by 4.2%.
As a result of the better-than-expected NFP number, the US unemployment rate fell from 3.5% to 3.4%. Economists forecast the unemployment rate to rise to 3.6%.
The Jobs Report eased recessionary fears, supporting riskier assets. However, market bets on a 25-basis point Fed interest rate hike in June remained subdued. According to the CME FedWatch Tool, the probability of a 25-basis point June interest rate hike rose from 0.0% to 8.5%. The Jobs Report did wipe out bets of a June rate cut, with the chances of a rate cut falling from 9.2% to 0.0%.
While the combination of easing recessionary fears and subdued bets of another Fed rate hike delivered support, sentiment could change on Wednesday. The US CPI Report has to show softer inflation to keep the Fed hawks silent.
🔥 ETC Moving To Bear Market ResistanceETC is one of the many alts who's currently underperforming the market. However, that doesn't mean that there's not trades to make.
I'm looking at the top dotted resistance line as a target. With continued market strength we might break out of the resistance, but that's something for later.
$ETC/BTC 1W (#Binance) Symmetrical triangle on supportEthereum Classic is pulling back to 200MA and has been forming a falling wedge, placing an opportunist bid sounds like a plan.
⚡️⚡️ #ETC/BTC ⚡️⚡️
Exchanges: KuCoin, Binance
Signal Type: Regular (Long)
Amount: 4.4%
Current Price:
0.000941
Entry Targets:
1) 0.000885
Take-Profit Targets:
1) 0.001387
Stop Targets:
1) 0.000684
Published By: @Zblaba
Risk/Reward= 1:2.5
Expected Profit= +56.7%
Possible Loss= -22.7%
$ETC #ETCBTC #EthereumClassic #PoW #Dino
ETH Classic - ShortHello Traders and Investors,
ETC had a good run, but the top is in for it. HNS on the 5 minute which should push the price down to the closest support. A rebound back up to the neckline is possible after the first support is touched. But a continue in decline of the price is expected.
Let me know what you think.
ETC Ether Classic Bull Flag? Ether Classic (ETC) could be ready to go. If Bitcoin continues to trade sideways or push higher, I expect ETC to break to the upside. ETC has a lot of potential with the coming POS transition on Ethereum in which there shall be an exodus of miners. Some may argue this is the very reason that ETC exists, because of the changes coming to ETH. In the end both of these are run by individuals so neither has the shine for me that Bitcoin does, but regardless... Let's see!
ETC gained 13% this week after breakout of crucial resistanceThe Ethereum Classic coin has been continuing higher and has gained around 70% of its cost since last week.
The Ethereum Classic coin saw a higher liquidated market; therefore, trading volume has been inclining gradually for the past several days.
The Supertrend indicator generated the buying indication in terms of the daily price chart.
The bulls are feeling safe above the 100-day EMA (yellow), which has been a long volatility red zone. At that point, the holders are preparing themselves to close the daily price candle above the 200-MA line. Furthermore, the 20 and 50 MAs are looking below ETC price on the daily price chart.
Stoch RSI is observing an overbought zone in the context of the daily price chart. It looks like the indicator is about to give a bearish crossover; It remains how the bulls will react to this action. Furthermore, the Average Directional Index is at 24-points, indicating a bullish trend for the Ethereum Classic coin.
No doubt the bulls caught the trend of Ethereum Classic coin and are aggressive about buying but still bullish on their way. Bulls need to manage the price of the coin above the 200-EMA as well as the nearest resistance area.
Support level - $25 and $20
Resistance level - $45 and $60
ETC FİRST TARGET 109$- 5. Target 284$we promise Supported.
I always keep my word.
The word is honor.
Our earnings are very high. We can't find anything better than etc to spend. We do not find it appropriate to invest in Shit coins.
But we said the support for Doge is $0.16.
We said the support for xlm is $0.20.
That Ethereum will return.
We even said we are buying your pain.
What else should we do?
Didn't we say, you can read our articles.
Bitcoin is on its way to $72-80,000
Ethereum is on its way to $7000
Etc is on the way for $284-326
Bnb is on its way to 940$
Xrp is on its way to $3.39-3.47
Xtz $7.8
We predict that the highest increase will be in Ethereum and Ethereum Classic. Remember, people are predictable.
We learned about Bitcoin in 2013 while we were hanging out in Forex. We said that the age will open. It ushered in the era of the state's digital currency in 2020.
Have full faith.
Get It While Falling.
Sell When Rising, Not Rising.
You can get tp. So insure yourself
buy little by little.
This year isn't over yet.
When the hunger reaches enormous levels, they will intervene again.
Manipulators of this fall
Vaccine
Elon Musk.
coindesk.
Coinmarketcap.
doge coin.
+ponzi coin.
Manipulators of space ( Not human)
Covid
#NFT
#DEFI
#STABLECOINS
#GOVCOINS
#Amazon
#Google
#Apple
Legal Tender
Possible down new manipulators
+Ponzi-coin
Vaccine
Binance
China
coinmarketcap
coindesk
Jp morgan
In short, people can be predictable and intimidating.
But we enjoy making and losing money.
We catch the Fire.
We raise the fire.
When you see the Fire in Our Hands, you run away.
The story is that qty numbers are the only truth.
The rest doesn't matter as long as we don't sell it.
They cannot set the price.
Keep collecting.
Not investment advice.
Ethereum Classic - ETC - Looks ready to push to $75!Ethereum Classic - ETC - Looks ready to push to $75! Is ETC ready to BUST or Break? We will see?
Ethereum Classic - Should see a push into the $50 range?Ethereum Classic - ETC - Should see a push into the $50 range?
ETC/USDT - ethereum classicAs a Beginner learner, tries to share my opinion in order to verify it in the future to learn from my mistakes and to reward myself if I found that I was right.
If possible, follow me and correct my mistakes so that I can learn from you.
I am a new learner in the cryptocurrencies domaine, and my analysis are not investment advice to anyone, I just want to save an archive of my analyzes in order to monitor my learning level.
thank you so much 🥰🥰
ETC Ethereum Classic in a step down downward channel. Must see!Hello dear traders,
I received a few questions about how Ethereum Classic ETC is doing.
I have studied this and I see a downward trend channel with a step pattern which is repeating.
I expect a breakout after ETC falls around the 100 level, the purple arrows. A breakout could also happen now following the blue arrows but I do not expect that. The last option, the price drops to 80 and then breaks out upwards. Below this price of 80 I see the bullish scenario evaporating.
This is a hypothesis and a look at how things could go. Not a prediction but just possibilities with levels to follow.
After a breakout from the channel at any level, wait for a re-test with good volume , Place the stop at the last swing low.
If BTC starts to drop strong and suddenly then the ALTS will go down much harder. If Bitcoin drops or rises slowly, the ALTS may start to rise again.
Therefore, always follow Bitcoin . The leader of the cryptos!
See my previous analyses for up targets and support levels!
Dear traders, this is of course my own personal view of ETC Ethereum Classic and not an investment advice. Always use your money management and a good stop loss before placing any trade! This way you stay in this game!
Have fun and trade safely!
If you appreciate my posts, it would be nice to follow and like me! It motivates me to continue with these analyses!