Ethereum Classic ETC - Update from my previous analysis - Hello traders,
Here is a quick update for ETC Ethereum Classic. Please also check out my older analysis of ETC. The trend line at around 100 USD is very important. If ETC drops further then I am bearish below the 80 USD level.
Everything depends on Bitcoin now. Do we get a sharp drop then the ALTS go down by a factor 5 more but if Bitcoin goes sideways again like the last 2 months then we can probably get another boost in the ALTS. Bitcoin dominance remains the most important thing right now for the ALTS.
Dear traders, this is my own personal view of Bitcoin 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!
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Ethereumclassic
ETC R.I.pHello guys
Retails fomo for Ethereum Classic already cooled off
Volume trading decreased significantly around 65%
Retails first started buying ETC on Robinhood and Coinbase (Major US exchanges used by retails) thinking it’s ETH now they realized the difference between Choclate and Sh**
Some of them panic sold in the last correction wave and most of them bought over135$ will be bag holder for next mounthes
We probably will go down in the 60 bucks channel for a medium term consolidation, after that dependence on the market how will act but personally I think with all these trendy coins ETC has no chance to shine
-Goodluck
ETCUSD H2Price is currently in consolidation after the last strong impulsive move to the upside. Price is nearing key support structure below, where a reaction has occurred in previously. Watching for the dip down again into support, & for lower timeframe confirmation of a buy opportunity at the zone below, where then buyers may step in to break the counter trendline & start the next impulsive stage of the current uptrend.
ETH causes mayhem amid sharp drop under $4,000Ethereum surprised many in the cryptocurrency market when it rallied above $4,000. It was song and dance for investors who have been patient with the pioneer smart contract token. An all-time high was formed at $4,216, allowing bulls to shift the focus to $5,000. However, the bullish momentum began fizzling out, leaving ETH with few options.
A correction ensued, forcing Ethereum to slide beneath $4,000. At the time of writing, the flagship cryptocurrency teeters at $3,790 amid an ongoing retreat. The reversal may continue in the near term based on the short-term technical levels.
Ethereum begins the hunt for higher support
The Moving Average Convergence Divergence (MACD) shines a light on the worsening technical picture. After rallying to 186, the indicator is dropping toward the mean line. Moreover, the MACD line (blue) has crossed under the signal line, insinuating that bears are in control and it was a possible time to sell the top.
The Relative Strength Index (RSI) in the same four-hour chart also shows that Ethereum’s gravitational pull is more robust than the bullish advances at the time of writing. A continuous movement toward the oversold region would call more sellers into the market as investors rush to take profits.
The hunt for higher support is in full force, especially with the zone at $3,800 broken. The following tentative anchor area is highlighted at $3,500 by the 50 Simple Moving Average (SMA).
Ethereum intraday levels
Spot rate: $3,790
Trend: Bearish
Volatility: High
Support: $3,500 and $3,100
Resistance: $3,800 and $4,000
💥ETCUSD - SHORT TO $90 THEN LONG TO $140Price is presently in a symmetrical triangle.
Price broke the supply zone downward. Therefore, I expect price to pull back to $118, short to $90, then long to $140.
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Ethereum Classic Forming Pennant Patterns...?Ethereum Classic seems to be Forming Pennant Patterns as seen in 4 hrs time Frame.
What is Pennant Patter?
A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
Ethereum Classic (ETC) - May 10Hello?
Dear traders, nice to meet you.
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(ETCUSD 1D chart)
You should watch for any movement that deviates from 101.779-134.078.
If it falls, you need to make sure you get support at 91.012-101.779.
If you fall at 69.480, you need a short stop loss.
However, it may rise along the uptrend line, so careful trading is necessary.
The next volatility period is around 13-22 May.
It remains to be seen if it can create a new wave as it breaks off the downtrend line.
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(ETCBTC 1W chart)
We have to see if we can get support and climb at 0.0018160.
(1D chart)
You should watch for any movement outside the 0.0018253-0.0023766 segment.
If it falls, you need to make sure you get support in the 0.0016324-0.0018160 range.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls from the 0.0012739 point, a short stop loss is required.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
ETC consolidate for a whileETC had a major pump from 45usd to 180usd and now need time to consolidate and I wouldn't trust any current advice to still buy into this crypto until it drop down to 99usd. As also Bollinger band can also see it had peaked out a lot and will move to the bottom of the band. Suggest to not HODL and just put limit buy order at either 99-100usd to get in at a nice low price bottom price. And when it pump again would take out your initial investment at 180usd and leave the rest go to the top of the channel.
ETC Explodes To ATH But Weakness is Showing-ETC rises over 400% in one week
-ETH price rise sparked an insane bull rally for ETC
-Major support holding price is $110
Ethereum Classic has finally awoken from a 3 year slumber rising to a high of $180. The sudden price rise has thrown Ethereum investors through a loop as price nearly rose 2000% since the start of 2021. This price rally may be coming to an end as the ATH daily candle closed with a large bearish wick.
After such a large parabolic move on the ETC chart, many new support and resistances were formed. For now, the important zone to watch on ETC is $130. This area is the last major resistance on the daily chart. If ETC manages to break and hold this mark, it may be in for a try at ATH.
Major support on ETC stands around $110. If the price fails to hold this mark, ETC will be in for a fall to minor support of $96 and then $79 if it fails to hold. The price has been held up by the 5 MA since the end of April. Once price candles break below this MA on the daily chart, it will trigger a selloff. This is a soon probable scenario.
While looking at the RSI, we can conclude the strength has been overbought for nearly 10 days. This is not healthy and indicates price need to cool off very soon. The stochastic RSI tells a similar tale as the strength has already started dropping off its highs.
ETC intraday levels
Spot rate: $125
Trend: Bullish
Volatility: High
Support: $109
Resistance: $130
ETC CLEARLY 1000$ ASK QUESTION ?DOGE IS REAL BALLOON( DO NOT RECOMMEND.) . (ELON MUSK BİG BEAR)
ETC 1000 DOLLAR COMİNG.
ASK YOURSELF THE RIGHT QUESTIONS AND SEE THE RESULT.
MARKET RESEARCH
INVESTGATİON
THREATS
STRATEGY
DİSCOVER
COST
IDENTIFY
OPPURTUNİTİES
DEFİNİTİON
I WAS VERY FEAR OF ETC. Frightening is doing me the opposite. YOU ASK WHY? I AM PRO,
HOW MUCH RISK CAN I TAKE?
WHAT IS MY GOAL?
DO I NEED TO GET OUT BEFORE THE RIGHT TIME?
HOW CAN I REDUCE THE RISK?
HOW MUCH CAN THE PRICE OF A PRODUCT DROP?
WHY DOES THE PRICE OF A PRODUCT DECREASE?
WHY A PRODUCT IS HIGHLY VALUABLE?
WHY DO WE BUY A PRODUCT?
CREATE A FEW QUESTIONS FOR YOU. WON'T WAIT FOR 3 DAYS TO GET ETC.
FALLING WHY IS NOT $ 1?
WHAT IS SHORT? WHAT IS LONG?
WHAT IS THE RIGHT QUESTION?
DOES ETC PROTECT MY INVESTMENT VALUE?
WHAT IS ETC FOR ?
ETH VS ETC ?
BTC VS ETC ?
BCH VS ETC ?
ETC VS NEO ?
#Doge420 Was a Bust, Will #DogeSNL Be Different This Time?Lots of hype for #dogetothemoon / #DogeSNL / #SHIB day with Elon Musk tonight but also a lot of skepticism from the folks who were burned from #Doge420 day. Will it be another bust?
Despite the disappointment, #420dogeday may have actually worked, in retrospect. Here's why:
A lot of #crypto fans know how to buy coins and they often take that for granted. For the non-technical person out there, setting up an account (especially since Coinbase doesn't support DOGE yet) isn't that easy. There's a learning curve involved with this stuff.
People also don't change their habits easily -- seeing the hype might get them interested but people have things to do and they're not going to jump in right away.
I'm thinking about my mom who bought a sizable amount of DOGE because she thought "it was cute" (is a better reason than most investors tbh -- at least she likes the product) but it took her a few weeks of thinking and trying before finally making the decision to put money in.
The short story is that these marketing blitzes take time, and you need a while for people to digest the information, especially when it comes to a complex product like crypto. If you were part of 420 Doge Day, don't feel bad about it -- you did your part. A little patience is all that's really needed, here. 🙂
ETHEREUM CLASSIC ETC - Bullish Falling wedge progress! Hello dear traders,
Here is an update for Ethereum Classic ETC.
I have a new 30 minute chart with a slightly modified falling wedge. This one is now more precise and as you can see we have not broken out yet.
Three scenarios are possible:
1. ETC follows the blue arrow out of the falling wedge upwards. We need volume to confirm!
2. ETC follows the orange arrow after first testing the 100 level and then up for a breakout. Volume is very important at the breakout
3. Least likely scenarion. ETC drops through the 100 usd level and hits the stop. If that happens we will first see the 78 USD level. Once we drop below that I see the 58 and then 43.
Please use your stops with the volatile ETC and money management (the famous 1% rule)!
This is purely my idea about ETC and not investment advice. As a trader you should always do your own research and try to protect your capital with money management.
Safe and happy trading!
Ethereum Classic - ETC - Doing it again -Is it Time? Target $200Ethereum Classic - ETC - Doing it again -Is it Time? Target $200