Finally time for ETC?I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
COINBASE:ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.
I'd set a stop under HKEX:20 if you were to take the trade.
Ethereumclassic
Ethereum -> Last Bounce Before A Strong MoveHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so everything looks like we are starting the next major bullish crypto cycle.
With Ethereum once again retesting the weekly bullish trendline and also forming a continuation symmetrical triangle pattern I am just waiting for a bullish breakout before I then do expect more upside potential.
Looking at the daily timeframe you can see that Ethereum is once again retesting support at the $1825 level - I am therefore waiting for another bullish rejection and a break above the daily downtrendline and then also the daily timeframe is ready for a pump.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
ETC/USDT WHAT NEXT ?👀🤷♂️ETC Today Analysis💎 ETC is primed for an intriguing move as it has impressively tapped the Bearish Order Block (OB) twice.
💎 Currently, SET:ETC trading in a demand area, and we anticipate the price to retest the OB once more.
💎 Notably, the first bounce faced strong rejection, and the second bounce appears weaker, signaling that the price might ascend again.
💎 Volume also displays significant spikes, confirming a high probability of upward momentum.
💎 Another factor to consider is that if the price breaks the critical point,EthereumClassic could experience a downward move
💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Price Correction
ETC has seen remarkable growth, surging over 80% from the strong support level of $13, reaching the resistance range of $22-23.3. However, this resistance level triggered a significant negative reaction, leading to a substantial profit-saving phase for buyers. As a result, the price has entered a correction wave. Notably, both the weekly and daily time frames indicate an overall upward trend for ETC. However, it's worth noting that the correction process may take some time.
In the short term, the 4-hour timeframe shows a dynamic support level that is crucial to monitor. A forceful break below this support line could signal a potential retracement towards the $17 support level. On the other hand, if the demand at the $17 support level increases, accompanied by a rise in trading volume, there's a likelihood of a short-term upward trend resuming, and the price could move towards its previous resistance levels.
As of now, the Relative Strength Index (RSI) for ETC on the daily timeframe stands at 52. An RSI of 52 suggests that the currency is in a somewhat neutral state, neither overbought nor oversold. It indicates a balanced market sentiment, where buying and selling pressures are relatively stable. Traders and investors should keep a close eye on how the RSI evolves alongside price movements to gain further insights into potential shifts in market momentum.
EthereumUSD Will Rise Higher to 2600 and then 4250,before...ETH Bulls to Target $1,950 on Sentiment toward Crypto ETFs
While staking inflows and US economic indicators will draw interest, ETF-related news will remain a focal point.
Bullish throughout the morning, ETH rose from an opening price of $1,828 to an early afternoon high of $1,879. Coming up against the First Major Resistance Level (R1) at $1,874, ETH eased back to end the day at $1,853.
This morning, ETH was up 1.35% to $1,878. A mixed start to the day saw ETH fall to an early low of $1,843 before rising to a high of $1,879. The First Major Resistance Level (R1) at $1,879 capped the upside.
ETH Technical Indicators
Looking at the EMAs and the 4-hourly candlestick chart (below), it was bullish signals. Ethereum sat above the 50-day EMA, currently at $1,856. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals.
A hold above the 50-day EMA ($1,856) would support a breakout from R1 ($1,879) to target R2 ($1,904) and $1,950. However, a fall through the 50-day EMA ($1,856) would bring the 100-day EMA ($1,837), S1 ($1,828), and the 200-day EMA ($1,828) into view. A fall through the 50-day EMA would send bearish signals.
Resistance & Support Level
R1 – $ 1,879 S1 – $ 1,828
R2 – $ 1,904 S2 – $ 1,802
R3 – $ 1,955 S3 – $ 1,751
Strategy Bullish
3Lots
2 Lots will be excecuted at Profit Target Zones
1Lot will follow the Trend
It will be only!!! excecuted ,if Bullish Trend changes
The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price
I have marked my profit targets
Psychology:
1:The price is always right
2The Market is alwas right
3 The Chart is always right
4 IGNORE THE NEWS; Plan your trades and trade your plan.
5Drawdowns are partof the game
6 Risk management and money mangement is King!
7 wHATEVER HAPPENS;sTICK TO YOUR PLAN!
8 In a bear market no price is weak enough
9 In a bull market no price is strong enough
10 Patience !Wait for confirmation: Control emotions and tensions.
ETC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ethereum Classic riding bull run 🔥 🚀ETC Today Analysis💎 ETC has recently broken out of a triangular pattern in an upward direction, indicating a potential bullish run.
💎 The Relative Strength Index (RSI) is also showing a significant upward trend, reinforcing the bullish sentiment.
💎 The presence of a high-demand area is another crucial factor to consider for potential upward movement.
💎 However, if the price enters the invalidation zone, it could trigger a significant downward shift.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Ethereum -> Bullrun Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
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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Ethereum Classic to rally toward $21 soonThe H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.
They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.
Traders can re-evaluate the market in case prices drop below $16.43
Entry: $17.31
Stop-loss: $16.28
Take-Profit: $21
R:R: 3.58
How many chances do you think Ethereum Classic will give you?
Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!!
Full List of Cryptos Named Securities in SEC Lawsuits:
www.sec.gov
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Ethereum will fall like other coins ?!👋🏻 Hello everyone, today we would like to look at the Ethereum chart and possible scenarios.
Now the price is in the support zone, but we have several bearish signals:
1️⃣ Local lowering of highs and lows
2️⃣ The weakness of the entire market and the renewal of all time low on many top altcoins
3️⃣Increase in volumes on the fall
4️⃣Fixing below 50 and 100 daily MA
❗️But on the older time frame, we see a bullish structure and we can now consider this movement as a correction after the 57% rise (from $1370 to $2150).
Expecting that the correction will continue, we can predict the potential zones of the end of the correction as long as there are 2 of them:
🔹$1550 - $1630 (200 Daily MA ; Crossover of 50 and 100 Weakly MA)
🔹$1367 - $1440 (the zone of the beginning of the impulse and the trend line)
❌ Cancellation of the downward scenario will be a quick buyout of Ethereum in the coming days and a fixation above $1860 .Until this moment we would not advise considering longs.
But it is worth noting that the ethereum looks stronger than other alts and if signs of strength appear, we would buy it first in the portfolio.
❓What are your thoughts on Ethereum?
ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
💎 Ethereum (ETH) is on the rise! 💎 The price surged by an impressive move on May 28 surpassing a key resistance level and consolidating around $1,894 since then.
💎 This consolidation phase provides an excellent opportunity for Paradisers to consider accumulating ETH, especially if there is a pullback towards the stable support level at $1,853.
💎 The bullish thesis for Ethereum price would be invalidated if it breaks down below the $1,829 support level.
💎 As Ethereum continues its journey, it's essential to closely monitor these key levels and market dynamics Stay tuned and make your moves wisely! 💪💎
ETCUSDT: A Strong Pullback or the Start of a Wild Ride?💎 #ETCUSDT has been hugging the lower edge of the Bollinger Band for nearly two months. However, a recent change in the wind has #EthereumClassic bouncing back from the lower band, supported by the 227.2% Fibonacci level. The price has started to climb, and just yesterday, we saw a confirmed break and closure above the resistance downtrend trendline.
💎 This indicates an increase in buying pressure, and control is gradually shifting to the bulls. At the moment, BME:ETC is trading within a broad range, and we could potentially witness a rise towards the upper Bollinger Band.
💎 If the recent low at $17.35 holds firm, #ETC could see a price increase of over 20% with the next move. While this isn't a long-term uptrend, it's more of a strong pullback.
💎 But hold onto your hats, because if the price breaks above the Bollinger Band, we could be in for a wild ride. Stay tuned, Paradisers!
ETC ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETC/USDT Technical Analysis: Potential Breakout on the HorizonETC/USDT Technical Analysis: Potential Breakout on the Horizon
Ethereum Classic (ETC) is currently trading at $19.60 against the US Dollar Tether (USDT) on the 1-hour chart. Technical analysis suggests that a potential breakout may be on the horizon, with the next target being $21.14, a 7% increase from the breakout level.
LTF (1H) Chart Analysis:
Looking at the 1-hour chart, ETC is hovering near its breakout level, which could lead to a bullish move if broken. If the breakout occurs, the next target will be $21.14. However, if ETC is rejected from this level, we could see a drop in price back down to the HKEX:18 - HKEX:19 range.
Resistance and Support Levels:
The current resistance level is at $19.75, while the support level is at $19. This means that if the breakout occurs and the price goes above the resistance level, we can expect bullish momentum. On the other hand, if the support level is broken, we may see a bearish trend.
Takeaways:
ETC is currently trading at $19.60 against USDT.
The 1-hour chart suggests a potential breakout on the horizon.
If the breakout happens, the next target will be $21.14.
A rejection from this level could lead to a drop back down to HKEX:18 -$19.
The resistance level is currently at $19.75, while the support level is at $19.
Conclusion:
Based on the technical analysis of the ETC/USDT pair, a potential breakout may be on the horizon, with a next target of $21.14. However, it's important to keep an eye on the resistance and support levels to gauge potential market movements. If the support level is broken, we could see a bearish trend, while a breakout above the resistance level could indicate bullish momentum. As always, traders should conduct their own research and exercise caution when making trading decisions.
✴️Ethereum Classic Will Also Recover (222% Possible Higher high)Volume is one of the strongest indicator and can help you clear any doubts.
Ethereum Classic (ETCUSD) hit a higher low compared to June (5 months ago) but how to know if it will recover here or continue lower?
Here we use the volume indicator.
Notice how trading volume continues to diminish, it goes lower and lower.
That's your signal.
It means the current trend is losing strength.
Since the mid-term trend is bearish, as it loses strength things can turn and ETCUSD reverse.
Higher lows can lead to higher highs.
Over 222% possible on a higher high.
Easy 50% to 80%+ on a bounce.
You still need a plan to trade and your own research.
The support levels are marked with blue on the chart and can be used as a stop-loss.
These analyzes are not intended as financial advice.
Thank you for reading.
Remember to boost 🚀
Namaste.
✴️ Ethereum Classic Long Consolidation, The Bright SideIt's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022.
I will go through the whole thing because many people are new.
We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave.
ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level.
The bright side of this, the good news.
The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support.
This might be the last time we see this Altcoin at HKEX:20 something... Once it moves up, it will go strong and it might never come back down.
If it does move back, then this would be the bottom/higher low, near the current price.
The longer the consolidation phase in duration, the stronger the bullish breakout when it comes.
It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term.
Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars.
Namaste.