ETC/USDT Ready to Break out the Bullish Flag pattern ??💎 ETC has undeniably captured significant attention in the market. Currently, it is exhibiting a Bullish Flag pattern, and if it successfully breaks the resistance pattern of this formation, there is a probability of a smooth movement toward our target supply area.
💎 ETC is also following a bullish trend channel, characterized by higher highs and higher lows. However, there was a temporary breach of the support level in the bullish channel, which was promptly reclaimed. If ETC revisits the support channel and heads towards the demand area, it represents a critical juncture for ETC to resume its upward trajectory.
💎 The unfavorable scenario is confirmed if, during the retesting phase at the demand area, ETC fails to maintain its position and undergoes a breakdown. In such a case, ETC may revert to the next lower demand area, necessitating a bounce to reclaim the demand before considering further upward or downward movement, potentially towards the next lower demand area and even the strong support zone.
Ethereumclassic
ETC/USDT Assessing Resistance Breakout Potential?👀 🚀ETC💎 Paradisers, focus on #ETCUSDT as it approaches a critical moment. The asset is on the verge of testing a key resistance level, presenting a high likelihood of initiating an upward movement upon a successful breakout.
💎 Currently, #EthereumClassic is inching towards the resistance at $23.17. If it respects this level, we might witness a slight pullback before a bullish continuation emerges from the demand zone. Alternatively, if BME:ETC breaks through this resistance without hesitation, it could trigger a significant bullish surge.
💎 However, given the dynamic nature of the cryptocurrency market, #ETC traders must stay prepared for various scenarios. Should the anticipated breakout not materialize as expected, pivoting to a bullish recovery strategy from the support level of $18.5 will be crucial.
💎 Importantly, a descent below this support level would signal the need for a tactical reassessment. Such a development would imply reevaluating the bullish sentiment and adapting the trading strategy to align with the new market direction. 🌴💰
ETC - Dead project or Resilient Hold ?Hi Traders, Investors and Speculators of Charts📈📉
The Ethereum Classic fork was a result of a disagreement within the Ethereum community over how to respond to a hack that had occurred on the network. The hack resulted in the theft of 3.6 million ETH. Some members of the community believed that the best way to respond to the hack was to hard fork the blockchain , which would erase the hack from history. Others argued that hard forking would set a dangerous precedent and would be a violation of the principle of immutability .
Those who opposed the hard fork eventually formed the Ethereum Classic community. They believe that the original Ethereum blockchain should be preserved, even with the hack in place. They argue that hard forking is a form of censorship and that it is important to maintain the integrity of the blockchain.
You can't really call that ETC is a dead project, reasons being:
1) It has a strong community of supporters and there is still active development on the project 2) ETC is listed on many major cryptocurrency exchanges
The market sentiment on ETC is mixed. Some people believe that ETC still has potential to become a major player in the cryptocurrency space, while others have shifted focus towards other, newer altcoins. The future of ETC is uncertain, but it's still unreasonable to call it "dead", at least for the time being.
FOUR main things I'd consider with ETC:
📢1) Old bag holders may want to look for the first opportunity to get out, creating strong resistance zones
📢2) At the end of the day, it's a coin that can be traded and most probably will be traded by whales though this kind of behavior is usually very untimely and unpredictable (we observe a similar situation on XRP)
📢3) ETC has a history of security vulnerabilities
📢4) ETC has a limited supply of 210.7 million coins
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COINBASE:ETCUSD BINANCE:ETCUSDT
ETC/USDT bull Flag Breakout Anticipated? 👀 🚀ETC Today Analysis💎Paradisers, prepare for a remarkable opportunity with #ETCUSDT. It's currently exhibiting a promising pattern, nearing a breakout from a bull flag formation, which signals a high probability of an upward move following this potential breakout.
💎#EthereumClassic has been following a descending trendline trajectory. After breaking above, it has formed a bull flag, indicating a bullish sentiment. Presently, as it trades in a demand zone, there's a substantial chance for a bullish movement. With continued upward momentum, It is set to target supply levels at $21.81, and could potentially extend its rise to challenge higher supply levels at $24.91.
💎 Additionally, be ready for a possible bullish resurgence from the demand level of $17.89 if #ETC encounters difficulties in sustaining its upward trajectory. However, a drop below this level could signify potential challenges in sustaining the bullish trend.
💎 In this dynamic and evolving market environment, strategic foresight and skilled decision-making are crucial. Developing a comprehensive trading strategy, which includes prudent money management and a thorough understanding of support and resistance levels, is key to achieving successful trading outcomes. 🌴💰
ETC/USDT Next Potential Move |🚀👀 Bullish or Bearish?💎 Paradisers, gear up for a promising trading opportunity with ETCUSDT. It's showing significant activity in the demand zone, which might signal a shift towards an upward trend.
💎 Ethereum Classic has been consistently following a trading channel pattern. Having already broken above this channel, we expect it to move towards a resistance level, followed by a prompt pullback, maintaining its established pattern.
💎 There's a high probability of a bullish trend initiating from the support level at around $16.79. With ETC having effectively exited the trading channel upwards, it's poised to challenge resistance levels near $26.
💎 Precise timing is crucial for the discerning Paradisers. Pinpointing the optimal entry points during this rising phase is essential, and it's advisable to avoid entering at the peak of the movement.
💎 Caution is warranted, as there's a possibility of ETC falling below the $16.79 support level. A drop below this pivotal mark might lead to doubts about the potential for a sustained upward trend.
ETCUSD $23.27 maximum targetPattern failed at my previous analysis at ETC, but its not bearish yet.
we can see a strong diagonal support keep climbing and create another higher low.
if this diagonal support broken, we still have fibonacci support at $19.49 with target at :
Fibonacci 1.272 at $22.48
Fibonacci 1.414 at $22.83
and Fibonacci 1.618 at $23.27 as maximum target
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETCUSD to reach bullish target
Click here to check my other analysis
ETC/USDT potential shift ? 👀 🚀 ETC Today Analysis💎 Paradisers, be alert! We've observed that ETCUSDT, amidst recent market fluctuations, is revisiting a robust support level, hinting at a potential bullish trajectory.
💎 After a swift descent, ETC touched upon its daily support. This came post its ascent above the channel, charting an upward path. However, a rejection from the overhead supply, coupled with the formation of an equal high, triggered a significant decline.
💎 Now, if the price sustains its momentum above the 14.53 support mark, we're hopeful of it targeting the upper supply zone.On the flip side, should the price of ethereumclassic dip below this support, anticipate a deeper descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Ethereum Classic (ETC) Performance Ethereum Classic (ETC)
The recent local performance of ETC has been on the rise, showing a 28% growth since October 19. However, the overall trend for Ethereum Classic remains bearish. Additionally, any downward movement in Bitcoin's chart could potentially lead to a significant decline in ETC.
ETC has been trading sideways for the past two days, fluctuating between a support zone of $17.50-$17.87 and a resistance range of $18.56-$18.86. If the upward trend continues, the next targets for buyers are the $19 and $19.5 levels.
Below the current support zone, buyer orders are clustered within the $16.75-$17.15 range, with an additional support level of $16.5. In the event of a correction, these levels may offer attractive opportunities for spot purchases of the asset.
Short-term support range : 16.71-17.20Hello?
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(ETCUSDT chart)
The key is whether the price can be maintained by receiving support around 11.338-16.07 and rising above 19.45.
(1D chart)
We need to see if it can receive support around 16.71-17.20 and rise above 18.80.
If it falls below 15.27, caution is needed as there is a possibility of a new low.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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EtcUsd potential inverted h&S formingIt seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow:
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper trendline.
The second potential medium-term target would then be around 50$, where the next major resistance would lie and where the inv. h&S pattern would be confirmed if there where to be a breakout above that price-zone, thus confirming a bottoming and a reversal in the market, signaling a new bull.
ETC grow After Liquidity Sweeps 📈💡Ethereum Classic (ETC) has been quietly making waves, with a remarkable ascent that follows liquidity sweeps of essential support levels. Similar to Solana (SOL), it's primed for what might be another liquidity sweep around critical levels, potentially sparking a new phase of growth. This phenomenon underscores the pivotal role of liquidity in driving price movements. 📈💡
Liquidity Sweeps: Powering Price Action
Liquidity sweeps are market dynamics in action. They involve brief, intentional price surges that clear out buy or sell orders clustered around specific price levels. These sweeps often precede significant price surges, highlighting the profound influence of liquidity as the driving force behind price action. 🚀💰
What Lies Ahead: The Next Move
For ETC, the anticipation of another liquidity sweep, possibly around a pivotal level, could be a game-changer. This event may set the stage for another upswing as orders are cleared out. However, the cryptocurrency market is inherently dynamic and occasionally unpredictable. Staying vigilant and adjusting your trading strategy is essential. 📊🔍
Trading Strategy:
Exercise Patience and Caution: If you're considering a position, it's wise to wait for the liquidity sweep event to materialize and look for corresponding price action confirmation.
Implement Risk Management: Mitigate risk using essential tools like stop-loss orders, which help protect your investments.
Stay Informed Fundamentally: Keep yourself well-informed about Ethereum Classic's fundamentals and any news that could impact its price.
Conclusion:
In the cryptocurrency realm, liquidity plays a paramount role in shaping price movements. Liquidity sweeps, much like with SOL, can be pivotal moments in catalyzing growth. Yet, it's crucial to remember that they are not infallible.
As a crypto trader or investor, it's essential to exercise caution, stay informed, and adapt your strategy to the ever-evolving market conditions. While liquidity provides the fuel, it's your strategy that guides the ship.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
No One Is Noticing This Massive Price Reversal Setup Of ETCHi friends hope you are well and welcome to the new update on Ethereum Classic (ETC).
Before starting the analysis of ETC, I would like to share with you my most recent trade signal for Ethereum Classic, which I shared on 21st Sep 2023. That was a harmonic bullish reversal BAT move, which ETC formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move.
Formation of huge wedge:
On a weekly time frame, since May 2021 to March 2022 Ethereum Classic was moving in a very falling while wedge pattern and finally in the second week of March 2023, it broke out this big wedge, but got stuck inside in another falling wedge pattern, which was bigger than the previous one.
Broke several wedges and the formation of channel:
While moving inside the bigger falling wedge pattern, the priceline of ETC has been breaking out different other patterns as wel. In the below chart, it can be clearly seen that in the month of July 2022 it broke out another falling wedge and then formed another falling wedge and broke it out in the month of January 2023. Now it has formed a down channel and moving within the bigger falling wedge pattettern.
Targets:
As the down channel is considered a bullish biased move, therefore, there is a very high probability that the priceline may break out this recent down channel rather than breaking down the support. Now if we take a look at the targets, then the target for the channel’s breakout will be approximately 25 dollars, which is the top of the channel, and if the price and reaches there then it can also breakout the bigger falling well, and the target for the bigger falling is $75. And there is a big move still due, which is the target of the falling wedge breakout which was happened in the month of Mar, 2033, and this target is between $180 to $200.
Conclusion:
On a weekly time frame chart, ETC is continuously forming bullish biased patters, therefore, there is a very high probability that the priceline may soon break out the bigger falling wedge pattern for a very massive and long term rally.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Ethereum -> Is This Still Bullish?Hello 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 massive weekly structure which is now acting as strong support I do expect another weekly bullish bounce from here.
Finally you can see that Ethereum is creating bearish market structure on the daily timeframe so it is best to wait for some reversal before a weekly and monthly bounce will be quite likely.
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:
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.
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.