Ethereum Classic: Buying Opportunities from the Main Trend LineWhat do you think about Ethereum Classic? From my point of view, it is not so interesting as Ethereum, but for swing trading, it can be used as a part of the trading portfolio.
The price reached the resistance zone formed by 7.50USD and 8.00USD levels. It is possible to use a breakout above this resistance zone, but I think a pullback with the further reversal from the main uptrend line, it will be a better trade.
Stop orders for long trades should be placed below the main uptrend line. The profit targets can be 10.00USD and 13.00USD resistance levels. Risk per trade should be no more than 2-3% from the trading capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Ethereumclassic
Ethereum Classic (ETC/USDT) New Cycle Beginning.Hello Viewers.
The well fundamentals-asset charted is testing the resistance level for the third, its more likely to break it this time and the above marked Levels have been found through Fib-Extensions levels as Potential Targets.
It may retest the support level marked in black as Horizontal Ray, after that it can again clearly get through the resistance level.
If we see a support resistance flip it may be a good entry point.
ETC - STUCK IN SIDEWAYS TRADINGEthereum Classic (ETC) is currently stuck in a sideways trading period.
However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel.
ETC currently has bullish momentum:
- Heikin Ashi - GREEN - BULLISH
- MACD - POSITIVE CROSSOVER - BULLISH
- Descending triangle formation - BULLISH BREAKOUT
- RSI - High value - high interest - BULLISH
- Bollinger Bands - Upper region of bands - positive movement after BB contraction - BULLISH
ETC is looking handy at the moment, however if $7.4 USD is not broken then ETC will continue to trade sideways (with a likely move down to the support level shown)
this is NOT financial or investment advice
Ethereum Classic (ETC) - July 29Hello?
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You need to make sure you can get support at point 7.008.
If you are supported by rising above the uptrend line (3) and above 7.685, you are likely to rise above 8.3.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
LARGO - ETC - Oportunidad de CompraEl FTX:ETCPERP ha sido una de esas monedas que ha reaccionado de manera muy positiva a la alza repentina del BTC, consiguiendo por fin romper la gran resistencia del MA200 en la gráfica diaria. Es una moneda que ha estado durmiendo por mucho tiempo, y ahora que el ETH y el BTC se estan reanimando sin duda el ETC puede lograr tambien.
Entrada: 7.2085
Objetivo 1: 8.2315
Objetivo 2: 9.4580
SL: 6.8380
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ETC/USD Triangle. Pivot points. Past idea + 240%A symmetrical triangle is formed. The base of the triangle is over 200%. The price is shrinking. I marked the observation area. Target levels are similarly shown on the chart.
A local upward trend is developing. The secondary and main trend are downtrends.
If the triangle is broken down, a double bottom will form.
I marked the zones of price levels. Remember the support / resistance level is the area near the center of the line, not the line itself!
Now there is no entry point, but only a situation for observation.
Enter on a breakout or pullback after a breakout of support / resistance.
The tool allows you to work on the market both long and short.
Past trading ideas for this coin. ETC / USD Profit from entry point to maximum + 240%
ETC / USD Pivot Points. Wedge. Potential + 150% Dec 8, 2019
+ 150% exactly in the designated first target and observation area.
Next trading idea. An uptrend is developing.
ETC / USD A symmetrical triangle is forming. Past idea + 195% Jan 26 2020
Target taken. The triangle is broken upwards. Total profit from this trend + 240%
I wish all traders a big profit in trading. Train your brain and morality.
ETC/USDT 4h (Binance Fut) Descending channel break-outTA: Ethereum Classic is looking quite bullish on LTF after that parallel channel break-out and retest.
I'm still holding a long on ETC/BTC pair so let's scalp it in Futures too:
Current Price= 6.129
Buy Entry= 6.138 - 6.028
Take Profit= 6.357 | 6.464 | 6.615
Stop Loss= 5.799
Risk/Reward= 1:1 | 1:1.38 | 1:1.92
Expected Profit= +27.54% | +38.10% | +53.04%
Possible Loss= -27.54%
Fib. Retracement= 0.5 |0.618 | 0.786
Margin Leverage= 6x
Estimated Gain-time= 360h
ETCUSDT ANALYSISIf you have ETC, you may wait at the resistance line(7.2300) to sell it.
If you want to buy, you have 2 opportunities.
a) you wait that the candles go down at the support line(5.3220)
b) you wait the resistance line(7.2300) will turn the support line. And, also, take help from EngineeringRobo's signals.
Ethereum Classic (ETC) - July 22Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to see if we can rise above the short-term downtrend line (2).
In case of a downturn, we need to make sure we get support at the 5.889 key point.
You should also watch for support on the long-term uptrend line (1).
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Don't miss the great buy opportunity in ETCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (6.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 6.58
TP2= @ 6.80
TP3= @ 7.05
TP4= @ 7.30
TP5= @ 7.65
SL= Break below S2
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Don't miss the great buy opportunity in ETCUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (6.35). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETCUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 6.58
TP2= @ 6.80
TP3= @ 7.05
TP4= @ 7.30
TP5= @ 7.65
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETC/BTC strategyHello, traders.
ETC, we have an interesting situation happening with it, it broke its short-term downtrend but is now testing the key level as resistance (A key level is a place where the price was support and resistance many nos Last times)
The ideal would be for us to start an accumulation close to the resistance and as soon as we had the breakout we will be able to enter, we have a buying point in the resistance line to test as a pullback, above the key level we will be very bullish in the ETC
Push the like button and follow on tradingview.
Ethereum classic looking great for long termProbably we are in a 1-2 scenario where we will see an important wave 3 developing in the coming weeks. If we don't, based on this regular flat we should see a move to the upside to complete a double zigzag structure, in both cases we are bullish at least to the last high
Ethereum Classic (ETC) - July 6Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to see if we are supported by the long-term uptrend line (1) and can rise above the 5.889 point.
If we can get support at the critical point of 5.889, I think there is a possibility that it will turn into an upward trend.
-------------------------------------------------- -----------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC/BTC 1D (Binance) Descending channel & falling wedge breakoutFA: Ethereum Classic is a decentralized Proof Of Work coin and you can earn mining, but it will be a hybrid POW/POS (Proof Of Stake) system after ETH 2.0!
TA: ETC is on historic support, it should react with a bounce after that break-out confirmation of the wedge and go for mid-line channel at least.
Current Price= 0.0006671
Buy Entry= 0.0006606 - 0.0006263
Take Profit= 0.0007472 | 0.0008094 | 0.0009152
Stop Loss= 0.0005398
Risk/Reward= 1:1 | 1:1.6 | 1:2.62
Expected Profit=16.11% | 25.78% | 42.22%
Possible Loss= -16.11%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440h
LONG - ETC - Trading OpportunityAfter slowly melting away for a couple of months FTX:ETCPERP seems to have formed a bottom, and now it is breaking upwards, kumo breakout on the 4h cloud and entering the cloud on the 6h chart, looking quite promising.
Entry: 5.9575
Target 1: 6.1735
Target 2: 6.44
SL: 5.8610
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