Forming a TriangleETC bounced off of a previous low of about $3.40 and is forming a triangle pattern. MACD and RSI show that it might break out. The 4-hour chart shows that RSI is around the middle and MACD is also converging.
Currently, I am looking for a sudden increase in volume and will hopefully take a long position if it breaks out.
Ethereumclassic
ETC / USD — Ascending Traingle TradeHi people, welcome! What can move ETC price up or down next ?
Found ETC-USD in developing of Ascending Triangle (Flat Top)
Possible targets for this triangle in nearest strong support and target zones.
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Ethereum Classic is in a Great Buy ZoneHello Traders,
Etc is in a excelant buy zone. It corrected from its previous upward movement to the 0.618 of Fibonacci and now it is above an important support zone. There is a high probability to this asset restart its upward trend.
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Ethereum Classic (ETC) - March 28 (4h)It fell from the long-term uptrend line (1) and the uptrend line (2).
At 4.250, you must get support.
You need to make sure that you can ascend quickly to the long-term uptrend line (1) and the uptrend line (2).
The key point in your current location is 5.889.
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All coins are located at attractive prices.
However, careful trading is necessary as BTC moves.
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ETCBTC Just Got Its Horizontal Support Zone Confirmed [BULLISH]I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave.
I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal moment, I expect the price to reach above the resistance level 1 with a bit of struggle. Then, with an S/R flip I expect resistance level 1 to act as support to go to resistance level 2.
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ETC and altcoin comparisonETC has formed a descending broadening wedge, this is a bullish pattern. There is a large price range for bullish movement outside of the wedge. Also included early phases of ETC and compared to GNT (golem), shows clear degeneracy, with a sharp reversal point. Big money to be made.
Some wedge symmetryExample of wedge symmetry, rising wedge turned falling wedge on the ETCUSD pair. The falling wedge begins wide at the top and contracts as it proceeds, eventually tightening to a point where it 'explodes' which can be seen. The rising wedge is the same except beginning wide at the bottom and tightening as it proceeds upwards, eventually leading to bearish movement. Apologies for the top red line it is not symmetrical at all!
Nearing end of correction, long play in sightAfter 3 weeks of sitting out and waiting to hit target buy zone, we are almost there.
Trend-line support on the 5-year log is just above $7,600, and rising, 61.8% fib retracement sits at $8,250. Again, per my research, no Bitcoin rally has retraced less than 64%, ever, so I'm still eyeing that buy-wall around $8,000. $7,950 is my target strike price, but I will watch price action as we get near we may go lower, we may not break $8,000, we may tap $7,800 or so. I will let the chart tell me when the reversal happens.
RSI at 40 and falling, on the daily. Will be eyeing RSI of 30 near bottom. MACD, after almost signalling a bullish cross-over is diverging and showing weakness again.
I believe this is the 1st & 2nd wave of a 1,2,3,4,5 Elliot Wave pump for 2020 and the next one, wave 3, is going to be a solid rally.
As always, look for Tether injections, as rallys have always happened immediately after they occur.
Curious to see how this reversal develops. Will we get a big inverse head-and-shoulders from bottom? Or will we go sideways until we use the 5-year log support line to drive us up? Or, maybe, we fall through trend-line support and we're back to $6,000 in a month or two. This last possibility I highly doubt, but definitely cannot rule it out, anything is possible.
Will be layering in my buys, aggressively, and posting updates along the way.
ETC/BTC Bearish TimeHello Traders,
Today i am gonna be doing a quick analyses about Ethereum Classic, for this asset we have a big uptrend moviment, and now the bears held control of the price, we lost wall the fibonnacci Retracement levels, we dont have any bulls defence, and now the price is acumuting on it seens to be a Bearish Rectangule, the last chance to make the price have uptrend moviment is remaing above the 0.03828 level, if we lost this level, the price will go back to test the important support line.
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Ethereum Classic Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions