Ethereumclassic
#ethereumclassic #etc #ETC #EthereumClassic is still on the retest zone. 51.9 #USDT is very strong resistance if #ETCUSDT decides to go upside (by minor impulse). 78 usd level must be the top, if #btc allows to pump so hard. Losing 31 #usd is very critical for $etc Not financial advice. I'm neutral for ETC because of market conditions.
ETCUSD Channel Down or Bull Flag? See how to trade it!Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that followed broke above the Channel Down, however it is only marginally and have been so far contained with the 1.118 Fibonacci extension, which is within tolerance levels, just like the break below the Channel on the June 18 Low that was contained within the -0.118 Fib. In fact, see how perfectly each of the recent Lower Highs remains on the 1.118 Fib.
Since the mid July rally was so aggressive, the Channel Down that followed can be technically viewed as a Bull Flag pattern, preparing a longer-term bullish move. This gets even more significant as the 1D RSI rebounded on a Symmetrical Support level which during this 2021/22 Bear Cycle, always broke lower after but this time it provided a strong rise that broke above its Lower Highs. Furthermore, the 1D MACD just made a new Bullish Cross, the first one on such high values during this Bear Cycle. In addition, the price has already broken 4 times above the 1W MA50 (red trend-line), which on March 29 rejected the rally at that time. Last but not least, we have been trading on the strongest 1D Golden Cross (when the MA50 crosses above the MA200) since December 26 2020!
As a result, we could give the bull side a slight edge but only as long as the 1D MA50 (blue trend-line) and especially the 1D MA200 (orange trend-line) hold. In that case we can expect a Flag break-out and test of the 53.000 Resistance which was the previous Lower High of March 29. Above that level, we can confidently claim that the bullish trend has been restored on the long-term.
A break (candle close) below the 1D MA200 though, could kick-start a new downward sequence. In that case, a high probability target can be the 0.236 Fibonacci level, which as shown on the chart (circles) was hit on every major bearish leg within this Bear Cycle.
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Ethereum approaching resistance?Ethereum
Intraday
We look to Sell at 1709 (stop at 1744)
Daily signals are bearish. Bespoke resistance is located at 1700. We look for a temporary move higher. Preferred trade is to sell into rallies. 1718 has been pivotal.
Our profit targets will be 1622 and 1592
Resistance: 1650 / 1700 / 1750
Support: 1600 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETC- ''So close no matter how far'' It takes one key level to Buy/Sell and it can really make us money as much as it can go wrong. In any case, with the Ethereum merge coming closer volatility is almost a guarantee on Ethereum Classic, more than Ethereum itself.
Levels:
31.17 is the key level here, acting as support at the moment.
Very likely to be revisited as the price is below 34.46 resistance
42.60 is the roof for now. I got lucky to be honest and exited yesterday on time
22.99 is the level I personally will buy Big if we get to go there.
Yes, everything is possible so prepared for everything here.
If 31$ is lost the distance to 23$ is just like Metallica's 'Nothing else Matters' song:
''So close no matter how far''
What do I mean? Look at yesterday's 32% rise and back. That's exactly what i mean.. 30% is 'Far way' yet it was only a matter of hours, thus so close!
Those with patience and a plan can get rewarded. Hope my chart can help (you and me)
One Love,
the FXPROFESSOR
ETCUSDHELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
ETC USDT LONG SWING | ETCUSDT | LONG @ 34 - 36.5 | TP @ 37, 37.5, 38, 38.5, 39 | SL @ 29 | PATTERN = BULLISH PENNANT | COINBASE |
Breakout can also be seen on lower time frames, as well as retest of 200 EMA/MA
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ETCUSDT COINBASE:ETCUSD BYBIT:ETCUSDT KUCOIN:ETCUSDT BINANCE:ETCUSDTPERP FTX:ETCPERP BINANCE:ETCPERP
Ethereum Classic (ETC) - September 6Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ETCUSDT 1D Chart)
1st resistance: 40.76-43.40
2nd resistance: 47.10
1st support: 36.26,
2nd support: 30.50-32.78
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, the key is whether the 36.26-47.10 section can be supported and rise.
In particular, we need to see if we can move above 40.76 to break out of the medium-term downtrend line.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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These Indicators align to project Ethereum revisiting 1KLooking at the Ethereum daily chart, hearing and reading about all the calls for a crypto bottom, one would get confused as to what is happening, might happen, and if we are missing out on a momentous time where it really is the very bottom. So, based on these, I took the time to pull out the Ethereum daily chart, decided to either put a bull case or a bear case scenario, whichever is more apparent, and set the scene. Then this scenario's validation or invalidation would be telling of where things are going - bull or bear.
The bear case prevailed as it was very apparent. Below is how it was constructed...
First group of indicators: the 200EMA, 55/2 Hull EHMA and trend change patterns.
See the orange 200EMA line, the red/green ribbon and the blue line marking out the tops and bottoms with the yellow resistance/support line.
Price has not been above the 200EMA since April 2022, and had actually crossed down and failed an attempt to breakout in mid August. The 200EMA is not leveling up nor poised to change (unlike early August).
Price is above the Hull EHMA but the ribbon turned red in the recent week. Now, if and when price falls below the ribbon, it would be really bearish. It failed an attempt to break down in the previous week, but there does not appear to be momentum nor strength to keep it up for much longer.
The trend change patterns are a series of either higher highs and higher lows or lower highs and lower lows, given that the second higher high, or second lower low would set the breakout or breakdown point respectively (yellow S/R line). In May 2022, it was a clear break down. In July 2022, it was a break up. Currently, a potential pattern is forming and the second lower low (support level) has been set. A break down of this level would be bearish, and as per May 2022 example, it could fall off a cliff (towards the last low for a start). Having said that, the MACD in this case a opposing (as compared to the previous two events). Not sure what to make out of this for now, but a spike in price would certainly clarify. The fact that the longer term histograms (in the background ) is slightly bearish, tells that a revisit to the last low is slightly more possible.
Second group of indicators: the TD Sequential
See the numbers above or below the candlesticks
Referencing and credits to Thomas Demark, side mention about Jason Perl who wrote a simplified and easier to read book of Thomas Demark's work.
In the TD Sequential indicator, there are specific rules, particularly one that specifies a TD Setup (a series of 9 candles) defines the support resistance lines for the opposing TD Setup to break and effect a trend change. In March 2022, it was a bull trend. Which was then broken in May 2022, where the TD Setup (red) broke down the TDST (red dotted line). This was indication that the trend is bearish. Another TD Setup was done in June 2022. There was no successful opposing TD Setup, and the price failed the breakout of the TDST in mid August, confirming that the trend in force currently is bearish.
Last indicator: Fibonacci retracement and projection
The Fibonacci retracement was set for the recent low in late August, from the recent high in early August. It is not by coincidence that the retracement was to the 61.8% level, and by Fibo projections, the downside target (161.8%) is 1006.
In addition, flipping to the weekly Ethereum chart actually points to a bearish trending environment. The next upper time frame is consulted to find fractal alignments, which always helps in objectivity.
A wider perspective might also to consider the overall global market condition. At this point, cryptocurrencies tend not to do well in the face of an equity market breakdown. So, the tendency of a equity market breakdown, cryptocurrencies are not steady enough (yet) to counter that trend. So, some alignment here is a coincidental downside is imminent.
Invalidating the Bear case...
1. A price spike up over 1718 invalidates the Fibonacci projection;
2. A price spike up over 1718 also invalidates the trend change pattern as a higher high is achieved. This should also push the MACD upwards in a crossover;
3. A price spike above 1844, and sustaining above that level with the start of a TD Setup would give an indication that a bull case is forming; and
4. A price break above the 200EMA and a higher high above 2036 would be a clear indication of a bull case in effect, with the last August low of 1424 converting into a higher low for a larger trend change pattern.
If and when these 4 conditions prevail, then a bull case is presumed, otherwise, the base bear case is default.
Watch the incoming week(s)... Wait for it.
PS. I hope that this analytical breakdown helps to show how prevailing base case models are formed, including the invalidation of the model. Have a good rest of the weekend, and a great week ahead!
Ethereum at 61.8% fib?Ethereum
Intraday
We look to Sell at 1608 (stop at 1631)
Our short term bias remains negative. Selling continued from the 61.8% pullback level of 1607.04. There is scope for mild buying at the open but gains should be limited. We look for a temporary move higher. Preferred trade is to sell into rallies. Bearish divergence is expected to cap gains.
Our profit targets will be 1529 and 1501
Resistance: 1610 / 1700 / 1800
Support: 1529 / 1500 / 1450
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Jamie Gun2Head - Selling EthereumTrade Idea: Selling Ethereum
Reasoning: Price ran into a 61.8% fib level, bulls running out of momentum. Looking for selloff to be extended. Would ideally get in at a slightly higher level to help stop positioning
Entry Level: 1539
Take Profit Level: 1421
Stop Loss: 1576
Risk/Reward: 3.19:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Ethereum still moving lower? Ethereum
Intraday
We look to Sell a break of 1519 (stop at 1561)
Our short term bias remains negative. A break of the recent low at 1520 should result in a further move lower. 1527 has been pivotal. We look for losses to be extended today.
Our profit targets will be 1421 and 1391
Resistance: 1600 / 1650 / 1700
Support: 1520 / 1440 / 1400
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum Classic - After rise there is always...ETC is nice candidate for short since:
⭐️ BTC looks weak
⭐️ Yesterday we rose 10%
⭐️ Volume at top and decreasing, buyer is weak
⭐️ We just took stoplosses of bears behind local level
⭐️ Retested important zone
⭐️ 47 ATR
⭐️ Squeezing to VWAP
Will enter when price slowly squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
ETC Scalp Long📈ETC is nice candidate for long since:
⭐️ BTC has similar trendline
⭐️ Accumulation 3 days
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ Stoplosses are close
⭐️ Retested important zone
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
ETC- Increased Rebound Possibilities Looking better than Ethereum at the moment.
One Love,
The FXPROFESSOR
PREVIOUSLY NOTED:
Let's get things straight first:
We all know the Coca Cola of Crypto. It starts with 'Bit' ends with 'Coin' 🏛️😼
And then there is Pepsi..sorry, I meant to say Ethereum .
News = Volatility and short term Potential :
Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches
Ethereum's transition to proof-of-stake could be a boon for the price of Ethereum Classic.
What is the difference between ETH classic and Ethereum?
Difference Between Ethereum and Ethereum Classic. Ethereum , represented by the ETH, is the new chain that is the original blockchain's offset and takes a second to confirm any transaction. In contrast, the Ethereum Classic represented by ticker ETC is an original chain and not the offset of any original blockchain.
The split revealed philosophical divisions within the Ethereum community. Based on the principle that “Code is Law,” a small number of developers and miners believed that The DAO's investors should suffer the consequences of investing in a flawed project. However, the majority of the Ethereum community decided to roll back the blockchain, effectively creating a bailout for The DAO's investors.
KEY TAKEAWAYS
Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts.
Ethereum Classic was originally known as Ethereum . It was conceived by Vitalik Buterin and the Ethereum Foundation and launched in 2015.
Ethereum Classic was created after The DAO hack in 2016.
The dispute caused a split in the Ethereum community, with the majority choosing to reverse the hack. Ethereum Classic is the name of the original, smaller blockchain.
History of Ethereum Classic
Initially, the Ethereum blockchain was established as a single network where transactions were facilitated by using the cryptocurrency ether or ETH. The new network quickly became popular for initial coin offerings, as different teams used the platform to launch their own tokens.
One of the most successful ICOs was The DAO, a decentralized venture fund where investors would vote on assets to invest in. The DAO quickly accumulated more than 11 million ETH, from over 18,000 investors, before unknown hackers discovered a smart contract bug allowing them to withdraw about a third of The DAO's accumulated ether.
1
Due to the scale of the hack, many investors proposed reversing the Ethereum blockchain to rescue the affected investors, while others argued that doing so would set the precedent for future bailouts. After a hastily-arranged poll, 97% of the community voted to restore the lost funds through a hard fork.
2
As a result, the Ethereum blockchain split into two separate networks. The newer network inherited the name Ethereum and uses ETH or ether as its cryptocurrency. The older one, known as Ethereum Classic, uses ETC.
Concerns of Ethereum Classic
Although both Ethereum and Ethereum Classic offer smart contracts and are after the same market, Ethereum has gained in popularity as the more legitimate of the two networks. Also, Ethereum's ETH is second only to Bitcoin as the most valuable cryptocurrency network in the world.
3
One of the chief concerns of Ethereum Classic is the potential limitations when it comes to scalability. Typically, the network can handle 15 transactions per second, but that number is far less than payment networks such as Visa, which handles more than one thousand transactions per second. Although Ethereum Classic has gone through many software upgrades, the scalability of its payment systems remains to be one of its biggest challenges going forward.
4
Also, security is likely to remain an issue with smart contracts, particularly since Ethereum Classic has already experienced a hack and theft of millions of dollars. These concerns could potentially prevent smart contracts via Ethereum Classic from being used in major financial and real estate transactions.
Regulations of the cryptocurrency market continue to develop, which may or may not change how Ethereum Classic—and other networks—operate. For example, the Security and Exchange Commission (SEC) does not consider Ethereum or Bitcoin securities due to their decentralized networks.
5
Without being considered a security, some cryptos may have challenges getting approved for inclusion in various financial products that contain a basket of securities, stocks, and bonds such as exchange traded funds and mutual funds. Going forward, uncertainty remains surrounding the regulatory landscape for Ethereum Classic as well as other, less popular blockchain networks.
Future of Ethereum Classic
The future of Ethereum Classic looks less bright than Ethereum since Ethereum is considered the more legitimate of the two networks, especially with the security concerns of Ethereum Classic.
Investors have lost confidence in ETC over the years due to hacks into the system, and until ETC can redevelop its code and software to prevent future hacks, Ethereum Classic may have challenges ahead. However, it remains to be seen how the smart contracts will be developed within the Ethereum Classic project and whether they can be adopted for widespread use.
How Is Ethereum Classic Different from Ethereum?
Although Ethereum Classic's ETC has value as a speculative digital asset that investors can trade, Ethereum's ETH is considered the more legitimate and widely traded. In early 2021, the Chicago Mercantile Exchange ( CME ) approved the trading of ether futures . Only Bitcoin and Ether have been approved for such transactions. The futures are derivative contracts on an underlying security with a fixed price and maturity date.
6
Ether futures allow investors to trade ether for speculation but also to hedge an outstanding position in ETH or perhaps other cryptos.
7
We can determine how the investment community views ETC versus ETH by analyzing how much capital or investment dollars are being committed to the two currencies. When comparing the two market capitalizations of the two cryptos, ETH is the clear winner. The market cap of a cryptocurrency is calculated by multiplying the currency's price—based on a fiat currency such as U.S. dollars—by the outstanding coins or tokens in circulation.
ETC has 133.9 million coins in circulation with a market capitalization of $6.1 billion while ETH has approximately 120 million in circulation and a market cap of more than $417 billion. ETC trades at $46.00, while ETH trades for more than $3,475 per coin as of April 2, 2022.
8
Although both networks offer smart contracts, the potential for the aforementioned security concerns surrounding ETC will likely push investors to invest in ETH and adopt Ethereum's smart contracts versus those of Ethereum's Classic.
Goals of Ethereum Classic
Since the split, there have been many upgrades and improvements to the Ethereum Classic project. The goal of the project continues to be working toward becoming a global payment network using smart contracts that can function without centralized governance.
9
As with other cryptocurrencies, Ethereum Classic will likely continue to strive to be a digital store of value, meaning it can be saved and exchanged while retaining its value. The digital store of value for crypto includes its purchasing power that can be quickly turned into cash or used to buy another asset, similar to money.
How do you like your Pepsi?
-Proof or work or Proof of Stake ?
-Classic and forgotten or fond of Vitalik's changes?
Let me know our thoughts.
Ethereum posting higher lowsEthereum
Intraday
We look to Buy at 1644 (stop at 1603)
The sequence for trading is higher highs and lows. Previous support located at 1650. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 1715. Preferred trade is to buy on dips.
Our profit targets will be 1746 and 1789
Resistance: 1700 / 1750 / 1800
Support: 1650 / 1550 / 1500
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETC above weekly support#ETC/USDT
$ETC is still above weekly support.
price can continue sideway moves between descending trend lines for a while!
🐻 rejection from upper zone can shape a Head and Shoulders pattern and drop price to the lower line of weekly support.
🐮 break out from the upper zone can ride price to the moon.