Ethereum Classic – definitely on our radarHi Guys!
As BTC bounced off we can count on a bit of rally on other altcoins.
ETC is definitely on our radar. We are again at the bottom of the level which was defended 5 times since the turn of the year.
We also wait for the rise of the volume on Coinbase where ETC has been lately listed.
They enabled full trade mode on ETC so we hope within a couple of weeks when the market finally reverses from bear to bull, we will experience serious gains on ETC.
With the positive moods on the market we should earn good money. ETC is now discounted nearly 80% of the top price.
The ETC team made many technical advancements during last months (inter alia side chains) and are on the 12th position in terms of market cap and on 5th in terms of daily volume.
So looking at the chart.
Level of 0.0018 was defended 5 times since the beginning of the year. This is for some reason very strong support and this is not very likely to cross it down.
We also observed double bottom forming both on the price chart and Stoch RSI.
On the Weis Volume chart, we can also see lack of supply now. This is good information but to gain some $ we need of course more demand.
It will come. Sooner or later but it will finally come.
So Traders! When buying set your stop-loss at around 0.0018, depending on how tolerant you are at risk. First take profit should be at 0.003. Second take profit at 0.004. What next? Time will tell.
What are your estimations regarding ETC? Are you bullish our dear Traders?
Thanks for all comments and likes.
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MASSIVE Hugs!
WBM Team
ETCBTC trade ideas
Etherum Classic (ETC) Great Volume... Additional Bullish Action!Etherum Classic (ETCBTC) has shown huge gains since bouncing from bottom on 14th August @ 0.001714, reaching today as high as 0.002317 with huge volume building up.
This can definitely mean the start of something. ETC is showing signs of additinoal bullish action coming.
We have the biggest volume on the daily candle today of all time, on Binance, with the exception of the 12th June 2018.
You can expect an additional 30% gain in the coming days/weeks, and even more additional bullish action if the cryptocurrency market turns green... Which seems to be the fact, since Bitcoin is preparing for a new wave up...
Check the comment section for my latest Bitcoin Trade Idea.
Thanks a lot for reading...
Namaste.
Another trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
Another trading opportunity to buy in ETCBTCTechnical analysis:
. ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00211)
Ending of entry zone (0.00182)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018.
Take Profits:
TP1= @ 0.00240
TP2= @ 0.00280
TP3= @ 0.00324
TP4= @ 0.00350
TP5= @ 0.00470
TP6= @ 0.00560
TP7= @ 0.00820
TP8= @ 0.00951
TP9= Free
ETCBTC: weak trend bounce signals further downsideETCBTC has bounced weakly on a trendline, which has been broken several times already, making it less likely to hold this time.
If the ratio drops there is another trendline (shown as faint line) which could provide a more substantial bounce. The main support at 0.0013 appears to be the most likely destination.
ETC breaking out of the downtrendETC has had a short pump in anticipation of the Coinbase listing. Now with the 'bleu app' - for main stream retail investors, its likely a second pump will follow but first what seems likely is a small correction upwards when we break out of this downtrend. Also bounching of the longer trendline and staying in the greater pennant that is getting close to being finished. If BTC would make a dive i still think ETC would be fine for now but the fact it has only gone down a bit in the last 90 days where other coins have been hammered is something to keep your stoplosses on for.
ETC, A Nice Shorting OpportunityEven though we are near a significant support ETC shows a strong downtrend energy and I believe we can take some risk to harness it. So let's Short ETC .
We can watch these levels for a reversal:
0.00185
0.001325
But I suggest you to follow the trend and see where it goes before its energy exhausts.
And as usual, let's be humble and admit that we can be wrong. The best way to express this is setting a Stop Loss . Mine would be at 0.0025081 .