ETC bearish till coinbase trading opensHi everyone,
ETC completed it 5 wave structure and is bearish .
Targets will be at green boxes when coinbase listing opens.
You can check my previous idea of ETC .
ETCBTC trade ideas
ETC - Price AnalysisETC price has retraced and begun to form a falling wedge / bull flag.
Stochastic RSI - Bottomed out and although there hasn't been a bull cross yet, I would recommend watching some of the smaller time frames to look for volume confirmation that would cause the signal line to crossover.
RVI - The relative volatility index indicates that price volatility has been driven down.
Kumo - Further confirms the lessened volatility as seen on the RVI
Tenkan/Kijun - Both have begun ranging which tells us that price momentum has begun decreasing
Due to the lessened volatility, oversold conditions, continuation chart pattern, I would expect to see the price break to the upside of the flag and possible extend to the .618 fib level near the 0.002510 price range.
However, if a tops break fails to occur, I would expect the price to find support above the .236 fib level at one of the two green support lines drawn.
Ethereum Classic . Still On. [200%+ Profits Opportunity]The past 4 days was one of the sweetest for both ETC holders and the developing team. By default this reversal trend which happened on the past 4 days was actually expected as we earlier, in mid June, reported on our telegram channel that Coinbase was planning to list ETC and that it would be a very good opportunity for the coins holders. But most crypto traders didn't give much attention on the listing and didn't expect the coin to show this much progress specially because of the overall current market situation. As we have seen its reversal move though, ETC touched the 50% retracement level at around 296k sats. By this the wave which started to make a progress showed a very well volume backed up move. At this point the 1D chart showing that it needs a consolidation and will show us some correctional waves upto the 23.6% fib retracement level and will most likely start its 3rd wave creation towards the 78.6% level if volume keep moving like it did for the past days since the tweet from the Coinbase team. Therefore we expect some correctional moves for short term investment. But the weekly chart really looks like fine and a great opportunity for a longer term accumulation.
Indicators that confirms the elliottwaves creation are mainly the volume is looking very good for the time being. RSI is at 69 which shows that the trading possibility needs some patience till the correction gets its bottom. Both the 50EMA and 89EMA are still below the price. Which actually showed some up moves while the price corrects.
Fundamental reasons for long term accumulation signal is mainly the tweet that has been made by Coinbase on Friday which stated that
"Our engineering team is beginning final testing of Ethereum Classic on Coinbase products. We expect final testing to be completed by Tuesday, August 7, at which point we expect to announce that we’re ready to accept inbound transfers of ETC.https://t.co/l7smcSY3q8 "
on their twitter page.
Accumulation Zone : 225000 sats - 245000 sats
Stop Loss : 170000 sats
Possible Targets
T1 : 267900 sats
T2 : 295200 sats
T3 : 322500 sats
T4 : 361400 sats
T5 : 410900 sats
Good Luck.
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EtcbtcRsi and volume don't support the upward direction in short term so it would decrease first .500 fib levels. Good luck..
Ethereum Classic (ETC) Expecting another drop, falling wedgeETC is In a falling wedge, and it is expected that we get another drop as we approach the ichimoku cloud resistance. We have hit first support right now, but it is doubtful that we can hold. There is a possibility of another 1% rally with the bull div, which worked out for me on BAT, but I'm not going to take the trade.
if you hold ETC, sell now and rebuy around 2300 at the very least. Market is not doing very well right now. Only profit is the ones you get from shorting BTC. I plan on going long around 5300 after a V then a __ bottom formation, which worked for me the last two times.
Thanks for viewing, hope you guys managed your trades well and didn't lose too much money. I lost a significant amount on TRX as I transferred my tokens to the wallet to participate in voting.
ETHEREUM CLASSIC APPROACHES RESISTANCE - CryptoManiac101Chart is self explanatory - we need to see solid break to confirm further upward momentum. STOCH RSI indicates correction.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
EthereumClassic VS Bitcoin Psychological ResistanceEthereum Classic has been moving up against the Bitcoin as suggested in the previous idea on ETH/BTC . Price has reached 244k satoshis upside target, broke above and went up to the 296k satoshis high.
The corrective wave down followed and currently ETC/BTC is trading at the previews resistance, which currently acting as the support - 240k area. EthereumClassic is likely to continue outperforming the Bitcoin and should be aiming towards the 300k psychological resistance level, that is confirmed by the Fibonacci retracement.
Break above 300k satoshis, should result in further growth, where price is likely to reach 350k satoshis area in the short to medium term.
But currently it is important to watch 240k satoshis support area, where buying opportunity could present itself once again, only if the support will hold. Break below the 240k level, coudl push price towards the next support, either 227k or 210k satoshis.
Considering the potential downtrend, only break and close below the recent low at 193k satoshis would invalidate bullish outlook and shall result in the further decline.
ETC UPDATEETC is almost complete it's A corrective wave. There will be a 10%-15% profit potential on wave B. Then we will watch out for wave C , the last corrective wave , before greater opportunity arise.
ETC – repeated history of LTC? 400% in 6 weeks?Hi Guys!
As Bitcoin price drops down there are many alts that actually grow.
One of them is Ethereum Classic. We all now Coinbase is going to support ETC starting from 7th of August 2018. After around two weeks when enough liquidation will be obtain they start active trading.
Will we repeat the success of LTC from last year when Coinbase started supporting trading of LTC?
We think yes!
Anyway we are after correction on ETC. We had a descent bounce off from 0.0019 level.
We already crossed EMA100 on daily chart as well as TenkanSen from Ichimoku Cloud.
So this trade should be safe so far according to mentioned indicators and current place on the chart.
We also observe MACD bull’s cross and evaporating supply on Weis Volume indicator.
The only thing we need is more volume.
Once we will be bombarded by good news related to Coinbase and ETC, the rally should start.
Look at the ETC and LTC comparison. The both were really low before the rally.
Once EMA100 on daily chart was crossed, supported by the good information the substantial growth was observed.
What do you think guys? Are you fully loaded?
Are you counting for such scenario as with LTC in 2017?
Once again thank you for being here.
Thank you for all likes, comments. You are really great community.
HUGE Hugs!
WBM Team
Ether Classic (ETC) Descending pattern, another rally possible.ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.
Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.
I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.
This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.
Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:
ETC ReadyNice cup formed and now its working on the handle... How far will Coinbase take it?
Would be nice to see a BCC kind pump out of it... I wonder myself since everyone knows what happened with the BCC pump because of Coinbase might make ETC even bigger because everyone wants a piece of that action and the price is much lower to start with. Anyhow its gonna get interesting in the coming days an just fun to watch if you have skin in the game or not...
ETC is ripe for the next run, plus fork on July 13 1:1 free coin4hr chart is showing MACD, Stoch, trendlines, and the ascending triangle all pointing for the next bull run. There were 59 days in between the last bull run in the channel its running in. Tomorrow on July 1 will be 59 days again, and its lining up nicely where a breakout usually happens on a ascending triangle. Top of the channel is at .0029ish.
Im hoping for the old days, where forks with free coins would generate a good bull run. ETC give 1 to 1 give away for ETE Ethereum emerald. Don't forget about coinbase listing ETC soon also.
Fibonacci retracement 0.5% up trend normal signaled Ethreum classic uptrend has retraced to the 0.5 fibonacci level signaling the market is in a decent normal uptrend along with coinbase listing this currency is set to explode for long term
ETHEREUM CLASSIC: COINBASE & ROBINHOOD? - PROFIT = 38.80% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 38.80% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 3: London Block Exchange Enables GBP Trading for Ethereum 1.04% -0.11% Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum 1.04% -0.11% -0.03% -0.75% Classic Investment Trust.
May 6: Ethereum -0.11% Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum -0.11% Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum 1.04% -0.11% Classic.
May 24: Ethereum 1.04% -0.11% Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
May 29: Open Bazaar lists Ethereum 1.04% Classic.
May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
May 31: Ethereum 1.04% Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum 1.04% -0.11% Classic.
June 7: Ethereum -0.11% Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.
June 8: Stocks Gazzette releases article that states that Ethereum 1.04% -0.11% Classic is a grossly undervalued coin.
June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum 1.04% -0.11% Classic.
June 12: Binance adds new Ethereum 1.04% Classic trading pairs.
June 12: Coinbase announces it will list Ethereum 1.04% Classic in the "following months".
June 14: Ethereum 1.04% -0.03% Classic Labs is launched that will provide a full range of support, including operating funds, technical guidance, office space, industrial resources, creative strategy consulting, & more.
June 15: SEC announces that Ethereum 1.04% is not a security.
June 23: CoinBene Brasil lists Ethereum 1.04% Classic.
June 23: Nova Exchange lists Ethereum 1.04% Classic.
June 24: RADEX: Saturn Network launches the First Decentralized Platform for Ethereum 1.04% Classic called Radex Classic.
(NEW) August 5: Coinbase announces it is testing support for Ethereum Classic.
(NEW) August 6: BitOasis lists Ethereum Classic
(NEW) August 6: Coinbase announced that, barring any setbacks, they’d be greenlighting “inbound transfers” of Ethereum Classic on Coinbase Pro and Coinbase Prime as of August 7th
(NEW) August 7: Ethereum Classic Overtakes NEO in Market Cap.
(NEW) August 7: Crypto Trading App Robinhood Adds Support for Ethereum Classic.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ETC growth, whats it's all about.Coin of the day is Ethereum Classic.
Ethereum Classic started to show a significant growth lately, let's see what its all about and what to expect further.
Recap
In 2016 after the hack a venture capital fund called The DAO, which was built on the base of Ethereum, the decision of a hard fork was made: the old version stayed as Ethereum Classic and a new one – Ethereum.
Basically, Ethereum Classic came into existence when some members of the Ethereum community rejected the hard fork on the grounds of "immutability", the principle that the blockchain cannot be changed, and decided to keep using the unforked version of Ethereum.
Latest news
August 6 - Listing on Robinhood platform. From Robinhood blog: “Starting today, you can invest in Ethereum Classic on Robinhood Crypto, commission-free.”
August 7 - Listing on Coinbase. Announced on June 11 on the company blog and the correct date (August 7) was announced on Twitter on August 3d.
Technicals
The coin added 50% of value during the last days and broke the Bearish Tendency Trend line along with 100-days EMA, both are clearly bullish signs. Nonetheless, it is worth to remember that after the growth on new listings the price often goes into a correction. So, despite the fact that these events are positive in the long run, for now, we expect a correctional movement. 0.0025 level and 100-days EMA should play a supportive role if ETCBTC is going to continue an upward rally. 0.003 will be a major resistance and target in near-term. If the price will go below the 100-days EMA the next downward target will be 0.002 level along with global Bullish Trendline, crossover of which will make an overview negative.
ETC Still BullishETC still an long term investment.
Just follow the trend and look Red Circles. we are just in a small correction.
Happy Tr4Ding !
ETCBTC updateSold out of my coins, trying to get back in in this dip.
I prefer to scale into a new2 position between 0.50 and 0.618 fibonacci
ETCBTCETC success break up descending triangle pattern,
and we also reach our target at previous analysis
rightnow still no pattern perform, but we already have two trading plan here :
1. first trading plan is bullish flag :
we have support line at 0.0027973, we can buy this coin here and aim for bullish flag projection at 0.0040791
2. If bullish flag failed to perform, we can wait at 0.0023551 at fibonacci support, and aim for 0.0034491 at ABCD fibonacci projection
To get more information about this trading plan, please check our daily video analysis
