ETCBTC trade ideas
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
Ethereum Classic Coinbase ListingETC is going to DUMP right after/shortly before the Coinbase listing. There is massive speculation on this coin driving the price up, with many day traders all in ETC right now, waiting for the right time to sell. I'm not sure if the dump will happen Tuesday August 7, when Coinbase announces it is accepting inbound transfers of ETC, or Wednesday August 8 -> Thursday August 9, when trading opens on Coinbase Pro. But we can use fibonacci retracement theory and market sentiment to get some idea of where ethereumclassic is heading before the drop.
If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks.
What do you think?
ETCBTC Nice Uptrend$ETC has started a nice uptrend. .00280 is monstrous resistance, breaking out of that we would be looking at .00400 as next target.
ETHEREUM CLASSIC (ETC) ANALISISToday (7 august) coinbase open transfer ETC to their platform. Tomorrow or the next day ETC will list on coinbase and coinbase pro !!
KEEP HOLD YOUR ETC
long position for the next weekWith positive news, the trend will develop in the next direction (not counting the corrections) 0.0027 - 0.005
ETC potential targets(Coinbase listing)-Short termETC is in bullish move because of coinbase listing on 7th August.
I have kept a very conservative targets .However,it can blow past these targets.
Use these target(in green box) as a reference and be safe .
blog.coinbase.com
ETC Next Push UpETC found a big support at 2000Sats.
We still have a good "equilibrium Price" between BTC/ETC (when BTC pumped 8500ish and when it dumped 7500ish).
1D Chart > MACD about to cross / Rsi growing up
Next jump should push us to 2850 and 3000 (can see clearly resistance at 3k on ichimoku )
Keep an eye on Coinbase listing...
...And like always keep an eye on BTC -1.94% movements.
Happy Tr4Ding !
A 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 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:
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
There is a 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 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:
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
Golden Cross on Ethereum Classic.so many bullish fundamentals going on right now with the impending arrival of ETC to coinbase and on top of that Robinhood beating them to the punch and making it available on their app as well. Not much more needs to be said really.
ETC/BTC Short Hi everyone. ETC/BTC (ETC/XBT) has been pumping quite nicely these past couple of days. We are reaching a pretty strong confluence of resistance however, and I plan to attempt a short near the purple descending line. Some confluence to consider:
-Fib line
-Top of the daily cloud
-Descending resistance trend line
-Daily pivot Resistance 1
-Descending resistance on RSI
We may have a little more room to run on the L-RSI in yellow below. Once it tops out with a green candle, I will be shorting. If we end up getting a higher high however, I will stop out. Aiming for the previous support area.
$ETC Ethereum Classic Market Analysis $ETCBTC$ETC Ethereum-Classic has had a nice impulse leg up. It's stalling at resistance and I'm expecting a retrace before another move. I'm bullish overall, but always cautious of set ups to liquidate retail traders as usual. Price playing out in overbought zones, some green volume which has backed off a little. This could go either way, my sense is 60%/40% favoring the bulls. I wouldn't enter here, my entry was at support, but Im not exiting here, choosing to stay in following the 9 and 18 EMA's with a trailing stop loss strategy. Re the stop loss idea with Binance its a matter of creating and deleting stop limit sell orders until they build in a trailing stop loss feature. Watch my short video of my analysis and my Binance stop loss strategy. I cover my take on Elliott Wave also: youtu.be
ETC/BTC short term ETC/BTC short term
if pass the first reistance/fib could see it head to that diagonal trend
Prepare for a next ETC leg Situation is more than awkward. We need couple more days to go sideways and only then we will have a chance to look a buy opportunity. As for now support holds it but if BTC will go down ETC will go straight no new support line on 1900.
Trade on your risk but right now you are catching a falling and no one knows will you catch it or not.
