ETCBTC trade ideas
ETC Looking BullishHi Guys
Another big cap project is ETC which was dumping from Feb 2020, so rightnow here is looking bullish and many things are here which are indicates that we can take long position from here.
The first is on 4hr chart we can see IHS pattern and also double bottom and the SL will be 0.0003050 if 4hr close below is this level.
Short term trader also can take long position from it level. TP will be 0.000405
ETCBTC is trying to have a breakout 🦐ETCBTC is trying to have a breakout from 4h resistance, after bounced on 0.618 Fibonacci level and daily support.
IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ETC bottom potentially inETC survived the latest BTC pump to near ATH by dropping momentarily to most recent support and quickly recovering with a top heavy green doji candle, coupled with the first significant buying volume indication since March this year. The recent price drop is also complimented with a red TD13 indication which when used in conjunction with other factors can often be seen to mark the bottom of a bearish price movement. Price is currently looking to hold above a local support, some upwards movement sustained above the 20 day MA and finding support there could present viable grounds for a long position.
ETC/BTC Bullish Chart and Is it Good Time to enter..?#ETC/BTC TA Update :-
#ETC after breakdown it dumped almost -50%
Bow again good time to enter in this trade.
Now trading at support level.
Entry:- 3000-3200 Satoshi
Targets :- 5125/8220 Satoshi
Stop loss:- 2990 Satoshi
Support :- 3000 Satoshi
Resistance :- 5125/8220 Satoshi
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Ethereum Classic's Turn Is Coming, Falling WedgeEthereum Classic (ETCBTC) peaked Jan. 2020 and is finally hitting support.
After correcting almost by 100%, ETHBTC reached the same level it hit back in late October 2019...
When this level was hit, a strong bullish wave followed that produced over 240% growth.
With this support level now activated, we can expect a similar outcome.
Note: This is not a piece of trade advice.
This is a good setup and can be traded.
A buy order can be set at current prices aiming to hit multiple targets on the way-up.
If the market turns and things go wrong, we can set a stop-loss at the last low.
Namaste.