Ethereum Classic (ETC)ETC been moving downward in an inverted triangle/wedge pattern. It seems the corrective wave ended at 0.618 Fibonacci level just like the previous one. Have to wait for the price to break this pattern. Let's see what happens.
ETCLTC_87F5F9.USD trade ideas
ETCUSDT-POTENTIAL BEARISH REVERSAL ETCUSD was in bullish trend and now price is consolidating here. some bearish points seems stronger like
1. bearish diversion on chart
2. double top
3. break of structure
4. break of parallel channel
eth classic spike setup?eth classic in vave 2 of C near completion
any weakness to recent swing low around $22 is major buy opportunity
target around $130
nfa
y axis only
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June 18, 2022 was the low?A few months ago I posted a larger timeframe chart showing a big channel ETC has been maintaining.
So far it seems that the price seem to have carved a bottom respecting this channel and I am trying to also make a count fit for this bottoming price action.
I see June 18, 2022 as the low and since then a 1212 pattern may have formed. Expecting the C leg of the second degree Wave 2 to form until April-May-June this year.
Time for ETC to run - 200%+ upside? ETC is breaking out of a long-term downtrend (evidenced by the downtrend line being broken and retested on the chart).
Also seeing MACD crossing bullish on 10HR timeframe and above 0 boundry, rising OBV above previous highs.
All this is indicating to me that we're close to a large move for ETC. I think if ETC does break out here, it should hit the $59-69 region over the next 2 or so weeks. Also possibility, it stalls at the lower resistance.
Let's see.
eth classic vaves updatevave 4 of leading diagonal complete or near completion
vave 5 to around $46
nfa
y axis only
ETC Primed for Potential Breakout, Targets $30Rounding Bottom Reversal: ETC's price action in the daily chart exhibits a rounding bottom reversal, with a critical neckline at $26, signaling a bullish momentum.
Bounce from 50-day EMA: The recent bullish comeback from the 50-day EMA further invigorates the uptrend, hinting at a robust recovery.
$40 Mark within Reach: Fibonacci level analysis in the weekly chart suggests the potential for the reversal trend to escalate towards the $40 mark.
Ethereum ETF News Boosts Sentiment: The buzz around Ethereum ETF and Standard Chartered Bank's expectations for its approval in May positively impacts Ethereum Classic, given its close connection to Ethereum.
Bullish Turnaround Triggers Rally Hopes: The optimistic market reaction creates a conducive environment for a significant price rally in Ethereum Classic.
Can ETC Hit $1000 in Next Bull Run?: With growing market excitement, the long-term prospects for ETC seem promising, raising questions about its potential to reach the $1000 milestone.
Technical Indicators Support Bullish Outlook: The MACD indicator's bullish crossover aligns with the current price reversal, reinforcing the likelihood of an ongoing bullish trend.
Key Price Levels to Watch: The immediate target for ETC lies at the $26 neckline, with a breakout potentially propelling the price to $30 and possibly extending to $50.
Trading Volume Backs Recovery Trend: An 82% increase in trading volume bolsters the current recovery, adding credibility to the bullish scenario.
Impact of External Catalysts: Market dynamics, including Ethereum ETF developments and the upcoming Bitcoin Halving, could further energize ETC's bullish momentum.
Potential Downside Risks: While the outlook appears bullish, a failure to sustain momentum could see ETC retracting to test lower support levels around $20.
Etc bullish opportunity Following an upward impulse price has reached the golden buy area of 61.8-78.6 fib zone
ETC Price Analysis: Poised for a Possible Surge to $40Ethereum Classic (ETC) is currently undergoing a retest phase after a recent bullish breakout from a consolidation range.
The weekly chart shows a potential end to long-term lower-high formations, hinting at a trend reversal.
ETC's price experienced a significant 37% recovery last week, followed by a minor 6.47% pullback.
Current retest phase viewed as a potential entry point for investors, aligning with bullish ETC price predictions for 2024.
The daily chart reveals a retest of the 50-day EMA and the 38.20% Fibonacci level.
A recent uptick in trading volume could signal a resurgence in bullish momentum.
ETC trading at $24.82, with a slight 2.05% drop, possibly indicating a shift to sideways movement.
Stochastic RSI approaching oversold territory suggests a potential bounce back.
Ethereum Classic shows robust support at the 50-day EMA, ready to counteract selling pressure.
If buying pressure persists, ETC could breach the $30 mark and aim for a $40 target.
Conversely, a failure to maintain current momentum could see ETC test lower support at $20.
The current market dynamics and technical indicators suggest a cautiously optimistic outlook for ETC's near-term price movement.
ETCUSD Still on huge upside potential despite the current rally.Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential.
The next critical Resistance level is 46.3500 and that is our long Target as it is where both the 0.5 Fibonacci level and Resistance 1 are.
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Etc analysis Tbh I wouldn’t even trade just buy and hold
However we just starting the bullrun and not to mention an eth etf is upon us
I’m bullish just expect pullbacks along the way if trading
Good luck
How many chances do you think Ethereum Classic will give you?
Target-1 (short term) = $ 45
Target-2 (medium term) = $ 95
Target-3 (long term) ----> 1 ETC = 1 BNB
You know what I'm saying is true, I know you know!
Appendix:
1- BNB (2021-2022)
2- Ethereum Classic (ETC) is not a security under existing United States laws
ETC Price Analysis: Aiming for $40 Amid Market OptimismKey Analysis Points
Current Market Scenario: ETC price experiences a bullish turnaround following the Bitcoin ETF approval, boosting the altcoin market.
Recent Performance: ETC price has surged by 46% this week, breaching the $25 level.
Technical Outlook: Fibonacci levels in the weekly chart suggest that ETC could target the $40 mark.
Market Dynamics: The broader market uptrend, particularly in altcoins, is fueled by the SEC's approval of the Bitcoin Spot ETF.
Chart Analysis: ETC's break from a year-long consolidation and a bullish breakout above $23 signal a significant trend reversal.
Volume Surge: A 250% increase in 24-hour trading volume underpins the current price rally.
Price Movement: Currently trading around $28.43, ETC is forming a bullish engulfing pattern in the daily chart.
Technical Indicators: Daily MACD shows a bullish crossover, and EMA trends hint at a potential golden crossover, reinforcing bullish sentiment.
Upside Potential: ETC's momentum could carry it beyond multiple resistance levels, aiming for $40.
Downside Risk: If ETC loses steam, a retest of the $25 support level could be imminent.
ETCUSDI see something like this,
Not financial Advice.. Do your own research trade at your own risk,
ETC Bullish breakout ETC has broken above a key resistance zone and is currently holding it as support.
It created at and eve bottom at a major support along with double bullish divergence on both indicators.
We deem ETC as a great opportunity in the altcoin space that we believe is in great shape for a bullish run in the near future.
Should ETC Break 23 dollars we see the next target as a massive 45 dollar target.
Weekly shown below to showcase key levels and targets
ETCUSD - 1:1 R2R But Likely to Turn ProfitThis is just a 1:1 R2R setup, however I believe this setup has greater likelihood of turning profit before getting stopped out.
ETC BULL MARKET GETTING STARTEDETC is breaking the previous downtrend line and it has reversed from the golden pocket of previous bull market.
ETCETC is looking bullish for long term (W frame )
i just need to finish B correction to accumulate in the box below ( demand area )
peace :)
this is not a financial advice just my expectations based on my knowledge of analysis
siiiiiiiip Ahhh classicChart looks good. I have a feeling it wants to reclaim that black line and turn it into support.
If it fails and I'm stopped, we'll wait and see what King Bitcoin wants to do before re-entering.
Ethereum classic is the real Ethereum.
ETC price levelsETC is performing really well at different price levels. However, buying now is a very bad idea. The $19 level is a good spot; there's a high chance it will dip to that point again. Comparing it to Bitcoin, Bitcoin has already doubled in value, but ETC hasn't, just like many other altcoins. During Bitcoin’s correction phase, there will be great opportunities to buy as many altcoins are likely to retest their lows.
Looking at the monthly charts, it still looks bearish. On the weekly chart, we're seeing the start of an upward momentum. Daily charts show heavy overhead selling pressure; a pullback is likely soon. It's more important to monitor Bitcoin and see how it recovers. If there's strong buying around $40k for Bitcoin, then it would be safe to go ahead and buy altcoins.
For ETC, prices at $15 or lower are really attractive entry points for purchasing.
ETC Price Explodes With $20 Break, Eyes $30!Strong Bullish Trend and Range Breakout: Ethereum Classic (ETC) displays a robust bullish trend, culminating in a range breakout.
Breakout Rally Towards $25: The ETC price shows signs of a strong breakout rally with a target of reaching $25.
Potential to Reach $30: If ETC sustains its current momentum, it can potentially ascend to the $30 mark.
Bullish Comeback in December: ETC makes a bullish comeback, contributing to its 38% year-to-date growth.
Influence of Bitcoin and Ethereum's Rise: The rise in Bitcoin and Ethereum's prices positively affects Ethereum Classic's market trend.
Rounding Bottom Pattern in Daily Chart: The recovery rally follows a rounding bottom pattern, indicating trend continuation.
Increase in Trading Volume: A significant rise in trading volume suggests increasing demand for ETC.
Crossing Long-term Barrier at $20: ETC crosses a crucial long-term barrier at $20, signaling a bullish breakout.
16.26% Jump in Seven Days: ETC experiences a notable 16.26% increase in the past week.
Current Trading Price: ETC is trading at $21.52, up by 5.87% intraday.
Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a golden crossover in EMAs suggests a trend reversal.
Risk of Decline to $17: A failure to maintain momentum could lead to a retest of the $17 level.
ETHEREUM CLASSIC BREAKOUT #ETC to $40Some push on few majors
ETC possible break out and post push to $40
