ETCUSDPrice completed the bullish Gartley pattern. Price also closed above the alligator indicator which indicates bullish momentum. You can take profit from point A or C.
ETCLTC_87F5F9.USD trade ideas
The way down for ETCetc. 100% has peaked
No matter how you adjust here
Eventually it must go down
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ETC broke down againThe trend of etc is in line with my previous judgment
This time it will fall to the starting point
The daily structure breaks again
Expected to dip again
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ETC incoming uptrendETC is forming an inverse head and shoulders pattern on the weekly chart and might be ready for a longer term uptrend.
Also staying above the important golden fib zone and can be found so many bullish divergence on the smaller time frames
ETC overvaluedHello, Ethereum classic for some reason i dont understand went up 300% in the recent weeks.
The merge of ethereum means that ETC will no longer receive "free upgrades" from the normal Ethereum because the code is no longer the same as ETC keeps proof of work while ETH is going proof of stake.
The market thinks this is bullish for ETC, i think its bearish and the price increase is unjustified.
Im 1x short on ETC to 10$ (i fear a retest of 44$ thats why im only using 1x leverage, i think its unlikely tho but wanna play it safe)
ETC seems to trade in a ascending wedge and we are near resistance.
Fundamentals and TA line up, thats why i think this is a good/safe trading setup.
DYOR and only invest what you can afford to loose in crypto (also shorts) as i think we are in a bubble.
Retest Unlikely For ETCUSDEnter short positions for ETCUSD. ETCUSD has been consolidating for awhile. Retest to the parallel channel is unlikely. So, look to enter short positions.
ETC - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ETC is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone .
Moreover, the zone 23.0 - 25.0 is a strong support and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
Since ETC is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETHW & ETC AWESOME FRACTAL! MIGHT WANNA LOAD UP ON ETHWI went back to when Ethereum Classic originally forked from Ethereum back in the day and wanted to see what the price action was like then to see if I could compare it to the new fork ETHW . What do you know the fractal looks eerily similar just on different time frames. Might be a good potential long here on ETHW . This is not trading or financial advice this is just my opinion. Thank you
ETC is about to plummet
etc. The daily line has been broken
double top pattern
Expected to fluctuate mainly
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Painted door
etc have peaked
Rebound to lighten up
Or go short on rallies
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etc coming down hard etc down about 6.5-7 percent since markets closed at 8pm compared to the rest of the market, it is clear there is a whale selling. could be a fakeout or possibly having a negative reaction to the merge. we could etc come down to test the $30 level, and possibly sub 30
still a lot of new info coming out every hour about etc/ eth merge negative and positive effects, but its clear a big group of people wanted eth to be proof of work based on the pump etc has had since june, but now that the eth is here, we will see very soon if etc will hold and stay relevant as we get further into proof of stake Ethereum
ETCUSD - Bullish Breakout ETCUSD has successfully broken its downtrend line and formed a nice bullflag above this line
This is a sign of an end to the bear market for the coin
The ETC daily chart has the opportunity to show a H&S bottomThere is a H&S bottom pattern on the ETC daily chart, the target price has been met, and the downtrend line has also been hit. It can be seen in the chart that ETC has appeared three high points near the trend line. If the price falls below 30.35 in the future, the H&S top pattern will be established, and the support range below is 24.47~26.16 and 20.83. After an effective support is formed near the range, and the price breaks through the trend line and 45.75, ETC will have a larger H&S bottom pattern (right picture).
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There is also a chance for ETC to break directly above the trendline and 45.75, which would result in a large H&S bottom pattern (right) similar to a small H&S bottom pattern (black box on the left).
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No matter which way ETC takes, it is more appropriate to wait for breaking through the resistance of the trend line and 45.75 before viewing ETC as bullish
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Ethereum Classicheres my ethereum classic chart for the rest of the night---im going to bed---for now---gonna leave he laptop running and continue with these charts that im posting now..... later
ETCUSD Channel Down or Bull Flag? See how to trade it!Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that followed broke above the Channel Down, however it is only marginally and have been so far contained with the 1.118 Fibonacci extension, which is within tolerance levels, just like the break below the Channel on the June 18 Low that was contained within the -0.118 Fib. In fact, see how perfectly each of the recent Lower Highs remains on the 1.118 Fib.
Since the mid July rally was so aggressive, the Channel Down that followed can be technically viewed as a Bull Flag pattern, preparing a longer-term bullish move. This gets even more significant as the 1D RSI rebounded on a Symmetrical Support level which during this 2021/22 Bear Cycle, always broke lower after but this time it provided a strong rise that broke above its Lower Highs. Furthermore, the 1D MACD just made a new Bullish Cross, the first one on such high values during this Bear Cycle. In addition, the price has already broken 4 times above the 1W MA50 (red trend-line), which on March 29 rejected the rally at that time. Last but not least, we have been trading on the strongest 1D Golden Cross (when the MA50 crosses above the MA200) since December 26 2020!
As a result, we could give the bull side a slight edge but only as long as the 1D MA50 (blue trend-line) and especially the 1D MA200 (orange trend-line) hold. In that case we can expect a Flag break-out and test of the 53.000 Resistance which was the previous Lower High of March 29. Above that level, we can confidently claim that the bullish trend has been restored on the long-term.
A break (candle close) below the 1D MA200 though, could kick-start a new downward sequence. In that case, a high probability target can be the 0.236 Fibonacci level, which as shown on the chart (circles) was hit on every major bearish leg within this Bear Cycle.
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ETCHello guys this is my trading idea about ETC thank you
IF you like my work please like and follow thanks
TURTLE TRADER 🐢
Ethereum Classic's faltering rallyLong term I am bullish on Bitcoin and Cryptocurrency.
Short term, I think we are likely to see a rapid sell off to around $16.6k.
When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued.
1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60.
2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46.
Best of look out there.
RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
ETCUSDHELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
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Bearish ETC
etc may be due to a wave of Ethereum 2.0
It's hard to beat this position
I suggest you bounce back to lighten up or go short
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ETC USDT LONG SWING | ETCUSDT | LONG @ 34 - 36.5 | TP @ 37, 37.5, 38, 38.5, 39 | SL @ 29 | PATTERN = BULLISH PENNANT | COINBASE |
Breakout can also be seen on lower time frames, as well as retest of 200 EMA/MA
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ETCUSDT COINBASE:ETCUSD BYBIT:ETCUSDT KUCOIN:ETCUSDT BINANCE:ETCUSDTPERP FTX:ETCPERP BINANCE:ETCPERP
ETC is setting up a weekly rally.The weekly chart is clear. We will see a big rally coming to ETC. Target could be anywhere from 85-135.
ETCHello guys this is my trading analysis about ETC thank you
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
