ETC Best ScenarioTake position after breakout and closing candle.
It's just for education.
I will be happy to use your comments.
ETCUSD.P trade ideas
ETCETC is in a falling wedge which is a bullish pattern. If it can break above the 36 level resistance then it will most likely head to 41 and potentially 44 level. The trend is still bearish on the daily. So any run up will only be a lower high. I'm long on short term.
Expetation on etc when btc hits 100kWith the drop i added up where etc should get around 90 too 100 when btc hits 100k can be completely different but my assumption
Ethereum Classic Invalidates its 1-2 Setup: Warning Shot?Ethereum Classic ( ETCUSD ) spiked down HARD along with the rest of the crypto universe between 12/3 and 12/4! The whole sector crashed so hard, in fact, that many technical supports were broken with ETC being no exception. Breaking below the 32-38 range means that ETC has pulled back LOWER than the origin-point of what we were calling the Subwave (i), so the purple primary impulsive path has been invalidated. We have more or less confirmed that the bearish red alt pattern is in effect.
More specifically, I have added the new GREEN pattern which interprets the correction from May 2021 to present-day as an Elliott Wave "double-zigzag", an uncommon but not rare formation. Double-zigzags (or double-threes) are 3-wave corrective patterns in which each subwave is ALSO a 3-wave corrective pattern. In the case of ETC, we have all zigzags for subwaves within the larger green double-zigzag pattern. In order to prevent confusion, we use W-X-Y nomenclature to describe the subwaves of a double-zigzag in Elliott Wave Theory.
While this invalidates our immediate upside setup that would've gotten us into the subwave (iii), it does also mean that we cannot project a top at this moment due to the lack of a clear (i)-(ii). And that may be a good thing because what we were calling ETC's subwave (i) was PATHETIC! This gives ETC and many other cryptos a mulligan to get us a better subwave (i). Relying solely on the big picture pattern we have at this moment, I would roughly expect any rally to take us to the 0.382-0.618 extensions of the larger structure from March 2020 - May 2021, which would fall between 131 and 337, but these are very crude estimates.
Other cryptos that have also invalidated their (i)-(ii) setups just like ETC are BCH, FIL and EOS . All of these cryptos were underperforming similarly with unimpressive subwave (i) extensions, and now they all have a blank slate to redeem themselves.
While there is a bit of 'doom and gloom' in these aforementioned cryptos, BTC , ETH, DOT, XLM and MATIC all have their upside setups still intact despite the big selloff. BTC barely hangs onto its nested 1-2,i-ii setup by a thread, but ETH pulled back almost perfectly. This means that our overall big picture targets for subwaves (iii) and (v) are still valid for these cryptos. Ethereum MUST continue to hold its 3307 major support while Bitcoin MUST hold its 39,600 major support. Failure of these two main cryptos to hold their majors supports would be a HUGE warning for the entire crypto space!
Finally, we have LTC, DASH, SOL and LINK. These cryptos invalidated their NESTED 1-2,i-ii setups but not their overall (i)-(ii) setups. What this means is that we can interpret their rallies from summer 2021 until this week as A-B-C 'corrective' rallies, which is indicative of these cryptos potentially continuing their overall structures in the form of 'ending diagonals'. Diagonals subdivide into 5-wave structures but are choppy with lots of overlap, and their subwaves take the form of 3-wave A-B-C structures.
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#ethereumclassic #ethereum #bitcoin #cryptocurrency #ethereummining
ETC on Q1 2022Good chance to buy @37
TP 1 @ 92$ (0.5)
TP 2 @ 105 $ (0.618)
TP3 @ 215 $ (1.618)
SL @ 27.5 $
What do you think?
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no financial advice!
ETC will follow ETH for july 2022The king and Prince will blow up the scene heading into next year. Retail will Soon FOMO all the way in
ETC/USD LONG SET UP(HODL)ETC/USD LONG SET UP
Bulls want to see further consolidation and then for big bullish volume to come in and drive Ethereum Classic up above the $65.33 level for confirmation the uptrend is still intact. The crypto has resistance above at $60.89 and $65.10.
Bears want to see big bearish volume come in and drop Ethereum Classic down below the $55.74 level, which could put the crypto in danger of losing the uptrend. Ethereum Classic has support below the level at $50.55 and $44.66.
SUPPORT- $39.00, $31.00/ $25.50
RESISTANCE- $50.50/ $63.00/ $75.50/$83.00/$100.00/$110.00/$117.00/$125.00/$150.00
ETC Going Down More prob 27-25ETC is finally showing some great moves in the past 2 weeks If it keeps up we can easily see 200 in the future but my estimate on the bull run should see around 110 once btc gets too 100k
Decent sell off Glad too see everything moving a bit nowETC Dropped too 37 so far looking promising for a launch look out for a bounce soon good luck bulls lets get them all time highs
ETC price target and top indicatorIn 2017 $ETC topped out at the 2.272 level. Following 2017 we would top out at $362 and it would be confirmed when the RSI makes a lower high on the weekly
ETC is weak but there's at least last final breath to be done...ETC looks very weak after its pump and to me there's noting to expect, however there's a good chance to visit $55 - $59 at least before squeezing down the support line.
I expect it to go below current support, and on its retest, complete 'W' pattern with massive fall down to $13.
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (51.53).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 53.87
TP2= @ 56.07
TP3= @ 58.28
TP4= @ 61.07
TP5= @ 65.30
SL= Break below S2
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💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (51.53).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 53.87
TP2= @ 56.07
TP3= @ 58.28
TP4= @ 61.07
TP5= @ 65.30
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EtcusdtEthereum Classic (ETC) is a decentralised, blockchain-based, open-source computing platform, as well as a cryptocurrency. It allows developers to build and deploy smart contracts—autonomous, self-executing code blocks that trigger certain actions based on predefined conditions.
ETC best Bullish scenario I think ETC copy XRP ove 2017-2018. if this right maybe we can see 4X to ETC coin. nothing is right until the big move start
ETCUSD Further Analysis
When looking at this chart above, a comparison can be made between the two charts, the first bullflag observed is the cross through 2.618
The second bullflag will be the cross through 3.618
Bullish continuation is most likely
Good buy based on TA
ETC broken out falling wedgeIt appears ETC has broken the falling wedging confirm another higher lows.
Something Like This...As title says, Many have probably written ETC off...well too bad algos don't care about your opinion, Code is Law.
ETCUSD A Beautiful ComparisonThe bullflag's are evident
Just as the first one pumped the price up heaps
The second is looking to do the same
Great buy based on this TA
