Can it really be this easy Will Ethereum classic color inside the lines? Isn’t really much more to this post than pointing out the long term pattern.
ETCUSD.P trade ideas
Ethereum classic bullish??Wave 5 incomming for ethereum classic to end wave 1 ? Then after abc correction (wave 2) a sick wave 3??? Forming some cup & handle then boom???
ETCUSDT Bullish Opportunity with XABCD Harmonic PatternOverview:
ETC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action nearing a crucial support zone. This confluence suggests a potential bullish reversal from point D, indicating favorable trading opportunities for market participants.
Key Technical Observations:
1. XABCD Harmonic Pattern: The chart analysis reveals the emergence of an XABCD harmonic pattern, characterized by distinct price swings that conform to Fibonacci ratios. This pattern indicates a potential reversal zone, with point D signaling a probable shift in market direction.
2. Key Support Area: Price action has approached a significant support area, enhancing the likelihood of a bullish rebound. The convergence of the harmonic pattern and the support zone strengthens the validity of the anticipated bullish move.
Trade Recommendations:
- Entry: Consider initiating a long position near 32.8150, aligning with the anticipated bullish reversal at point D of the harmonic pattern.
- Stop Loss: Implement a stop-loss order at approximately 31.1750 to mitigate potential losses in case of adverse price movements.
- Take Profit Targets:
1. TP-1: Set the first take-profit level at 34.5800 to secure profits as the price advances in the bullish direction.
2. TP-2: Aim for the second take-profit level at 36.1933 to capitalize on further upward momentum.
3. TP-3: Consider a third take-profit target at 37.8760 to maximize returns as the bullish trend potentially extends.
Risk Management:
Maintain prudent risk management practices by adhering to the specified stop-loss level and adjusting position sizes according to individual risk tolerance. Periodically reassess the market conditions to adapt trading strategies accordingly.
Conclusion:
In summary, the technical analysis of ETC/USDT suggests a favorable outlook for bullish opportunities, supported by the formation of an XABCD harmonic pattern and price action nearing a critical support area. Traders are advised to consider the provided trade setup, incorporating appropriate risk management measures to optimize potential returns while safeguarding against downside risks.
Ethereum Classic halvingETC: Ethereum Classic next halving(20% reduction) is forecasted to occur on or around May 31st 2024, block height 20,00,001. So far, the market structure that ETC has formed leading up to 5/31/24 does point to a potential high of 54 by then. ETC's 2 year high just so happens to be 54. BCH: Bitcoin Cash completed it's halving on 4/3/24, block height 840,000 hitting it's +2 year high. And everyone knows BTC: Bitcoin halving is coming up on 4/18/24, block height 840,000 and has already surpassed it's +2 year high making all time highs. Please comment and let me know what you think about the up coming Ethereum Classic halving catalyst?
ETCUSD new rally starting towards $50.Ethereum Classic (ETCUSD) has started to rise again, so far being on the 2nd straight green 1D candle, without breaking the key 1D MA100 (green trend-line), which has been supporting since essentially the October 23 2023 break-out.
As long as this holds and ETC keeps closing the 1D candles above the 1D MA100, we expect a new cyclical rally to start within the Fibonacci Channel Up. The last one was +83.17% from its Higher Low, so a repeat would give us $49.00 by May.
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Ethereum Classic Bullish ChartThe Ethereum Classic (ETC) chart indicates a bullish trend with the price rebounding from the lower trendline of an ascending channel. The analysis points to an ambitious target at the channel's upper trendline, coinciding with the Fibonacci 1.618 extension level of $880.11. Despite the seemingly high target, the confluence of these technical indicators supports this potential outcome.
More targets to shoot at
Hey guys and girls,
If you're not Long, you're wrong
Target 1 = $ 45
Target 2 = $ 95
Target 3 = $ 150
Appendix:
Pattern: Adam and Eve
RSI (weekly timeframe) = 70.95
Cryptolean Ethereum Classic ETC UpdateEthereum Classic recovered from the daily range zone between $26.49 and $29.43, which is positive.
A sustained price action above $29.43 or, even better, a daily candle closure above $31.02 will will result in a re-test of $32.91-$34.26 where the Ethereum Classic price action will be very important.
A rejection of $31.02, followed by a bearish break-out of $29.43 will push ETC price lower towards $26.49.
Cryptolean Ethereum Classic ETC Update For now, Ethereum Classic found a support at $29.43 and is re-testing $31 resistance.
A bullish break-out of $31 and a bullish candle closure above this level will result in a re-test of $32.91-$34.26 where the EthereumClassic price action will be very important.
A rejection of $31 followed by a bearish break-out of $29.43 will push #ETC price lower towards $26.49.
Intraday Chart
The ETCUSDT 4-Hour chart is bearish and lingering around $31.
A bearish rejection of $31 or $33.10 resistance will push ETC price towards the key intraday support zone at $26.76-$28.53, where I will be closely watching the price action.
A bullish break-out of $31 followed by a break-out of the key resistance at $33.10 will push price to re-test $37, however the price action may be slow and choppy .
Support once read!
Thank you.
Signs of change1-(Jun 10 2023) Ethereum Classic (ETC) is not a security under existing United States laws
2-(24 Nov 2023) Golden Cross
3- (17 Jan 2024) BTC Sees Its 1st weekly Golden Cross. lets take a deeper look:
Bitcoin (weekly)
Conclusion:
Mentally prepare yourself for bull markets (Ignore people who sell ETC now (they cannot predict what will happen!) you will see the result soon!)
Target-1 (short term) = $ 45
Target-2 (medium term) = $ 95
Target-3 (long term) ----> 1 ETC = 1 BNB
ETC Mar 3 UpdateOne of my favorite coins is in breakout mode!
Sharing this most recent chart from TTR. We are very long #ETC
And the long-term ETC chart update. I am looking for the C&H formation off $46-50 level.
The main targets are:
-
-
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First target box got hit! Beautiful thing!
ETC MEGA CHARTThis is not a financial advice!
This is my opinion on where I think ETC is headed in the current bull market.
What do think?
ETC Feb 28 - is in breakout modeAnother Gem sharing from the TTR
One of my favorite and under valued coin imo.
It still can be mined and I'm sure the mining equipment will sky rocket when this goes above $75
My targets are on the chart, those were posted long time ago as well as the long-term targets.
Very bullish weekly candle here, expect a strong continuation into 32.50+
The first maj target is $46-50
How long can ETC hold support?ETH has been wicking into the $13-15 range repeatedly. It's knocking on the door, and I feel like it's just a matter of time before that door opens, support is lost, and the price tanks.
I'm not entirely sure where the next level of support is however. I will keep an eye on this one and update as things materialize.
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.
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
Crypto Trading - Litecoin Imagine you're a trader strolling through a wholesale market, eyeing undervalued goods. Similarly, when diving into BINANCE:LINKUSDT Litecoin's price range of $20-$25, you're strategically positioning yourself for potential gains in the anticipated retail range of $129-$175.
On your TradingView charts, BINANCE:LINKUSDT Litecoin appears to be residing in a wholesale zone at $20.81. Think of this as the opportune moment to secure assets before they surge to their retail value. This could be your entry point for a strategic positional hold or investment.
BINANCE:LINKUSDT Litecoin is the masterpiece waiting to unfold. Engage with fellow traders below, share your insights, and let's collectively navigate the crypto seas. What's your take on this wholesale-to-retail strategy? Chart your thoughts in the comments and let the community thrive!
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
