Wave 3 coming
Now BTC is in range (see attached idea).
The Breakout of the Bullish Flag Pattern is shown in the chart. ETC is Bullish.
I think last week's retracement is related to wave-2 (Elliott Wave), as a result, Wave 3 coming.
ETCUSD.P trade ideas
ETCUSD H4Price has made a new higher low retesting a strong area of support below & a bullish engulfing off support occured. I am anticipating price to make its way higher now as the right shoulder of the inverse head on shoulders pattern has formed as well at the zone of interest.
ETC-USD about to take off!Looks like soon we'll see ETC-USD for at least 75$. May be even 75$, who knows...
ETC LOOKING NICE FOR A LONG SOON, FIGERS CROSSEDWith the ETH upgrade approaching this could be a great long to get in on
ETC PRICE TARGET OF $138. BULL RUN IMMINENT Broken downtrend. awaiting for upward catapulation above $61.98 towards $100.
Ethereum Classic has a lot of firepower left| Long term viewIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, ETCUSD is on a steady rise. It is currently leading the rise among most other Altcoins. ETH had a good rally the past two days and has now cooled off. However, its not so distant cousin ETCUSD, or Ethereum Classic, seems to be going steady at the moment.
Market in the last 24hrs
ETC can be seen to be entering a consolidation. Such a consolidation is quite expected after such a fantastic rally over the past four days.
Today’s Trend analysis
We are likely to witness some selloff going forward in the short term. As the buying frenzy subsides, ETCUSD will reach a lower price point than current levels.
However, on a longer term horizon, the potential to go much higher above current levels exist.
Price volatility remained high at approximately 13.64%, with the day's range between $62.84 — $55.296.
Price at the time of publishing: $58.64
ETC's market cap: $6.83 Billion
Out of 11 Oscillator indicators, 5 are neutral,1 is bullish, and 5 are bearish .
Out of 15 Moving average indicators, 13 are bullish, 1 is bearish and 1 is neutral .
Indicator summary is giving a 'BUY' signal on ETCUSD .
Volumes have remained high in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Keep supporting:)
-Mudrex
Etherereum Classic Price Prediction:ETC-Major bullish breakoutThe Ethereum Classic price has exploded higher by almost 50% in 24 hours. As a result, ETC's technicals have swung from bearish to positively delightful.
Not only has, a double-bottom formed, the 50, 100, and 200-day moving averages have been left for dust.
Furthermore, the impulse move higher has cleared the resistance of a strong downtrend. Additionally the Ethereum classic price has regained it long-term uptrend.
As long as ETC sustains the $53.40 level, it should easily achieve 45% from here.
TP target: $84.00
SL: tight, and below $53.40 on a daly close basis
ETC Breakout Hardfork News plus this long term breakout pushed ETC 30%
I took 50% at the red line and now its pumping as i type this what is even happening right now
ETC looking strong 27% increase for ETC Compared too the 4 % increase of BTC. Its looking good for ETC too hit new all time highs
Slow marketsHello Traders
On the H4 chart we can see more Consolidation within the Support and Resistance.
Im expecting a bullish breakout above resistance soon.
Stay with the market, lets see what happens
Ethereum Classic (ETC) - June 29Hello?
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(ETCUSD 1W Chart)
If the price holds above the 36.305-47.296 range, it is expected to create a new wave.
(1D chart)
We need to see if we can find support at the 37.180-47.947 area and break out of the downtrend line.
If the price is maintained in the 47.947-69.480 range, it is expected to turn into an uptrend.
If it moves down from the 37.180 point, you should touch the 25.179 point and watch it move up along the uptrend line.
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(ETCBTC 1W chart)
If the price holds above the 0.00097-0.0013736 range, it is expected that the uptrend will continue.
(1D chart)
We will have to wait and see if we can move above the 0.0012739 point.
In particular, we need to see if we can break out of the downtrend line.
If the price holds in the range of 0.0012739-0.0016415, it is expected to turn into an uptrend.
If it goes down, you should see support at the 0.00097 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
💥ETCUSD- BREAKOUT & PUMP TO $100, $120Right here is Etherum classic in a tight zone making effort to breakout of the descending triangle.
Before the breakout, price may sell to the support trendline at $32 before pumping.
Once it breaks out the trendline, I expect a long setup to $100, $120 and more.
What do you think?
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We Are In Phase C of the Wyckoff Accumulation PatternHi Everyone,
I have applied the Wyckoff Accumulation Pattern to ETC.
I previously posted a Wyckoff analysis on the Total Crypto Market, and it clearly shows we are in Phase C of the pattern.
For ETC, I argue we are also in Phase C; however, sellers have been more aggressive in ETC, than the overall crypto market.
I suspect we have gone through most of the selling, and as volume picks up we will see more buyers and an eventually push into $62-$72 by the end of July.
We still have to breakthrough the 50 and 100 MA on the 4hr before we are truly heading to $62, but once broken, there should be nothing stopping it.
If ETC fails when exiting the upper end of the support, then I suspect we will be heading much lower into the $20 range.
