ETC still looks goodI like this chart on daily timescale. A lot of consolidation, bullish divergence maturing, volume dropping.
ETCUSD.P trade ideas
Ethereum Classic (ETC) - June 4Hello?
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(ETCUSD 1W Chart)
(1D chart)
It remains to be seen if the 69.480-91.012 can cross over.
If it falls from the 69.480 point, a short-term Stop Loss is required.
However, it may follow an uptrend line, so you need to trade cautiously.
If it falls in the range of 37.180-47.947, Stop Loss is required to preserve profit and loss.
You need to trade with caution as trading volume can drop sharply, which can lead to sharp volatility.
If it goes sideways in the 69.480-91.012 section, it is expected to lead to an uptrend.
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(ETCBTC 1W chart)
(1D chart)
It remains to be seen if the 0.0016415-0.0018253 zone can find support and move up.
If it falls from the 0.0016415 point, you need a short-term Stop Loss.
However, it may follow an uptrend line, so you need to trade cautiously.
The red color of OBV in the volume indicator is starting to show, indicating that selling is increasing.
However, since the trading volume has been greatly reduced, you need to be careful about fakes.
From May 18th, the CCI line in the CCI-RC indicator fell below the EMA line.
If the CCI line falls below the 100 point, volatility may occur, so trade cautiously.
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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)
ETC BREAKOUT LOADING, Is $93 NEXT OR $32 ? #BLESSEDPIPSBeen following this chart for weeks, support held well at $66 looking for price to head to the next pivot point on the fib at $93. We could see a rejection at $78 ? This will be interesting to see if the cryptos bull run will return in full stride.
Please comment and give feedback.
#BLESSEDPIPS
LONG ETCLong ETC
Target 190
This is dependent on BTC breaking up from the symmetrical triangle. If BTC breaks down, trade is off and blood happens
ETC READY FOR BLAST OFF!!! #BLESSEDPIPS After some good support at $66 ETC us ready for its next bull run. Put your seatbelts on ladies and gentlemen.
#BLESSEDPIPS
Bullish trend line ETC we can see the Market Slowly coming back after a big fall that happened in Mid End of May.
The H4 candlesticks have stepped 3 times on the lower trend line.
Now currently the 4th time on the lower Trend line.
Trade for a Long Target can be the Resistance line above.
Is ETCUSD ready for $100 Again??? #BLESSEDPIPS After a nice dump this weekend I think ETC is ready for another bull run during a holiday weekend for the USD. Held great support at the 0.618 Fib retracement would love to see what this does this week. Please comment and give feedback.
#BLESSEDPIPS
What I see
When bitcoin is Bullish, Ethereum Classic Is better than Ethereum!
see attached idea (bitcoin price prediction). Follow updates.
Ethereum Classic She will run!!!ETC a former star has broke a massive bull flag and consolidating at the current moment i believe this crypto is currently correcting in the fourth wave and getting ready to move on to the 5th wave , i think this thing can blow 270$ this thing will run hope to god!! i believe the most we will drop is around the 50 area then get ready for blast off, let me know what you guys think and if theirs any problem with my "analysis" this is my first post i'd very much appreciate and GME GOD OUT!!!!!
EtcSo although we had a very large fakeout of this originally assumed to be bull pennant. Now with further price action created we can see a large symetrical triangle. Descending reistance with ascending support. As we head lower here I’m looking and watching this lower support I have marked. As long as we bounce here around 71.840 level and don’t lose this support. This next rip could be the final breakout level. Def watch this 79-80$ level when or if we reach it. If We could get a confirmed breakout this move should be pretty large targeted move is still 118$ which would also line up with the .382 fib level. The .618 fib level is also reistance at 83.23 which will need to be maintained as née support as well
Eth Classic Maybe next cycle or late this cycle we will see a $222 or more Eth Classic based on the bullish impulse leg. But in the meantime, we have more bearish pressure to complete.
ETC update, 1h RSI Bullish Divergence2 days of consolidating sideways, 1h momo about to go positive for the first time since nearly 40 hours. Increasing accumulation, oscillators getting resetted, very real Bullish Divergence on 1h RSI, holding above previous peak unlike most other cryptos moving with Bitcoin right now that simply look worse. I like it and hope to see a huge move up again soon. This will play out if BTC breaks above 40-43k range. Staying cautiously optimistic.
going long on etcprevious had broken downtrend. now looks to be retesting the resistance. and were looking at a bull flag pattern
ETC still bullishSell wall and increasing accumulation, unlike other cryptos it didn't dip at all today. Once this sell wall breaks it can go up really quick and really high again.
