ETCUSD.P trade ideas
Ethereum Classic on its way downYou can see its creating lower highs which means a strong downtrend is in progress. Would expect to see this move faster to about 50-60~, which is an Ideal entry.
EtcDon’t be too fooled. Testing resistance at 117 4hr 20 ema. Upper sloping previous support of pattern fail at 124 see how it plays out. Confirmed hold flagging out support at 127 would be bullish. I’d stay wait and olay a consilidation breakout if it even could do that. Still looking for 80$ even thou my 105-90$ box area did maintain support so far. We will see thou
EtcExactly why I said safest entry is support confirmed above 135 area. Break down could land us at bottom of upper channel support at 82$
ETCUSD 4H Idea Idea 9 May 2021Continuation
Fundamentals: tulip-mania vibes
Technical analysis: speculate on behaviour
ETC $70-100+ Target UpdateHello traders, I made an idea before about ETC hitting $70 in the near short term. With alt season right around the corner, I believe that we might see the price action go past our 1.618 levels very quickly. So I figured I would post this just for some price targets to follow. as we make our way up! Follow the Fib levels on the left side :D
In this idea linked below at the time $70 was our target but I believe we will see levels of $100+ in the near short term.
1HR ETC $70+ Soon! Idea:
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💥ETCUSD - SHORT TO $90 THEN LONG TO $140Price is presently in a symmetrical triangle.
Price broke the supply zone downward. Therefore, I expect price to pull back to $118, short to $90, then long to $140.
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ETC just lost support on the .618 FibI'm sure all you new retail buyers still have some money to push this price up in the future, but my next targets for downside are the fib retracements. If the .382 doesn't hold we could see a deeper retracement. This idea will be invalid if volume picks up and we break and close above the .618 fib on the chart. This could happen but it looks as if a lot of new money is moving into ETH as of now.
The thing is, in such a fast run-up it is difficult to find any downside horizontal support/demand areas, so I'm looking to the classic fibonacci retracements, many traders use these to discover possible entries.
I think my last analysis was a bit harsh, but I am concerned about the retail traders buying this and not looking into the fundamentals of this offering. Additionally, Robinhood selling this it deceptive in my opinion. They could offer better coins with stronger fundamentals than ETC.
I had been a long term believer in Ether Classic until fall of 2020, I even used to mine it back in 2017-2018. I do think there is further upside but I am still worried about potential long term holders making exits, while new traders fall over each other to buy the top.
ETCUSD Retracing 🤞Looking good so far. RSI extremely oversold. Not so much yet on daily but this is a buy hopefully everyone gets volume going 🤞
ETF continuation longHigh risk areas after crazy pump last week but one could argue for Falling Wedge-like behavior on smaller timescales with breakout and backtest complete and possible Hidden Bullish Divergence developing on 4h. Target of the structure would be the top of the wedge for some impressive returns. Tight stop loss below 110 (recommended) or a bit more loose one below psychological 100, $155 target. Also ETH just pumped and this asset likes to run after Ethereum pumps.
Bullish on ETC - pennant patternRight now, ETC is going through a period of retraction. This is shown on Ichimoku with one through three-hour candles. When these candles are selected, you'll find that the price is in the cloud, and the tekan and kijun lines have crossed. This downward trend will be short-run as there is strong support at 108 USD. This support also happens to be forming one of my favorite patterns.
ETC is setting up a textbook bullish pennant before our eyes. This pattern is especially evident with four-hour candles (as shown). Stoch RSI is indicating that the asset is undervalued. Further, it is building upward momentum suggesting that purchases will increase. As we all know, an increase in purchases results in an increase in price.
In my opinion, it is a good time to get into ETC. Price is at the support band right now. I'm not sure that there will be many more opportunities to buy at this price again, prior to its pennant breakout.
ETC/USD Bullish Retrace at .382Hopefully we have a bullish retrace. Seems like all crypto had a little sell off.
GREAT BUY OPPORTUNITY IN MY EYES! That’s what I would do. I am not a financial advisor.
Possible move for ETC!!(UPDATE)The best purchase price is between $ 75 and $ 85. I expect a 200% increase from that level. I expect by the end of May to reach that 237$ lvl.Good luck !!
Massive Bull Flag on Ethereum ClassicHistory doesn't repeat but it sure does rhyme. If the pattern plays out as a bull flag the potential price target is $220. However, the $200 psychological barrier could present heavy resistance. Do your own research, I'm not a financial advisor. 🙃
ETCUSD TRIANGLE BREAKOUT, BULLISH CONTINUATION SIGNThe next target could be $200.
Let me know what do you think in the comments.
Please invest according to your own opinion.
