ETCUSD.P trade ideas
EtheriumIncase you haven't heard Etherium has had a new protocol added to it so it will be cheaper to make transactions on the chain and they will also reduce the amount of Etherium available each time a transaction it made, making it more like Bitcoin in a sense before Etherium was unlimited now it's not.
Sooo too the moon.
" Until EIP 1559 goes into effect after being approved Friday, the supply of Ether was theoretically infinite, leading to criticism that its underlying monetary policy was weak and inflationary."
ETCUSD W1: 40% correction MAXED OUT NOWSL/TP)(NEW)Why get subbed to me on Tradingview?
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ETCUSD W1: 40% correction MAXED OUT NOWSL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ETCUSD week/candle chart review
::: accumulation in progress now
::: long-term accumulation over 900 days
::: expect strong move off the lows
::: bullish sequence (not Elliott Wave )
::: chart looks strong
::: BUT right now CORRECTION MODE
::: massive rejection near range highs
::: expecting up to 40% correction
::: to re-test range lows now
::: no valid setup for the bulls here
::: mid-term pullback/correction
::: correction/pullback NOW
::: however chart looks strong
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: recommended strategy: SHORT RIPS/RALLIES
::: final TP +40% gains
::: no valid setup for the BULLS here
::: SWING TRADE: SHORT/HOLD IT
::: bull run not over yet
::: good luck traders!
::: SHORT/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment short-term: PULLBACK/CORRECTION NOW
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ETH Classic - ScribblesIdentifying trend lines from price history
Building from there
imo ETH classic is undervalued and should follow ETH a bit tighter
these are just my thoughts however so take them with a grain of salt
Bought 100 ETC @$12.00 Target @$101 Date May 2, 2022Ethereum Classic
Bought 100 ETC @$12.00 Target @$101 Date May 2, 2022 Long term
Bought 10 ETC @$10.90 Target @$30 Date Mar 12, 2021 Short Term
A decentralized computing platform that runs smart contracts:
applications that run exactly as programmed without downtime, censorship or third party
Project Website: ethereumclassic.org
ETChere's a potential set up I like I wanna see ETC break that 2017 horizontal resistance and head towards the top of the channel its been trading in
ETC/USDT 4h trade opportunityThis is not a financial advice
I am not a financial Advisor
Do your own Research
Trade at your own risk
I am not responsible for any loses
ETC is about to MOON after the small correction!!PERFECT MARKET STRUCTURE.. This is what WHALES and Traders look for. Resistance pushes price down three times (making it a STRONG resistance and support line!), then broke resistance! Waited for a confirmation, and we got it! Once Bitcoin Dominance goes down, big players will put money in cryptos with great market structure. ETC is getting ready to moon in the next month or two (after a small correction due to bearish RSI and Stoch RSI indicators..)!!
Reason on to invest in ETC
1. One of the most perfect market structures and had confirmation on the weekly!
2. Under 116 million circulating supply.. Think of Ethereum, the price its at now. Ethereum also has almost 116 million circulating supply. Yeah, I will just leave it at that. If you know, you know the potential ;)
4. Volume increasing!
If you missed out of some big moves (ETH, ADA, BNB, etc), DO NOT MISS OUT ON ETC!!
ETC USDT possible short term trade opportunityBreakout above trendline
Retest on previous Resistance
Risk Reward Ratio 1:2
This is not a financial advice
I am not a financial Advisor
Do your own Research
Trade at your own risk
ETCUSD, Buy on H1.ETCUSD, Buy on H1.
H1:
- Structure: Sideways
- Tendency: Upward
- Pattern: SHS pattern
- Break and closed above support- neckline
=> BUY
ETCUSD, Buy on H1.ETCUSD, Buy on H1.
H1:
- Structure: Sideways
- Tendency: Upward
- Pattern: SHS pattern
- Break and closed above support- neckline
=> BUY
short ifif price fails to get above the orange box do as the chart says
however if price breaks the orange box wait for a pullback and buy
short ifif price closes under the orange box sell this pair and take profits at the orange box on the bottom
if price closes above the orange box wait for a pullback and buy
short ifif price fails to get above the orange box sell this pair and take profits where it indicates on the chart
however if price breaks the orange box wait for a pullback and buy
ETC PredictionIf things don't reverse soon. This is what you can expect for the next couple of months.
