eth classic ending diagonal wavebreakout in wave 5 of ending diagonal
target around 340
nfa
y axis only
ETCUSD.P trade ideas
ETC - Dead project or Resilient Hold ?Hi Traders, Investors and Speculators of Charts📈📉
The Ethereum Classic fork was a result of a disagreement within the Ethereum community over how to respond to a hack that had occurred on the network. The hack resulted in the theft of 3.6 million ETH. Some members of the community believed that the best way to respond to the hack was to hard fork the blockchain , which would erase the hack from history. Others argued that hard forking would set a dangerous precedent and would be a violation of the principle of immutability .
Those who opposed the hard fork eventually formed the Ethereum Classic community. They believe that the original Ethereum blockchain should be preserved, even with the hack in place. They argue that hard forking is a form of censorship and that it is important to maintain the integrity of the blockchain.
You can't really call that ETC is a dead project, reasons being:
1) It has a strong community of supporters and there is still active development on the project 2) ETC is listed on many major cryptocurrency exchanges
The market sentiment on ETC is mixed. Some people believe that ETC still has potential to become a major player in the cryptocurrency space, while others have shifted focus towards other, newer altcoins. The future of ETC is uncertain, but it's still unreasonable to call it "dead", at least for the time being.
FOUR main things I'd consider with ETC:
📢1) Old bag holders may want to look for the first opportunity to get out, creating strong resistance zones
📢2) At the end of the day, it's a coin that can be traded and most probably will be traded by whales though this kind of behavior is usually very untimely and unpredictable (we observe a similar situation on XRP)
📢3) ETC has a history of security vulnerabilities
📢4) ETC has a limited supply of 210.7 million coins
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COINBASE:ETCUSD BINANCE:ETCUSDT
BULL ready 4 WAR with GRIZZLY EQL, bearish OB’s, usually trend always comes to a stop at the order blocks and that would depend but will come after a tiny dip for either a second or 3rd round until the break through. Good news, there is a bullish divergence on its way. Will meet at the top bullish gap. After the gap there’s a break through and I won’t say where because I take this on a day by day. Don’t want ya to have hopes then comes another fall.
Value can’t go any lower than bullish OB’s. Will form liquidity soon after a spike, if so, will downtrend to sweep liquidity then will move back up.
ENTRY at $29.29
FYI: incase there’s a NYSE downtrend, ADR declines then crypto losses value but will regain. if you enter don’t sell for a loss:
ETCUSD $23.27 maximum targetPattern failed at my previous analysis at ETC, but its not bearish yet.
we can see a strong diagonal support keep climbing and create another higher low.
if this diagonal support broken, we still have fibonacci support at $19.49 with target at :
Fibonacci 1.272 at $22.48
Fibonacci 1.414 at $22.83
and Fibonacci 1.618 at $23.27 as maximum target
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETCUSD to reach bullish target
Click here to check my other analysis
ETCUSD fibonacci supportETCkeep climbing with bullish trendline, and found fibonacci support at $19.34
If trendline not broken, target at $23.394
Don't forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support ETCUSD to reach bullish target
Click here to check my other analysis
Will ETC Price Manage To Drive To $30?Bullish Trend Emergence: ETC shows a strong bullish trend, ending the 2023 downtrend.
Significant Milestone: ETC price crosses the crucial $20 mark.
Golden Crossover Indication: Key EMAs hint at a potential golden crossover.
Next Targets: ETC aims for $25, with potential to hit $30.
BlackRock's Ethereum ETF News: A major catalyst for the recent surge.
Technical Indicators: MACD suggests a bullish gap; EMAs support a golden crossover.
Trading Volume Spike: A significant increase in trading volume backs the bullish trend.
Price Action: ETC forms a bullish marubozu candlestick, indicating strong buyer control.
Market Sentiment: Overall positive market conditions boost altcoin demand.
Bearish Scenario: A fall below $20 could see ETC drop to $17.
Long-Term Outlook: ETC price predictions remain optimistic for the coming months.
Influence of Ethereum ETF: Blackrock's move is a key driver for ETC's price action.
ETCUSDT#ETCUSDT
One of the currencies that has reached a valuable price is the #etcusdt currency....
After several years of price correction and time correction, it has reached an attractive area for buying and investing.
What basic technical science says is that we should wait for price growth from these areas.
The desired target is the ceiling of the price channel.
In my opinion, futures trading does not seem logical. Be more active in the spot market.
Will ETC Price Bounce To the $20 Mark?Market Context: Ethereum Classic (ETC) is showing a strong bullish trend, aiming for a range breakout.
Current Status: ETC is trading at $17.32, with an intraday fall of 0.86%.
Resistance Level: The key resistance level is at the $20 mark.
Technical Indicators - EMA: A declining gap between the 50-day and 200-day EMA suggests a potential golden crossover.
Technical Indicators - MACD: MACD and signal lines are rising, indicating bullish momentum.
Recent Performance: ETC has made a strong comeback from the $14.75 support level.
Potential Targets: If ETC breaks the resistance, it could aim for $20, a 20% price jump.
Downside Risk: A failure to sustain momentum could lead to a retest of the $15 level.
Market Sentiment: Overall sentiment is bullish, hinting at a positive end for 2023.
Long-Term Trend: ETC aims to continue its bullish trend in the coming months.
Market Catalysts: A bullish breakout could significantly increase the chances of reaching the $20 mark.
Long-Term Outlook: ETC price predictions remain optimistic for the foreseeable future.
EtcUsd potential inverted h&S formingIt seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow:
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper trendline.
The second potential medium-term target would then be around 50$, where the next major resistance would lie and where the inv. h&S pattern would be confirmed if there where to be a breakout above that price-zone, thus confirming a bottoming and a reversal in the market, signaling a new bull.
ETC - please follow the channelWill ETC follow the channel? Is it an ABCDE triangle? Hoping for this to obey and take us to $800. yes I would sell on an 80x, us alt hodlers deserve it after three years of waiting!
Will ETC Crash Under $14.75?Pullback Phase: ETC is in a pullback phase, retesting the broken trendline.
Support Level: The crucial support level is at $14.75.
Potential Crash: A drop below $14.75 could send ETC plummeting to $13.50.
Descending Triangle: ETC forms a descending triangle pattern with a 30% drop from July to September 2023.
Current Price: ETC is trading at $15.49 with an intraday gain of 0.32%.
Bullish Reversal: A recent bullish reversal broke above the resistance trendline and the 50-day EMA.
Failed Momentum: Despite the bullish reversal, the momentum couldn't be sustained.
EMA Indicators: Both the 50 and 200-day EMAs are in a declining trend.
DMI Indicators: The ADX line shows a negative slope, indicating a lack of trend momentum.
Bearish Crossover: DI lines indicate a bearish crossover during the retest phase.
Bullish Scenario: A breakout above $17 could lead ETC to the $20 mark.
Bearish Scenario: Failure to hold $14.75 could send ETC down to $12.65.
Is $19 the Next Target For ETC Price?ETC has shown resilience, rebounding from $14.75.
Aiming to breach a short-term resistance trendline.
A potential target of $19 is in sight with the current breakout.
ETC has shed roughly 25% of its value recently.
A prolonged bearish trend is evident for Ethereum.
Buying sentiment for ETC is strong around the $14.75 range.
The current ETC price stands at $15.63, with a slight dip.
Bitcoin's recent surge has had a positive influence on ETC.
Both RSI and MACD indicators point towards a bullish trend.
ETC could aim for the $19 mark or retest the $12.65 support, depending on the momentum.
ETCUSD (Daily) - Bullish reversalHi Traders
ETCUSD (Daily Timeframe)
Waiting for the upward break of 17.20 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 14.42 would cancel the bullish scenario.
Trade details
Entry: 17.20
Stop loss: 14.42
Take profit 1: 18.90
Take profit 2: 21.67
Score: 4
Strategy: Bullish reversal
Will ETC Price Sustain Above $14.75?ETC showcases potential for a bounceback from its $14.75 support to challenge the secondary resistance trendline.
A successful breakout might propel ETC to target the resistance at $19.
Dropping below the $14.75 support will likely drag ETC down to $12.44.
ETC has experienced a significant decline, losing around 25% of its value recently.
This decline is in sync with the broader Ethereum downtrend.
A strong resistance trendline has emerged due to this primary downtrend.
The $14.75 level has been a solid support, aiding in multiple rebound attempts.
ETC is potentially forming a double-bottom reversal pattern.
Currently, ETC is trading at $15.53, a slight intraday dip of 0.26%.
An uptick in Bitcoin's performance has injected some optimism into ETC's outlook.
Technical indicators, including the RSI and MACD, reveal bullish divergences.
Breaking past the secondary resistance can result in a 22% upward move.
A drop below $14.75 can lead to a 13% downward adjustment.
ETCUSD - Sideways MarketThe pair ETCUSD is currently in a sideways market. The potential supports and resistances have been defined. It has the tendency to go bearish or bullish. For both cases, the entry points, stop losses, and profit levels are defined. Let's see the market goes which side now!
Will ETC Price Give A Breakout?ETC price bounces back from a strong support at $14.50.
A potential breakout could push ETC towards the resistance near $19.
Grayscale's legal win fuels a 6.23% price surge, reaching $16.96.
Secondary resistance trendline remains a challenge, causing a 5.09% price drop.
Bullish indicators: MACD shows a positive crossover & RSI rises above the midpoint.
Current ETC price: $16.05, with a slight intraday growth of 0.19%.
Downside risk: If ETC drops below $14.50, it could plummet to $12.65
Ethereum Classic On a Way to New Higher High! { 16/07/2023}Educational Analysis says ETCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because ETC fair value gaps are unfilled in a 1-hour time frame.
through Fibonacci retracement, I am targeting up to 1.610 ratios.
The black line is the fair value gap line
The blue line is high and low of the current price.
So one trade is already on with RR is 1:22.52
And another will be RR 1:8.86
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Happy Trading, Fxdollars.
Finally time for ETC?I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
COINBASE:ETCUSD has been moving in a downtrend under the blue trendline since August 2021. Once it breaks that trendline (which it looks like could happen in a matter of days/weeks), it should make a huge move higher.
First target would be $67.9 and if it can flip that level, the next level would be in the $90s. 3x-5x move with limited downside here.
I'd set a stop under HKEX:20 if you were to take the trade.
✴️ Ethereum Classic Is Going To $35, Which Means...It is the same pattern we are seeing all across and I'll tell you what it means in a minute.
Ethereum Classic (ETCUSD) hit a low 10-June and this month a higher low, now it is preparing for a very strong bullish wave.
Ethereum Classic is set to hit $21 and then $35 and much higher of course but on the long-term.
✔️ We know that thousands of Altcoins move in group.
✔️ Thousands of Altcoins move together with Ethereum Classic.
This means that if Ethereum Classic does breakout and goes up, the rest will also do the same.
Here we have early recovery signals already showing and other Altcoins with the same pattern already went ahead.
Higher lows lead to higher highs.
I shared this one with leverage...
Namaste.
One last wave of decline?It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
Will This Launch Help ETC Price Exceed $20?
ETC coin price has been on a downward trend within a falling channel over the past week.
Rejected at resistance trendline, leading to a 5% drop in the last five days.
Prolonged selling spree is possible if it breaks below the channel pattern.
Struggling to find support at the 50% Fibonacci level at $17.83.
Bullish flag pattern and double bottom formation at $17.83 increase reversal chances.
RSI and MACD indicators don't support reversal theory, showing bearish signals.
Possibility of morning star pattern formation, leading to a potential bull cycle to $18.75.
An optimistic breakout rally could pump ETC prices by 15% to challenge the $20 overhead supply.
On the flip side, a fall below the 50% Fibonacci level will plunge ETC prices to $17.
