ETC before the correction!?ETC found strong resistance near $47.
I am expecting a correction here through $28.50 – 23.00.
If holds, that’s a good level for longs
ETCUSD.P trade ideas
ETCUSD ❕ trade in rangeETC is moving in a range and the price has recently reached the lower boundary.
Volatility has declined along with trading volumes.
TD Sequential has formed a reversal up signal (4H and 1H TFs)
Price has entered a bullish RSI zone (30m TFs)
I expect that the asset may continue to grow within the range if it breaks up the downward channel and fixes above it.
ETC play book training exerciseThis is more of a training exercise then actual reliable TA.
I have mapped out 3 different paths i personally believe ETC can take in the coming days.
Purple Most likely to Play out
Green 2nd Most Likely to Play out
Yellow Least Likely to Play out
I could also be dead wrong and we drop to the floor.
My goal here is to see if out of the three options any of them have a good success rate.
Then I will be able to learn which direction to take my TA.
Thanks for viewing!
etc ready for take off soonready for take off .. falling wedge almost finished hope adding right now and wait profits
ETCUSD Struggling to break the 1D MA200Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200 (orange trend-line), after the rejection on July 19. Technically, with the 1D RSI rejected above the overbought region, this is a sell signal towards at least the 1D MA50 (blue trend-line). Even a marginal break above the 0.618 will still be a sell signal. Make sure you always have the SL tight as the closer we get to the Lower Highs (top) trend-line of the Channel Down, the more likely a break-out becomes. The way it is now, a break above the top (around 41.00 now) signals a complete shift to bullish sentiment on the long-term.
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ETCUSD ❕ price is over liquidityETC is out of the liquidity zone and downward channel.
Volumes again began to show interest in price growth.
TD Sequential formed a reversal signal upwards (1H TF).
Price tested 100MA as support and 50 as resistance (1H TF)
BB indicator is overbought (30M TF)
I expect ETC to move near resistance level, but after fixing above it will continue to grow.
ETC $50 & $80 Targets in 2022ETC $50 & $80 Targets in 2022.
Take position after breakout and pullback.
ETC Take ProfitETC has been surging for several days
Potential for upside is low
It is recommended to take profit in batches on rallies
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Ethereum Classic Price Analysis — July 18Ethereum Classic has tapped the critical $23.00 line for the first time since June 6, following a consecutive six-day rally. ETC also breached the daily 100 EMA for the first time since March and stands the chance of prompting a momentum change if it closes the day’s candle above this line. Better still, ETC could put $30.00 back into focus if it manages a candle close above the $23.00 mark.
However, the price appears to be in overheated conditions (see stochastic indicator), warranting some cautions on bullish bets. Regardless, the cryptocurrency stands a real chance of sustaining the newly acquired bullish momentum. As mentioned earlier, the price rejuvenation comes after the confirmation of a possible launch date for the Ethereum Merge upgrade.
Meanwhile, my resistance levels are $23.00, $25.00, and $30,00, and my support levels are $20.00, $18.00, and $17.00.
Total Market Capitalization: $1.01 trillion
Ethereum Classic Market Capitalization: $3.06 billion
Ethereum Classic Dominance: 0.3%
Market Rank: #24
$ETC Ethereum Classic Bullish GartleyReal nice bullish gartley here on the 4hr/6hr with bullish divergence and 3 bullish japanese candle stick patterns between the 2 time frames (pin bar / engulfing 6hr, rising 3 methods on the 4hr)
ADX indicates that the bear trend is fading while volatility contracts.
Momentum slowing down a little bit but still bullish as we backtest the .236 for support, perhaps a checkback and continuation setting up.
Obviously its pertinent to keep BTC in mind and the larger macro as well, but its a real nice start here.
Your stop should be tight in these market conditions until we get further validation, in the case of the gartley, one would consider the pattern failed if we fell under (D) at this point considering the rest of the variables.
ETC can go lower than you can imagineAs we can see on the ETC chart, even levels formed without removing liquidity. Major stops and liquidity are below previous lows. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think that the growth was manipulative and we easily can see POI 1 and POI 2 IN THE CASE IF THE PRICE EXITS OUT OF THE UP CHANNEL.
short setup after broken trendlineshort setup after broken trendline
potential to backtest trendline first before more down.
if current support of 16,6 is breached in combo with price acceptance below this level the odds of downward trend are building.
ETHEREUM CLASSIC: IT WOULD BE NICEHi guys, i'm honest...i'm hoping for this.
I don't think market can pump in a few week like my green arrow, but in a few month maybe the situation could change.
Someone has Etc since last bullrun? Your plan?
ETC for the win and post-merge hash rateSuper bullish on ETC. The simple fact is that all of the mining hardware of ETH post "POS" needs to be relocated and ETC is likely the easiest home for all of that Hashrate. DCAing in this area for sure but don't take my word for it, This is not financial advice. The price action is now at a sliding parallel and looking for something interesting around the next reaction line. Loading the bags ...
ETCUSD (4H) - Bearish reversalHi Traders
ETCUSD (4H Timeframe)
Waiting for the downward break of 20.80 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 25.15 would cancel the bearish scenario.
Trade details
Entry: 20.80
Stop loss: 25.15
Take profit 1: 18.30
Take profit 2: 15.55
Score: 6
Strategy: Bearish reversal
ETCUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (21.87 ).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 76.
Take Profits:
TP1= @ 23.99
TP2= @ 25.18
TP3= @ 26.95
TP4= @ 28.23
TP5= @ 30.90
SL= Break below S2
ETC, is expected to head and shoulders top.The following content is machine translation:
In the 4-hour chart, the pattern structure is similar to the head and shoulders pattern, and the shoulders are currently forming, which is bearish.
The fast and slow line of the indicator macd runs above the zero axis, and the opening is distributed downward. The RSI indicator has dropped from the overbought area to the current neutral 50, and the trend is downward, and there is still room below.
In operation, the head-and-shoulders pattern cooperates with the macd indicator and the RSI indicator to weaken and bearish, and go short on rallies within the day.
ETC breaks through the descending channel
etc has broken through the descending channel
Bulls are strong
Expected to rebound
Short-term pullback can buy
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ETCUSD ❕ trade in rangeETC is down in the trading range.
Price has fixed under 50MA on 30m Timeframe and is testing 100MA.
I expect the continuation of the fall, if the price will fix under the support level.
ETC Analysis (for practice) The yellow lines here are the daily unchecked levels I identified. Price seems to be making its way down to check the 28.75 level, with some stops along the way (Stops being unchecked levels within the lower timeframes).
The tan lines indicate 4-hour unchecked levels, one of which the price has recently checked (tan dotted line).
If there aren't many institute buy orders here at the 4hr levels, we shall see the daily level get checked soon, imo.
* This is not financial advice*
