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ETCUSD trade ideas

Ethereum Classic breaks out of falling wedge that started in NovEthereum Classic broke up bullishly from a falling wedge that started back in November and and a general downtrend since hitting it’s all time high last May at $185. Besides the falling wedge, with a target ironically at $55 (one of the points of most resistance this past year), there is a cup and handle forming that is close to breaking out with a shorter term target right near the 2017 and original 2021 ATH of $44.... Either way this is not a coin to count out once it gets bullish unless BTC dumps. This post is focused on Tecnical Analysis of ETC, I will soon post a detailed fundamental analysis pointing out why the sudden bullish break, exceeding most other altcoin gains and those of BTC+ ETH over the past week. To sum up the fundamentals though, there is a lot of 3rd party development happening that includes ERC-21 standard NFT’s minted on ETC (for super cheap gas fees), a new DEX (HebeSwap) that brought the community from Hebe token to ETC, HebeSwap has an iOS and Android app featuring a multichain wallet, play to earn game, bridges to every major blockchain, Defi/ yield farming for ETC and other coins, and much more. It’s an all in one tool that will grow in useage exponentially once translations are finished for the daily news and the play to earn games. The rest of the app is in English already, and is available in Apple’s App Store right now. Daily transactions have been outpacing Dogecoin, Bitcoin Cash and at peaks Litecoin as well over the past 3-6 months, and it’s still growing. Hash rate is near all time highs showing the network is more secure and faster than ever, and there is a record number of active ETC wallets. Basically the idea that ETC is a dead project or unused network is verifiably false, as now it is one of the fastest growing chains for new development, and the chain itself has a major upgrade coming soon. #Bullish #Long
COINBASE:ETCUSDLong
by BrianVS
1
Ethereum Classic (ETC) - January 15Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ETCUSD 1W Chart) Above the 16.722 point: the uptrend expected to continue Above 36.305 point: Expected to create a new wave. A stop loss is needed to preserve the profit and loss as it declines from the 36.305 point. However, if it does not fall below the downtrend line, it is expected to rise, so trade cautiously. At this point, it needs to rise at least 42.1 points to turn into an uptrend. However, to accelerate the uptrend, you need to break out of the downtrend line. ------------------------------------- (ETCBTC 1W chart) Above 0.000970-0.001374 section: expected to continue upward trend Above 0.001816-0.002334 section: Expected to create a new wave. Since it fell from the 0.000970 point, it is entering the mid- to long-term investment area. Therefore, it is important to keep the price above the 0.000629 point. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the 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 be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** 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.) ** 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. (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.) ---------------------------------
KRAKEN:ETCUSD
by readCrypto
ETC - Long-Term and Short-Term Plan!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETC is approaching a strong support zone 25-30 in green so we will be looking for buy setups. Long-Term: right on DAILY, ETC is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Since ETC is sitting around the lower blue trendline and support, we will also be looking for buy setups on lower timeframes. Short-Term: left on H4, ETC is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ETCUSDLong
by TheSignalyst
28
Will ETC Coin Price Rise To New High?The weekly technical chart of the ETC coin price has been seeing a consolidated move. Ethereum classic price on the daily chart is looking to jump beyond $50. The upside momentum of ETC may see a setback near $45. In contrast, the bounceback zone of the coin can be found around $30. On coming to the daily chart the coin has been fluctuating near its 20 DMA. If the asset price sees a momentum to a new high then a new high to a new high can be seen. ETC/BTC pair can also see move to a new high in the future.
COINBASE:ETCUSD
by tcr_thecoinrepublic
ETC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ETC is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: ETC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETC would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ETCUSDLong
by TheSignalyst
33
ETC - Hidden Bullish Divergence on the 2week chart!Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!! People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming! You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying. instead buy the fear when everyone else is selling Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions! Facts: 1. Price and Oscillator (RSI) are creating a "Hidden Bullish Divergence"! 2. RSI - Highly oversold on the 2week. Also creating a hidden bullish divergence compared to price! 3. Stochastic RSI - Awaiting bullish cross and above the 20 level for bullish confirmation! 4. In 2017, ETC dipped to the 0.618. Present time, we dipped again to the 0.618! Buy Level: Best opportunity is $31 (highly likely we would reach down there again Sell Leve: $200-300 "If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
COINBASE:ETCUSDLong
by jaydee_757