ETCUSD trade ideas
EtcSo although we had a very large fakeout of this originally assumed to be bull pennant. Now with further price action created we can see a large symetrical triangle. Descending reistance with ascending support. As we head lower here I’m looking and watching this lower support I have marked. As long as we bounce here around 71.840 level and don’t lose this support. This next rip could be the final breakout level. Def watch this 79-80$ level when or if we reach it. If We could get a confirmed breakout this move should be pretty large targeted move is still 118$ which would also line up with the .382 fib level. The .618 fib level is also reistance at 83.23 which will need to be maintained as née support as well
Eth Classic Maybe next cycle or late this cycle we will see a $222 or more Eth Classic based on the bullish impulse leg. But in the meantime, we have more bearish pressure to complete.
ETC update, 1h RSI Bullish Divergence2 days of consolidating sideways, 1h momo about to go positive for the first time since nearly 40 hours. Increasing accumulation, oscillators getting resetted, very real Bullish Divergence on 1h RSI, holding above previous peak unlike most other cryptos moving with Bitcoin right now that simply look worse. I like it and hope to see a huge move up again soon. This will play out if BTC breaks above 40-43k range. Staying cautiously optimistic.
going long on etcprevious had broken downtrend. now looks to be retesting the resistance. and were looking at a bull flag pattern
ETC still bullishSell wall and increasing accumulation, unlike other cryptos it didn't dip at all today. Once this sell wall breaks it can go up really quick and really high again.
ETC (Ethereum Classic) Looks Ready to Move Up Based on the depth and chart analysis it looks like a bull flag is forming and ETC is ready for another leg up to test former resistance levels.
ETCUSD further bearish correction aheadWednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
and primary target would be 35.00 Place your stop lose above 90.00 which is expected 200EMA resistance
EtcCould be an entry here between 82-87. I’m not watching it but target is 118. Could be a great play
ETCUSD H2Price is now at the descending trend line & structure resistance. Price previously, formed a double bottom formation at key level support, & broke the inner wedge pattern. I will be watching for a clear breakout of the resistance structure & descending trend line where price is currently consolidating at for confirmation to take a Long position.
UPDATE ON ETCUSD (DAILY VIEW)PRICE ITS CURRENTLY TRAPPED INSIDE THE EMA'S.
A clean breakout of the ema's will definitely tell us a lot.
Remember we are approaching the end of the month.. GO FIGURE ! xD
ETCUSD Multiple bullish confirmationsETCUSD
Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the
extended target would be 135.00. We can set our stop lose below the 200 EMA. The current price was around .50 Fibonacci
