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ETCUSD trade ideas

ETC Price Analysis: Aiming for $40 Amid Market OptimismKey Analysis Points Current Market Scenario: ETC price experiences a bullish turnaround following the Bitcoin ETF approval, boosting the altcoin market. Recent Performance: ETC price has surged by 46% this week, breaching the $25 level. Technical Outlook: Fibonacci levels in the weekly chart suggest that ETC could target the $40 mark. Market Dynamics: The broader market uptrend, particularly in altcoins, is fueled by the SEC's approval of the Bitcoin Spot ETF. Chart Analysis: ETC's break from a year-long consolidation and a bullish breakout above $23 signal a significant trend reversal. Volume Surge: A 250% increase in 24-hour trading volume underpins the current price rally. Price Movement: Currently trading around $28.43, ETC is forming a bullish engulfing pattern in the daily chart. Technical Indicators: Daily MACD shows a bullish crossover, and EMA trends hint at a potential golden crossover, reinforcing bullish sentiment. Upside Potential: ETC's momentum could carry it beyond multiple resistance levels, aiming for $40. Downside Risk: If ETC loses steam, a retest of the $25 support level could be imminent.
COINBASE:ETCUSDLong
by Coinpedia-Market-Insight
ETC Bullish breakout ETC has broken above a key resistance zone and is currently holding it as support. It created at and eve bottom at a major support along with double bullish divergence on both indicators. We deem ETC as a great opportunity in the altcoin space that we believe is in great shape for a bullish run in the near future. Should ETC Break 23 dollars we see the next target as a massive 45 dollar target. Weekly shown below to showcase key levels and targets
COINBASE:ETCUSDLong
by SynergyTradingSetups
5
ETC price levelsETC is performing really well at different price levels. However, buying now is a very bad idea. The $19 level is a good spot; there's a high chance it will dip to that point again. Comparing it to Bitcoin, Bitcoin has already doubled in value, but ETC hasn't, just like many other altcoins. During Bitcoin’s correction phase, there will be great opportunities to buy as many altcoins are likely to retest their lows. Looking at the monthly charts, it still looks bearish. On the weekly chart, we're seeing the start of an upward momentum. Daily charts show heavy overhead selling pressure; a pullback is likely soon. It's more important to monitor Bitcoin and see how it recovers. If there's strong buying around $40k for Bitcoin, then it would be safe to go ahead and buy altcoins. For ETC, prices at $15 or lower are really attractive entry points for purchasing.
BINANCE:ETCUSD
by Ivan_Olyanskiy
ETC Price Explodes With $20 Break, Eyes $30!Strong Bullish Trend and Range Breakout: Ethereum Classic (ETC) displays a robust bullish trend, culminating in a range breakout. Breakout Rally Towards $25: The ETC price shows signs of a strong breakout rally with a target of reaching $25. Potential to Reach $30: If ETC sustains its current momentum, it can potentially ascend to the $30 mark. Bullish Comeback in December: ETC makes a bullish comeback, contributing to its 38% year-to-date growth. Influence of Bitcoin and Ethereum's Rise: The rise in Bitcoin and Ethereum's prices positively affects Ethereum Classic's market trend. Rounding Bottom Pattern in Daily Chart: The recovery rally follows a rounding bottom pattern, indicating trend continuation. Increase in Trading Volume: A significant rise in trading volume suggests increasing demand for ETC. Crossing Long-term Barrier at $20: ETC crosses a crucial long-term barrier at $20, signaling a bullish breakout. 16.26% Jump in Seven Days: ETC experiences a notable 16.26% increase in the past week. Current Trading Price: ETC is trading at $21.52, up by 5.87% intraday. Technical Indicators - MACD and EMA: The MACD indicates a bullish crossover, and a golden crossover in EMAs suggests a trend reversal. Risk of Decline to $17: A failure to maintain momentum could lead to a retest of the $17 level.
COINBASE:ETCUSDLong
by Coinpedia-Market-Insight
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 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck COINBASE:ETCUSD BINANCE:ETCUSDT
COINBASE:ETCUSD
by CryptoCheck-
10
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:
COINBASE:ETCUSDLong
by The_ForexX_Mindset
3
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
COINBASE:ETCUSDLong
by AzrulAzir
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.
COINBASE:ETCUSDLong
by Coinpedia-Market-Insight
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 $20 mark. Long-Term Outlook: ETC price predictions remain optimistic for the foreseeable future.
COINBASE:ETCUSDLong
by Coinpedia-Market-Insight
EtcUsd potential inverted h&S formingIt seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow: Etc, seams to be forming a potential, h&S pattern If this scenario will play out the first Short term-target appears to be approx 31$ 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.
KRAKEN:ETCUSDLong
by samideluxe
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.
COINBASE:ETCUSD
by Coinpedia-Market-Insight