ETCUSD trade ideas
Adding..About 10% to my small position. Looking to build up in the months ahead. That’ll do it for tonight folks.
EtcAlmost 28 hrs later I got filled at 15.63. Expect more downside, but I like my seats so I’ll stay
ETC- The biggest goldmine since 2017- Long So ima keep this short, I know the fundamentals of cryptocurrencies I have been in them for sometime I just never post ideas, because of crazy volatility.
Here is an experiment for fun... look at most peoples bitcoin analysis and I guarantee you that 50% are trolls, 25% never happen.
Either way this is more of a mining perspective , So ETC is still one of the first layer cryptocurrencies, and has been trying to stabilize its networks because of 51% attacks. But currencies like this that are mined have a better probability of growth because the miners are the network and will not sell their coins due to the fact that they used electricity, time, and effort. I believe this coin will be one of the big winners of 2021-2022. ETC utilizes the ETHHASH algorithm same as ETH, so whenever ETH moves over to Proof of Stake(POS), ETHHASH miners will move over to mine its older brother ETC. (in case you guys did not know ETC was the original Code for Ethereum, but because of the DAO hack they were split and ETC stuck to its guns and chants "code is law". Also you have many good supporters like the creator of cardano(ADA) and the whole IOHK group.
TLDR; The hash rate for the algorithm of ETHHASH is at an astronomical high and this coin is undervalued
whattomine.com
ETCUSD Bull Flag Breakout ConfirmedNice breakout of the bull flag on 1 HR timeframe. Stochastics have curled upward and crossed over, signaling a reversal.
Look for price to hold VWAP and push for a higher high. The RSI is strong.
The next two key pivots are marked with dashed lines. Those are my targets to lock in profit. Let's GO!!!!
Please like if you like my analysis. Thanks and GL with your trades.
ETC Back From the Dead?Looks like Greyscale just bought a bunch of ETC at $10. God knows why. Monitoring the situation.
Bullish scenario is a rally towards $30, best case scenario $50ish
Worst case scenario... back to $12. Under $10? I don't think so.
I charted this pitchfork 8 months ago... And wouldn’t you know it looks to still be in play. Honestly, I would BTMfd to 20$
ETC - Ethereum classic: strong bullish on weekly timeframeEthereum classic has just forcefully broken the resistance zone between $ 10 and $ 12. The potential released by this breakout is first $ 25 and then $ 43.
I hate it when I’m right, not really tho. Just noticed she’s taking off. What’d I say? Look to be at hi right now. I’m looking for a dip. Be safe y’all!
Hit that tip jar in my bio up 🙏🏻
Popular crypto week to date comparisonBTC, ETH, BCH, LTC, BSV, ETC & DOGE week to date comparison. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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ETCUSD Technical Analysis (Ascending Triangle)Introduction
ETCUSD looks like it will hit at least 12.633$, with a maximum upside of 15.81%. There has been a breakout of the pattern as well, so a rise in price is expected to occur soon.
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Technical Analysis
ETCUSD has just broken out of it's ascending triangle, and is headed for 13.707$. There are two targets for this trade, and the stop-loss is just below the upper trend line of the triangle. Here is everything else concerning my analysis:
Entry: 11.816$
Stop-loss: 11.479$ (3.11%)
Target 1: 12.633$ (6.96%) Risk to Reward: 2.24
Target 2: 13.707 (15.81%) Risk to Reward: 5.02
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Final thoughts
Lets see how things turn out! I was kind of late to post this trade, despite having alarms set, but I managed to finish it before a substantial rise in price occurred. Hopefully everything works out well, and good luck and great trading! (Links down below to past successful ideas)
*not financial advice
ETC weekly chartETC has broken the triangle to the upside,and now it is around a important resistance level.
I'm waiting for ETC to close this weekly candle above the resistance level.
