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ETCUSD trade ideas

ETC overvaluedHello, Ethereum classic for some reason i dont understand went up 300% in the recent weeks. The merge of ethereum means that ETC will no longer receive "free upgrades" from the normal Ethereum because the code is no longer the same as ETC keeps proof of work while ETH is going proof of stake. The market thinks this is bullish for ETC, i think its bearish and the price increase is unjustified. Im 1x short on ETC to 10$ (i fear a retest of 44$ thats why im only using 1x leverage, i think its unlikely tho but wanna play it safe) ETC seems to trade in a ascending wedge and we are near resistance. Fundamentals and TA line up, thats why i think this is a good/safe trading setup. DYOR and only invest what you can afford to loose in crypto (also shorts) as i think we are in a bubble.
COINBASE:ETCUSDShort
by Symbio_X
22
ETC - Over-Sold Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. ETC is overall bearish trading inside the brown channel, however, it is now approaching the lower brown trendline acting as a non-horizontal support zone . Moreover, the zone 23.0 - 25.0 is a strong support and demand zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower brown trendline. (acting as non-horizontal support) As per my trading style: Since ETC is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ETCUSD
by TheSignalyst
23
etc coming down hard etc down about 6.5-7 percent since markets closed at 8pm compared to the rest of the market, it is clear there is a whale selling. could be a fakeout or possibly having a negative reaction to the merge. we could etc come down to test the $30 level, and possibly sub 30 still a lot of new info coming out every hour about etc/ eth merge negative and positive effects, but its clear a big group of people wanted eth to be proof of work based on the pump etc has had since june, but now that the eth is here, we will see very soon if etc will hold and stay relevant as we get further into proof of stake Ethereum
COINBASE:ETCUSD
by WickWatcher