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ETCUSDT.P trade ideas

Bullish Surge Ahead? Key Levels ETC Must Hold to Skyrocket!ETC/USDT Analysis ETC (Ethereum Classic) is in a down trend after making high in March and trading within a descending channel. The price is consolidating between support zone Purple at $16.48 to $17.19 and resistance zone Blue at $20.90 to $21.56. Bullish Scenario For a convincing breakout, ETC needs to surpass the resistance zone Blue at $20.90 to $21.56. If it manages to break and hold above this level, it could attract further buying interest. In this bullish path, the next major resistance zone to watch is at $24.74 to $25.36 in Yellow. Breaking through this could set the stage for a move towards the resistance zone in Pink at $29.72 to $30.46 . Look for strong bullish candles with increasing volume to confirm a breakout, minimizing the risk of a false move. Bearish Scenario If ETC fails to sustain above support zone Purple at $16.48 to $17.19 and shows signs of weakening, sellers may attempt to push the price lower. A break below the Pink support zone could expose ETC to further downside risks, with the next significant support around $14.48. A breakdown below $14.48 could accelerate the decline, potentially challenging even lower support levels and indicating a bearish trend continuation. As long as ETC maintains support above $16.48 - $17.19, the bulls retain a chance to initiate a rally. However, a break below this zone could signal increasing bearish pressure, with significant downside potential if lower supports are tested. Everything is marked on the chart
Long
by TheCryptoCity
#ETC Ready For Bullish Surge or Bearish Breakdown? Key Levels Yello, Paradisers! Is #EthereumClassic about to make a major bullish breakout, or will it fall back into seller territory? Let's see the latest analysis of #ETC: 💎#ETCUSDT is showing some positive signs, holding strong near the critical support range of $16.9-$17.8. However, #ETC must maintain momentum and stay above this support zone to confirm a bullish continuation. This positioning could pave the way for a breakout above the internal resistance. 💎For a genuine breakout, BME:ETC has to decisively move beyond the internal resistance at $23.1. Look for robust, engulfing candles and sustained upward momentum as key indicators of strength here. Diving in too early without these signals could lead to unnecessary risk exposure. 💎The risk of losing momentum remains. Should ETC fail to break above $23.1 and show signs of fatigue, sellers may seize control. In this scenario, the $16.9-$17.8 support zone becomes even more crucial, as it has previously withstood significant downward pressure. 💎If this support range holds, the bullish potential remains intact, with a possible bounce sparking renewed buying interest. However, a break below $16.9 could invalidate the bullish setup, potentially leading to a sharp decline toward the next demand level at $14.71. A fall below this secondary support could signal even further downside, marking a critical juncture for #EthereumClassic’s trajectory. Don’t let FOMO get the best of you; wait for clear confirmations before making your move. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Crypto Market on the Bearish TrendHi, we meet again in this post. Isn't it quite accurate what I analyzed in BTC/USDT to take a short? And now the market is bearish and I am also quite interested in this ETC/USDT market because the drop is so fast that I made 3 TP phases within 1 day. Isn't it clear that the price chart cannot break into bullish conditions? See how the price chart collapses after breaking upwards past the 200 EMA. since then the bearish trend has begun. For this technical analysis, I am very confident to be able to touch my TP 3 haha.
Short
by bifox
#ETCUSDT #1D (Bybit) Descending wedge breakout & retestEthereum Classic regained 50MA support and seems to be heading towards 200MA resistance, probably after a pull-back. ⚡️⚡️ #ETC/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (3.0X) Amount: 4.6% Current Price: 20.620 Entry Targets: 1) 19.256 Take-Profit Targets: 1) 24.837 Stop Targets: 1) 16.459 Published By: @Zblaba CRYPTOCAP:ETC BYBIT:ETCUSDT.P #1D #EthereumClassic #PoW ethereumclassic.org Risk/Reward= 1:2.0 Expected Profit= +86.9% Possible Loss= -43.6% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
Etcusdt trading opportunityETCUSDT is currently displaying a double bottom formation, which is a classic technical indicator often associated with a reversal of the prevailing downtrend. In conjunction with this pattern, there has been a recent upward breach of a descending trendline, further reinforcing the bullish outlook. The 'bull area of interest' mentioned refers to a zone that is deemed attractive for accumulation. The rationale behind this is that after breaking out from the trendline, the price often retests it, which in this case is expected to serve as a pullback target where the market may seek to confirm the trendline's role reversal from resistance to support. The immediate upside objective is identified as the 'potential neckline' of the double bottom pattern. This level is significant because a decisive break above it would confirm the double bottom formation, suggesting a strong possibility of continued bullish momentum. Beyond the neckline, the 'supply level' indicated on the chart represents the next target for profit-taking. We welcome your thoughts on this analysis and encourage you to acknowledge our efforts by liking this post if you find it insightful. Thank you for your engagement and feedback.
Long
by weslad
4
ETC/USDT 1D Chart Hello everyone, let's look at the 1D ETC to USDT chart, in this situation we can see how the price has broken out of the downtrend line. Let's start by setting goals for the near future, which include: Target 1 - $19.43 Target 2 - $20.10 Target 3 - $21 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $18.79 SL2 = $17.76 SL3 = $16.72 Looking at the RSI indicator, we see as we again exceeded the upper limit of the range, which may translate into limiting further growth.
by cryptodailyuk
Buy Trade Idea for Ethereum Classic (ETC)Description Ethereum Classic (ETC) is one of the original blockchain networks, born from the Ethereum hard fork, and it retains a strong foundation built on immutability and decentralization. Here are the key fundamentals supporting a buy trade on ETC: - **Immutable Ledger:** Ethereum Classic prides itself on maintaining the original Ethereum blockchain, ensuring that transactions and smart contracts remain unchanged and transparent. This adherence to immutability continues to attract users who value decentralization. - **Strong Decentralization:** ETC operates with a focus on preserving the decentralized nature of blockchain technology, free from centralized influence. This aspect is appealing for developers and investors looking for truly decentralized platforms. - **Smart Contract Capability:** Similar to Ethereum, ETC allows for the creation and deployment of smart contracts, which opens the door to various use cases in decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain applications. - **Support from Mining Community:** With Ethereum’s shift to Proof of Stake (PoS), ETC has seen increased support from miners, strengthening the security of its Proof of Work (PoW) consensus and adding to the network’s resilience. Considering these strong fundamentals, ETC presents a promising buy opportunity for those looking to invest in a blockchain that values decentralization, security, and long-term stability. Disclaimer Trading and investing in cryptocurrencies involve significant risks and can lead to substantial losses. The information provided here is for informational purposes only and should not be taken as financial advice. Cryptocurrency markets are highly volatile, and prices can fluctuate due to various factors. Always conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Alikze »» ETC | Completing the corrective leg C🔍 Technical analysis: Completing the corrective leg C - In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle. - Currently, it is channelized, moving in the downward channel in the daily time frame. - According to the current correction structure, this correction is a three-wave correction that can enter an upward cycle within the specified range after confirming the reversal of the trend. - Therefore, I expect that it will encounter demand in the buying range and then leave the downward channel and grow up to the first supply area or Fibo 0.618. - In addition, the most important area for an upward trend is the $25 range, whose high stabilization will have the ability to reach the supply range of the previous ceiling. 💎 Note: Note that if the bottom of the buy zone is stabilized, the bullish scenario is invalid and should be updated again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETCUSDT
Long
by alikze
Understanding Price Movements in Stocks and CryptocurrenciesA person's mouth can lie, but charts do not lie. The first chart is for a stock called Palm Story, and the second is for Ethereum Classic. Palm Story (2021-2022) Ethereum Classic (November 2023) The two charts above are quite similar. For those who know nothing about charts, it might take 1 to 2 years to understand these reasons. Commonalities: Large Trading Volumes at Specific Price Levels: You can see that trading volume increased significantly at certain price levels on both charts. Volume Increasing During Uptrends: It is crucial to note that trading volume spikes during uptrends. Questions: Can High Trading Volume Indicate a Trend Reversal? It depends on the situation. Typically, one reason for a significant drop from high levels is a decrease in trading volume. When trading volume decreases gradually, the price may either rise further(not much) before dropping or create a double top. If volume continues to decrease and there’s no one left to absorb the supply, a significant decline occurs. However, if someone buys heavily to counter a downtrend, the price might continue to rise, similar to a bull market. Thus, I dislike decreasing volume. Analogy: It’s like choosing to eat cold food instead of warm dishes at a buffet. Volume Decreases During Corrections: The average trading volume decreases, while volume spikes only during significant price increases. This indicates that while public interest diminishes, some individuals are quietly accumulating shares at specific price levels. Long Wicks and Closing Prices: In Ethereum Classic, the long lower wicks in the recent sharp drop (watch the closing price) are significant. Note the closing price: they tend to close around similar levels, suggesting difficulty in accumulating above certain levels. You can observe similar behavior in Palm Story’s closing prices at specific levels. Bull Traps Exist: In a major trend, accumulation occurs, but short-term bull traps are common. Bull traps, however, do not determine long-term trends. When a bull trap forms, prices often drop sharply. Support and Resistance: It is crucial to recognize that important resistance levels turn into support and that breaking resistance often leads to significant upward movements. Can Beginners Catch This from the Chart? It is challenging to grasp these details without closely analyzing the chart. Understanding these nuances usually requires 1-2 years of trading experience and not just reading books. This is just one aspect of chart movements, and there is a significant difference in detail and skill between experienced traders and beginners who read about it only once. There are ways to predict potential explosions in price movements before they happen. Why Did Palm Story and Ethereum Classic Show Different Movements? Palm Story dropped dramatically, while Ethereum Classic showed tremendous growth. The reason for this is trading volume. Failing to consider trading volume in trading is like going into battle with a firearm without knowing how to use it. Think about this, and if you’re really unsure or have questions, leave a comment.
by Chartanalysistomakemoney
1
ETC/USDT Hello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. On the RSI indicator, we can observe a movement at the lower end of the range, which in the longer term may translate into the expected upward price movement.
by cryptodailyuk