ETC local moveThe overall crypto market is short-term bullish, I expect a correction to the upwards on ETCUSDT and the price should fill the 1-day gap, after that the bearish movement should continue.
ETCUSDT.PS trade ideas
Possible repeat of May 2 - 6 2021 15 Months later?Lots of similarities in the chart this week and back then PA is very identical
✅TS ❕ ETCUSD: went down✅✅ETC formed several peaks, after which the price went down. The trend has changed and now we can expect the movement to continue.✅
🚀 SELL scenario: short to 26.47.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ETC ELLIOT WAVE DONE ??ETC has completed the fifth elliot wave in the 4H time frame after moving of the bearish wave. As you can see in the graphic, it may have a bearish leg to 29-28 dollars.
ETC BET hi every one guess how many percent possebility this move happen to etc share ur idea in comments
ETC is very Bearish. Hi, again guys
I really don't know what to say here. But this one will definitely make some corrections.
I personally use a manual stop on my positions. Good luck.
Regards
ETCThe price fell to the 50 EMA zone. If the RSI stays above the 50 level, the price will bounce up to the downtrend line. Support and resistance levels are indicated
pending breakoutHello all,
It is important to be open to both bull and bear scenario. I will hold for breakout before taking a position
ETC/USDT LONGJust a quick retracement needed. It had a recent downtrend which we need to retest before going lower
ETC/USDT ShortAfter a recent pump of more than 200%, ETC is in the phase of getting more liquidity at lower prices, in order to start a new wave upwards.
ETC correction ahead?The price moved up aggressively and left a lot of gaps on the way up, there are no imbalanced zones on the upside+clear bearish divergence. BTC is showing some weak movements too. Possible targets are mentioned on the chart.
ETC ascending channel#ETC/USDT
#update
$ETC is above the weekly descending support zone.
🐮 also price shaped an ascending channel, that hold above the lower line of this pattern.
so it is high likely that price continue its uptrend to middle line and even upper line of this channel.
ETC USDT - Patience is KeySeveral weeks ago I proposed a technical analysis trade setup for Ethereum Classic.
First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation.
We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel.
Channels are lovely when you discover them, as they give clearly defined entry and exit zones as well as easy invalidation in the event you are wrong.
On the 25th of July, as I conducted this initial analysis, two proposed trendlines were drawn. In the first example, it seemed as if ETC was at resistance and that entry at that time would have been wise. I decided to be patient however, and wait for price to prove to me that my analysis was correct.
I'm glad I was patient, as ETC has seen further upside pressure. Most of this is fundamental: as ETH moves toward The Merge, miners are panicking as their cash cow is about to exit. While there is much talk about forking ETH, with one version becoming the new PoS Merged System, and the remaining one the current PoW version. However, Ethereum Classic is already an ETH-miner friendly chain. It is the original ETH PoW chain.
Therefore, the idea is that many miners in anticipation of the merge will begin porting over to ETC instead. This idea seems to have merit.
We now have a clash of fundamental and technical analysis. The technicals show-case a wonderful short opportunity, however the fundamentals hint that much more upside could be in store for ETC.
In this situation patience is key. We need to wait for price action to show us that the selling has begun, and trigger our entry into this short position.
I'm waiting for price to break down below the red zone, at which point I will enter into my short position. Targets and stop loss are clearly marked on the chart.
Feedback and thoughts are much appreciated.
Ethereum Classic forecast and signalLearn and Earn!
After breaking the price of 42 USDT and confirming the break.
Confirmation of the break of resistance or support in this 1-H chart; that is, the bar (or candle) closed at the top of the resistance or support price, as well as the next candle, growing at least around 5 pip ( in forex usually call it pips ) or units ( 5 pips in cryptocurrency is around: 0.10%) more than the maximum price of the last closed candle.
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Please pay attention!
First: Trades have a time term , and in this case, it's from now until the next 24 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $42 (USDT)
Before the price crosses the mentioned place, the trade position is not active.
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Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
etcusdtETC has moved 78% of the bearish wave an now it has compeleted the 5 elliot wave in 4H time frame.
it can have bearish leg to 28 dollar as you can see in the picture.
ETC breakout Zone $we about to have another pump if we broke our triangle and hold above the 40$, we going to see a test for our resistant around the 51$, and the 51$ level is the the target where we going to see ETC going in to Bull run if we broke it and hold above it for this year .
Ethereum Classic pulls a Classic ScamHello friends. The good old Scam Top is a classic and powerful pattern. We see them on all time frames and all markets.
You will spot this pattern when you see an extreme move up followed by a retracement down and then a move just slightly above the prior high. That move higher is the "scam" that that snatches liquidity for large traders by taking out retail stop losses. This way they can push prices lower once they have shorted enough.
The Volume Profile helps us to set a target, since it shows there is a good chunk of support which we want to exit before.
Thanks for playing.
ETC /USDT has a nice short term setupi think that for the next couple of days ETC will move inside a 10% channel.
i will enter a short around 44.30$
and i will have two take profit points at 40,25$ and 41,70$.
now for the bad scenario,its not even bad,i will cut my minimal losses if a 4hour candle closes above 45,3 which is a 2,2% loss.
it's not a sure move,but it is a tiny risk move,so i will use only 2x leverage
this is a short term move and i believe we will soon see it above 50$ and because of that,after my take profit hits i will upload another aide for a ETC LONG
this whole idea is supported by pattern,indicators and genral market conditions.
