ETCUSD ❕ downward channelThe RSI indicates a transfer of the initiative to the sellers.
ETC is back in the descending channel.
I expect the asset to continue its decline.
ETCUSDT trade ideas
ETCUSDT | UptrendIn the 4-hour time frame, ETCUSDT has currently broken out of its minor bottom neckline, which is a good indication that it will make a higher high according to Dow theory. Additionally, there is a double bottom pattern, and ETCUSDT has successfully broken out of its neckline. According to that pattern, its projection is at $21.30, which is our final target profit. We entered at the current market price (CMP), and our first take profit level is at $20.50 with a risk and reward ratio of 1:1.
ETCUSDT has a weak low at $19.10, which is a strong support area. Its resistance levels are at $20.20, $20.50, and $20.73, with a strong resistance at $21.30, which is our final take profit level. We can also see a minor retracement to $19.70, which is a higher low, and then we can expect a higher high to $20.58, which is highly likely to be tested because there is a Fibonacci golden number of 0.382.
ETC - Massive price movement coming! The enormous triangle currently displayed on the chart represents the price trend that ETC has been following since August of 2021. A successful breakout from this particular pattern is likely to result in a significant price movement for ETC! If the price breaks below 16$, a move down to 10$ may happen!
Current market conditions suggests that many altcoins are exhibiting a bearish outlook, with a considerable number of them having breached their BTC-pair support levels. This indicates that in the event of another drop in BTC prices, altcoins are likely to suffer significant losses. It is my projection that a decline of at least 50-70% in altcoins may occur prior to August. I maintain a highly bearish stance regarding the upcoming summer period, which seems to resemble the summer period of 2021.
Regarding Bitcoin, it is possible that it may soon reach 25k so trade safe
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About BTC:
It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
Upon examination, it is also evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ETC - Massive breakout possible! The price is brushing the upper trendline of the triangle and a breakout is possible!
The idea is: Buy when the price breaks above 25$ and take profits at the levels shown in the chart.
Targets:
1. 28$
2. 32$
3. 37$
4. 47$
5. 53$
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Recent Altcoin trades:
ARB / USDT: 30% profit!
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
ETC/USDT had still room for fall! Hey guys 👋
Another coin that we will be looking into today is going to be ETC coin here with a nice potential to fill some more gaps on lower zones (around 5-6% drop). Now all we can do is wait and see if price will reach that zone and once we are near the trend we will be looking for some entry for position!
If you like ideas provided by our team you can show us your support by liking and commenting.
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
W9.1-27 ETC BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of DOUBLE bottom coupled with bullish divergence (Bullish reversal pattern) SL & TP Levels are defined.
ETC/USDT Technical Analysis: Potential Breakout on the HorizonETC/USDT Technical Analysis: Potential Breakout on the Horizon
Ethereum Classic (ETC) is currently trading at $19.60 against the US Dollar Tether (USDT) on the 1-hour chart. Technical analysis suggests that a potential breakout may be on the horizon, with the next target being $21.14, a 7% increase from the breakout level.
LTF (1H) Chart Analysis:
Looking at the 1-hour chart, ETC is hovering near its breakout level, which could lead to a bullish move if broken. If the breakout occurs, the next target will be $21.14. However, if ETC is rejected from this level, we could see a drop in price back down to the HKEX:18 - HKEX:19 range.
Resistance and Support Levels:
The current resistance level is at $19.75, while the support level is at $19. This means that if the breakout occurs and the price goes above the resistance level, we can expect bullish momentum. On the other hand, if the support level is broken, we may see a bearish trend.
Takeaways:
ETC is currently trading at $19.60 against USDT.
The 1-hour chart suggests a potential breakout on the horizon.
If the breakout happens, the next target will be $21.14.
A rejection from this level could lead to a drop back down to HKEX:18 -$19.
The resistance level is currently at $19.75, while the support level is at $19.
Conclusion:
Based on the technical analysis of the ETC/USDT pair, a potential breakout may be on the horizon, with a next target of $21.14. However, it's important to keep an eye on the resistance and support levels to gauge potential market movements. If the support level is broken, we could see a bearish trend, while a breakout above the resistance level could indicate bullish momentum. As always, traders should conduct their own research and exercise caution when making trading decisions.
W9.1-9 ETC BULLISH IDEA (HARMONICS PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
etc idea long 19.2-20 support next support 17-18 good areaetc idea long 19.2-20 support next support 17-18 good area
etcIt has a short-term resistance range that can help to open long trades on the green lines and see higher targets in case of failure.
ETCUSDTLook up details
64 / 5,000
Translation results
Translation result
If the price hits the ceiling of the channel, the price is expected to decline
ETC/USDT Breakout? Hey guys 👋
Another coin that caught our attention here is ETC coin with a good potential of breakout to happen of 1hr chart. We are looking at that resistance zone which can be broken anytime for some further bullish movement here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ETC BULLISH BREAK!ETC Breaks a descending wedge pattern on the WEEKLY. That means extreme price pumps are about to happen.
It is just breaking it now and RSI is looking healthy at the mid range , slightly bullish.
Bullish target: $ 36.00
NOTE: on the log chart it's still stuck in a bullish flag (parallel channel)! This is a bearish sentiment. But from FIB levels and RSI this is looking very good! ETH has been pumping and ETC is quiet ... that means it's due for a rise!
TAKE A LOOK AT THE LOG CHART:
✴️ Ethereum Classic Long Consolidation, The Bright SideIt's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022.
I will go through the whole thing because many people are new.
We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave.
ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level.
The bright side of this, the good news.
The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support.
This might be the last time we see this Altcoin at HKEX:20 something... Once it moves up, it will go strong and it might never come back down.
If it does move back, then this would be the bottom/higher low, near the current price.
The longer the consolidation phase in duration, the stronger the bullish breakout when it comes.
It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term.
Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars.
Namaste.
🔥 ETC Moving To Bear Market ResistanceETC is one of the many alts who's currently underperforming the market. However, that doesn't mean that there's not trades to make.
I'm looking at the top dotted resistance line as a target. With continued market strength we might break out of the resistance, but that's something for later.
April for ETCAscending triangle breakout successfully and first target is 24 . If 24 resistance breaks then next target will be 30. If price breaks down the Red line then there are chances that price will not pump soon.
ETC break-out
ETC is breaking out its long-term trendline starting from May 2021.
Volume indicator CMF has already broken its trendline. This confirms that buy pressure has increased and will continue.
Proposed targets and SL (red line) are in chart.
$ETCUSDT: Bullish trendMaybe it plays some catch up to $ETHUSDT here on the back of the Shanghai upgrade potentially being seen as a source of sell pressure by market participants, chart is certainly bullish if it closes the week over $20.78.
One of the dumbest coins around, only miners and some degenerate WSB guys have any interest in it (and Barry of course), but it is what it is. Low risk trade setup for a small position here.
Best of luck!
Cheers,
Ivan Labrie.
$ETC- bounce at blue or yellow ?Hola folks,
corn looks ready for a correction possibly to 26400ish
still longing alts like a degen
this one got rejected from a key confluence of 200 ema and downtrend line on the weekly
so currently going back down to fuel up and attempt a break again
IF we do $40/42 should be our first impulse imo
got a spot bag but will look at leverage IF corn does visit 26400 from where i recon we make our final impulse up to 32895ish before it all comes crashing down
brain saying hedge your longs on alts with a short on corn but heart saying shorting ain't kosher ;)
buying a break of the yellow line above is a way better approach unlike me who has just hopped on in the middle
✅TS ❕ ETCUSD: correction✅✅ Ethereum Classic broke through the downtrend.
The chart has formed an ascending structure.
The price will rise after breaking through resistance. ✅
🚀 BUY scenario: long to the resistance area. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ETC/USDT - Ethereum Classic: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the SET:ETC / CRYPTOCAP:USDT chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 21.48 | 22.39 | 24.13, while the main support levels can be found at 19.74 | 18.91 | 17.17. Consider buying at the current price of 21.14 and benefiting from the trend continuation.
◰◲ General info :
▣ Name: Ethereum Classic
▣ Rank: 25
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Ethereum Classic is a decentralized computing platform designed to execute smart contracts, which are applications that run as programmed without the possibility of censorship or third-party interference. It is a distributed network consisting of a blockchain ledger, a native cryptocurrency (called ETC), and an ecosystem of on-chain applications and services. Ethereum Classic is the legacy chain that split from Ethereum following a contentious hard fork, known as The DAO fork, in Jul. 2017. Like its sister chain, Ethereum Classic features an execution engine optimized for smart contract processing (known as the Ethereum Virtual Machine or EVM) and a Proof of Work (PoW) consensus system. While it shares some aspects with Ethereum, Ethereum Classic offers a more defined monetary policy and inflation schedule.
◰◲ Technical Metrics :
▣ Mrkt Price: 21.14 ₮
▣ 24HVol: 15,065,869.507 ₮
▣ 24H Chng: 4.241%
▣ 7-Days Chng: 0.07%
▣ 1-Month Chng: 12.12%
▣ 3-Months Chng: 3.06%
◲◰ Pivot Points - Levels :
◥ Resistance: 21.48 | 22.39 | 24.13
◢ Support: 19.74 | 18.91 | 17.17
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 2.91
▣ Last 90D: 0.49
▣ Last 1-Y: -0.11
▣ Last 3-Y: 0.97
◲◰ Volatility :
▣ Last 30D: 0.74
▣ Last 90D: 0.69
▣ Last 1-Y: 1.11
▣ Last 3-Y: 1.22
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.67 - Bullish
▣ Reddit sentiment score is 0.75 - V. Bullish
▣ In-depth ETCUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ETC/USDT Waiting to liquidity grab zone? Hey 👋
ETC coin here caught our attention with potential bullish movement to occur towards upper liquidity grab zone. Watching out for a potential breakout to happen as well at 200EMA zone - waiting!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
#ETCUSDT (Watchlist) 4-2023Consider adding this BINANCE:ETCUSDT to your watchlist. Altcoins can be extremely volatile and experience significant losses during bearish cycles, so always practice good risk management.
When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry.
Please note that we avoid trading any coin if the entire project is based on gambling, prostitution, human trafficking, borrowing, lending, etc.
This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management.
You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome.
Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing.
Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
