✅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.🚀
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
ETCUSDT trade ideas
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.
---------------------------------------------------------
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 $42 (USDT)
Before the price crosses the mentioned place, the trade position is not active.
---------------------------------------------------------
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
Ethereum Classic pulls a Classic ScamHello friends. The good old Scam Top is a classic and powerful pattern. We see them on all time frames and all markets.
You will spot this pattern when you see an extreme move up followed by a retracement down and then a move just slightly above the prior high. That move higher is the "scam" that that snatches liquidity for large traders by taking out retail stop losses. This way they can push prices lower once they have shorted enough.
The Volume Profile helps us to set a target, since it shows there is a good chunk of support which we want to exit before.
Thanks for playing.
ETC /USDT has a nice short term setupi think that for the next couple of days ETC will move inside a 10% channel.
i will enter a short around 44.30$
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.
ETC (the monster is coming back ?)ETC / USDT
I made analysis for this coin since 1 week ago
And it seems following my idea ⬇️
Price is already pumped 21% from my last idea
Ignore the noise and fluctuations in small time frames we saw a clear breakout in weekly time frame
The first strong resistance is located at 50$
Best of wishes
ETC TopETC was a market leader for a while so it makes sense for it to top out before everything else. Money made from this on the way up will also roll into other projects as well.
Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I believe this is a B wave up that has retested the highs. If it goes above the highs again then my count may be invalidated as we see an extended 5th. Looks like a safer short than a long here!