ETCUSDT trade ideas
ETC/USDT 1D Chart ReviewHello 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 $.
Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines.
Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
ETC/USD Main trend. Fractal cyclic structureLogarithm. Time frame 1 week. The main trend.
Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting.
Major trend. Channel. Publication 01 2023
Linear Now in Moment.
Local now at the moment.
Locally. Let me remind you that from the main zone of the cryptocurrency set (horizontal channel) the average price is now exactly +84%. Compared to other assets, during the transition from the accumulation phase to the participation phase (Dow), the price did not increase very much compared to other cryptocurrencies. That is, a conditionally lagging asset.
A triangle is forming . In a localized rising set trend. From this zone, about 40-50% left to the rounded bottom resistance zone (final accumulation phase).
Then it will be business as usual, on stocks or liquid cryptocurrencies. Breakout of resistance, perhaps not immediately, but that's not the point. After breakout, consolidation, then re test and news negative/positive. Confirmation, and the beginning of strong, conditionally irrevocable impulsive movements into the zone of “news perspective of this blockchain”.
This is when ETH will be above or near $10,000. This will be its first consolidation — a partial reset before being pulled into the final reset (distribution) price zone. In this consolidation, not up to the maximum prices, the progenitor of expensive ether, that is, ETC, as before, will surprise everyone with an aggressive news background. With a high degree of probability, all speculative games, as in the last cycle during pumping, will be “slightly wavy”. Don't forget to sell and don't be greedy...
For those who are not traders at all. So which of the hamsters has iron balls, throw in a couple of hundred dollars and forget it, conditional retention without trading for 9, 13 and 19 months. Sold in 3 parts (optional). But, if you don't sell, you will get scared between these market pumping “time zones” and sell everything during the “fear”. If there is profit in advance, then it “warms the soul” and the feeling of lost profits will not play a cruel joke.
Money management. Leave a third of the invested money in dollars, for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn money. If the dollars are not spent and the price flies away, do not buy crypto candy wrappers, but buy a gift for your loved ones.
I am sure that many hamsters , when a trend allows absolutely everyone to make money, will imagine that they are real traders and decide to increase the number of coins. I am 99.9% sure that on futures (your psychology is known in advance) if you take inadequate risks, you will lose all coins up to half the maximum price.
⚠️ Adequately evaluate your skills and behavior . Therefore, for some people who are relatively poor but want to become rich, very quickly, it is better not to trade or even be interested in the market until the market is in the distribution cycle, that is, the highs (late 2024 and 2025). Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end comes, on the contrary, as not yet a maximum.
ETC Chart Update in 3-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ETCUSDT is in a bearish trend, trading below a significant moving average. The price is approaching a primary support level of around $18, which coincides with a suggested entry range for potential long positions between $14.7 and $18.
The analysis suggests a bullish rebound from this support zone with a possible target around $35, implying a substantial upside.
Key Observations:
~ Primary Support: $18.
~ Lower Support/Entry: $14.7 to $16.4.
~ Resistance/Targets: $$32 to $37.
DYOR. NFA.
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$ETC is now on multi month support. ETC has held this multi-month support several times, and now the price is once again hovering around the same support trendline. If this support holds, then it's probably a good entry point.
ETC PlanETC looks good at this level. If it holds, it could experience a strong upward movement; otherwise, it may drop to the lower channel.
ETC/USDT 1D Chart Hello everyone, I invite you to review the ETC to USDT chart on a one-day time frame. As we can see, the price is moving below the local downtrend line marked in yellow.
To determine support, we used the trend based fib extension tool and after spreading the mesh, we can precisely determine a strong support zone using the red color.
Looking the other way, we can determine resistance points in a similar way and here we see the first resistance at $25.49, then the second stronger level at $28.16, the third level at $30, and the fourth at $32. $61.
Looking at the RSI indicator, we can see that we have approached the lower limit, but there is still some room for correction, while on the STOCH indicator we have been moving around the lower limit for some time, but now we have a visible rebound, which may again result in a price recovery.
Where does ETC go?As we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
ETCUSDT is BullishBullish RSI divergence appeared on hourly time frame, after which previous lower high is about to be broken indicating that bulls are wining control of the price action. Price would print a higher high followed by a higher low before moving to new highs. Targets are mentioned on the chart.
ETCUSDT is BullishBullish RSI divergence seems to be playing out on 1H time frame, as the price has printed a higher high and broken previous lower high indicating that bulls are trying to win control of the price action. Price is currently printing a higher low, if it manages to break newly printed higher high, the price would move up quickly, as per Dow theory. Targets are mentioned on the chart.
ETC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETC has been overall bullish , trading within the rising wedge in blue.
Currently, ETC is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETC approaches the blue 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
ETCUSDT.PHello Trader BINANCE:ETCUSDT.P
deep enough to experience a breakdown on this chart, so it's better for me to take a long position in the small daily support area to ensure that the price can be reached in a short time
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Disclamer: Not Financial Advice
Coin where you will definitely earn moneyWhy Ethereum Classic is the Ideal Asset to Buy in June
Looking for a reliable and promising asset to invest in? Consider Ethereum Classic (ETC), which shows stability and significant growth potential. The recent halving in the Ethereum Classic network has once again drawn investor attention.
What is halving and why is it important? Halving reduces the block reward, decreasing inflation and potentially increasing the value of remaining coins. After the last halving, Ethereum Classic's value doubled. Can it repeat this success? I believe so, and here's why:
Inflation Reduction: With reduced block rewards, the supply of new coins decreases, creating scarcity and potentially driving up the price.
Reliability and Stability: Ethereum Classic ranks 25th in market capitalization, standing at $4.29 billion. Since its launch on July 23, 2016, Ethereum Classic has consistently been in the top 100 cryptocurrencies despite market changes.
Long-term Potential: Many projects have disappeared from the market, but Ethereum Classic remains a strong player. This factor instills confidence in its future, making it an attractive long-term investment.
Current Situation Analysis: The recent breakout of the resistance level at $29 and support at $28.4 creates favorable conditions for further growth. While short-term volatility is possible, the overall trend remains bullish. Retesting the $29 support level suggests a buying opportunity, confirmed by rising volumes and technical indicators.
Psychological Aspects for Investors:
Emotional Benefit: Investing in a time-tested project like Ethereum Classic brings confidence and peace of mind.
Exclusivity Feeling: Being part of the top 25 cryptocurrencies by market cap gives a sense of belonging to the market elite.
Urgency and Scarcity: Halving and reduced inflation create conditions for limited supply, intensifying the desire not to miss a profitable opportunity.
Greed and Profit Potential: The significant growth potential in June creates a desire not to miss the chance to double or triple investments in a short period.
Why You Should Invest Right Now:
Historically Proven: After previous halvings, Ethereum Classic's value grew significantly. History could repeat itself!
Growing Interest: With each halving, interest in the coin increases, attracting new investors and boosting demand.
Supply Scarcity: Reduced inflation and decreased block rewards create ideal conditions for price growth.
By the end of June 2024, Ethereum Classic is expected to reach $40. BINANCE:ETCUSDT BINANCE:OMNIUSDT BINANCE:BTCUSDT
ETC ( Ethereum Classic ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
Etc After the etf news about etherum, we see jump in etherum layer 2 and its fork
Here
I described u why we should buy there with confirmation
In Weekly time frame I found my direction
In H4 based on my trading plan I should find buy opportunities
So I find here because has 3 parameters
Good move out
Strong breakout
Placed in discount area
So I will stay like good sniper to hunt it
Etc Pre-Halving Retest TrendTrend retest happened in etc.New way pre halving is impulse upward to testing last ath.Gl this is my spot position still on.
ETC/USDT Gathering Momentum for a Bullish Rally From Support👀🚀💎Paradisers, brace yourselves for a pivotal shift in the #ETCUSDT market, indicating a potential bullish surge from its current position.
💎After navigating through 2 waves of profit-taking, #EthereumClassic is primed for a temporary retreat before making a rebound from the crucial Bullish OB zone at $25.73. If
BME:ETC harnesses sufficient momentum from this zone, we could witness a vigorous ascent that challenges and possibly surpasses the upper supply zone.
💎However, if #ETC falters within this vital support zone, we may need to swiftly recalibrate our strategy. Enter Plan B: focusing on sparking a bullish thrust from a lower demand zone at $22. This level is pivotal, as a fall below it could herald the start of a bearish phase in the market's narrative.
💎Stay vigilant and flexible, Paradisers. Your ParadiseTeam remains on alert, ready to navigate and lead through the dynamic shifts of the #EthereumClassic market.
MyCryptoParadise
iFeel the success
ETC/USDT LongAs we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
#ETC/USDT#ETC
We have a bullish trend pattern on a 4-hour frame, the price moves based on it and adheres to its limits well
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 26.00
The first goal is 27.87
Second goal 30.16
Third goal 32.15
A 1200% gain to $400 in 2024 for ETC?Since May 2021 Ethereum classic has corrected 90% as shown on the above weekly chart. Unlike many legacy tokens ETC is one of the few building structure. The reasons to now consider a long position include:
1) Trend reversal, higher highs higher lows replace lower highs lower lows.
2) Support and resistance. Price action has left the long term downtrend channel resistance as indicated by the green arrows. Look left and see past horizontal resistance is now confirming support.
3) Hidden bullish divergence. This particular indication informs a strong move is about to occur. It happens when price action prints a higher low with a lower low on the stochastic RSI oscillator.
4) The price target. The downtrend channel is in actual fact a bull flag. The first impulsive move of 2021 becomes the flagpole. This flagpole is used to measure the target from the exit point of the channel to the area of $400
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Time frame for long: You decide
Return: 1200%
