ETCUST trade ideas
Downward movement can continue to the lower support areaETC has been falling in price over the past week. Selling pressure started after the $25 resistance area was reached, and short-term buyers did a lot of profit saving. Ethereum's short-term trend was the classic range, which is still ongoing. But the price hit an important support level in the $20-$20.43 range, which has created a positive reaction, and we cannot consider Ethereum Classic to be bearish until a strong bearish candle closes below the $20 range in the 4-hour timeframe.
But by breaking this support, the downward movement can continue to the lower support area. So the next reaction range will be at $17.39 to $18.42. The RSI indicator is inside a descending channel on the daily time frame, which, if a positive divergence forms at the bottom of the channel, has the potential to create signs of reversal and price growth. Therefore, if we see a further price correction, we expect a stronger reaction from the second support level.
ETC/USDT where now? Hey, guys ✌️
Next one on our watchlist is going to be ETC/USDT pair. As you can see a breakdown - failed retest - another breakdown. Some sort of similarities we might see today where we are waiting for another breakdown to occur here on ETC.
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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.
ETC | Another Buy Opportunity Is ComingETC | Another Buy Opportunity Is Coming
Ethereum classic performed very well during the old analysis.
Today ahead of the US CPI data, the market will move up and down.
Also, the current price increase needs to be corrected before it increases again.
I am watching for a buying opportunity near the old support area.
The overall crypto industry is moving again, but this correction is necessary
for a more powerful movement.
Let's see if we get this chance again.
Thanks and good luck!
ETC/USDT reviewAfter consolidation in the triangle and updating the local maximum, price has started a corrective movement.
It is possible a small upward movement or continuation of the falling with the further growth.
Ethereum Classic ETC/USDT TA & LongHey there, here is ETC/USDT TA
In my opinion this chart looks great. It looks like it respect TA and patterns.
I think it has good chances to rise up to 60%
#ETCUSDT #LQRUSDT #TOBTC #LaqiraProtocol EMA200 Important EMA200 important resistance at price $23.35
support $18.42 and $15.63
Etc Will Grow Exponentially Massive consolidation Going To Explode Soon Forming Symmetrical Triangle In Higher Tfs
Expecting Massive breakout To The Upside
Incase Of breakout expecting 500 To 600% bulish Wave
ETC IS STILL BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ETC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ehereum Classic Cup With Handle ReentryThe IHNS failed and stopped out but now we are at the bottom of the Handle's Channel and at the 800 EMA i'd say that it's gone down enough to try a secondary entry on ETC just to see if the Channel holds strong if it does i'll be looking for a test near the highs ofthe pattern and a potential breakout.
ETCUSD: Potential Slanted Inverse Head & ShouldersWe have an IHNS within this Potential Cup with Handle that could take us up to atleast test the daily open again. If we can get by the daily open then the next target will be the Channel Resistance and if we get above that then we will be going for Cup with handle targets.
ETCUSDT Good Area For BuyEtc down in wave iii in C wave major and touch trend bearish line green and bullish trend line red and very good zone with very small stop-loss and big profit
ETC/USDT waiting for confirmationsHey guys 👋
ETC/USDT has been pretty negative for the last few days but that was expected as well (Due to the fact that it got pushed on weekends which is not an usual thing to do). Currently we are still inside that triangle formation and we would like you to keep in mind those two "liquidity grab" zones. we might be touching them from time to time until we get a clean breakout or breakdown!
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.
Ceiling of the channelBreaking the resistance of the $23.90 area is necessary to continue the upward movement and hit the ceiling of the channel. So this week we can keep this resistance and support of $20.39 in mind.
✴️ The Law Of Alternation | Ethereum ClassicYou remember we looked at Ethereum Classic, saying it was consolidating above EMA100. This is exactly what happened back in July 2022 before additional bullish action.
Currently, consolidation continues to take place above this level.
Are you aware of the law of alternation?
This is another one of Ralph N. Elliot's finds.
It goes like this, in each cycle patterns will alternate, for example:
1) If you get a regular top, the next cycle you get an irregular top. BTC produced a regular top 2017 and an irregular top 2021.
2) If you get a simple correction on the 2nd wave, you get a complex correction on the 4th wave.
3) If you get a short consolidation phase, the next time you will get a long consolidation phase. Alternation.
The previous ETCUSDT consolidation above EMA100 was short in duration, just 7 days, this one is already becoming long at 20 days...
What I am trying to say is that I believe that we will see additional growth in the coming days.
Exactly how many days I don't know and I don't care... We plan, trade and focus thinking of the bigger picture.
Namaste.
$ETC - finally breaking the ResistanceHello my Fellow TraderZ,
Look, $ETC finally breaking out of the ASCENDING TRIANGLE which has been forming on the DTF.
A daily close above the Resistance will take the price to the next levels - $27 - $30.
Mark it.
CHEERS!!!
#etc looks solid for a decent breakout from here
bearish below 22.780
targets are 1st stop will be +15% 2nd stop will be +50%...
clear exit below 22.780
ETCUSDTThe chart shows a large liquidity build up down its support and it already grab the liquidity in the resistance and also grabbing the supply.
ETCUSD ❕ broke up the downward channelTrading volumes are up.
Price has fixed above 50EMA (4H TF).
I expect the continuation of growth after the price has fixed above the upper limit of the range.
Ethereum Classic ETC price is preparing for a "shot up" ?Today, let's talk about Ethereum Classic and the prospects for the ETCUSDT price movement
There are two reasons for writing and creating today's idea:
1. The ETCUSD price has reached the target from the previous idea, showing +50% growth in January 2023:
2. While many altcoins have been actively growing over the past few days, the ETC price has been stuck in consolidation all this time. Usually, breaking out of such consolidations is a powerful impulse. Since the crypto market is currently experiencing an upward trend with hints of a possible correction, we have the following assumption:
ETCUSDT buy zone is in the range of $21.6-23.6 with a possible further strong impulsive upward movement, where t he first target is $32, the second target is $42
ETCBTC has a growth potential of at least +25% to the first strong mirror level from above.
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$ETC about to melt faces! Dino Coins Another great pump might come from this Dino Coin ETC!
Setup is clean, Volume is coming in, and the order of pumps is playing out. Dinos are next!
ETC is a great one for 20-60% Gains soon.
DYOR.
ETC/USDT "Triple Top" spottedHey guys!
Next one on our watchlist is going to be ETC/USDT pair. We noticed a nice "Triple Top" pattern here which is currently sitting near "neckline" zone. On a Daily chart RSI looks still a bit overbought so let's wait for additional confirmation for bearish 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 <1H TIME>HI
ELLIOTT WAVE
The formation of ascending wave 1 and the beginning of corrective wave 2
