ETCBTC Technical Analysis 40% target projection.You can see the Chart of ETCBTC on Daily Timeframe.
Right it is in downtrend line which may break up like BCCBTC
Market Break the falling wedge pattern.
Now Moving in Sideway.
Right now We can see the 3 Resistance level and 1 Support Level.
1 Resistance level: 0.001554
2 Resistance level: 0.001636
3 Resistance level: 0.001850
1 Support Level: 0.001378
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
Etcbtcbittrex
Ethereum Classic Another Ride Up!As the crypto bull cycle seems to be almost over and Bitcoin is looking to finish its last wave up we should be looking for that one last trade which can bring us gains... I have been looking at the market whole day and looked at many coins but most are already finishing their wave up just like Bitcoin however when I looked at ETC I saw that there is bullish divergence on my indicators and it has just got out of the descending channel with a reversal pattern. So just recently ETC pumped due to the listing news on Coinbase and then dumped retraced so if we stick to our reversal pattern we should at least go to the peak we have made due to the news so that is short-mid term 15% or more gains and as we know that the crypto bull cycle is at the end ETC is a really good one because when we reach our targets we can sell it to USDT and to fix our profit and look for re-entry in Bitcoin because when Bitcoin is finishing its cycle up and is looking to go down we shouldn't go into any trades in crypto but fix our position and wait and enjoy the gains we made in this cycle ;)
Good Luck, Traders! #moon #mooncommunity
$ETC #ETHEREUMCLASSIC - UPTREND CHANNEL - enter it or leave Hello Lads and Ladies,
Today we are taking a look into the highly discussed ETCBTC chart. It got listed at coin base a few days ago and since then it is starting to rocket again, but what is happening, what are the goals and where can we ETCBTC expect?
So, taking a look at the chart we can see a huge push from December to mid February - this is where we apply the fibonacci retracement, which was very well respected all along, you can confirm that with the biggest support and resistance lines being at those levels.
In the next step, we can see ETCBTC forming a big channel around mid March to May indicated in yellow increasing lines. The upper line, was a short time support after the huge drop and has turned afterwards to a resistance. The lower yellow line, has been a strong ascending support during the indicated time.
Nevertheless, after one last big push over the yellow dotted line (also being the 61.8% fibs line) in the beginning of may, it started a very strong downtrend, crashing through the yellow dotted support and resistance and then going straight through the ascending support.
It bounced from the crucial support, which is indicated with the green dotted line and got rejected at the ascending support line that has now turned into resistance. Being located at the crucial support it got a little abandoned and the volatility was very low and even then getting lower for almost more than a month. After that it just really wrecked when the whole market was taking a bloodbath going down to a support line even lower than the previous.
ANYHOW, almost miraculously coinable announced listing it and ETCBTC just went on a straight rocket trip. Retraced and formed with getting higher lows a nice wedge, from where we saw a second breakout smashing once again through the yellow dotted line and testing the ascending support from the previous channel, that is now a resistance.
So, here are possibilities, of what might happen next.
1) We see the same shenanigans happen and after going through the yellow dotted line, getting rejected at the previous ascending support ETCBTC will get into a new downtrend and get back to the previous crucial green dotted support.
1.5) Basically the same, just that ETCBTC will get down the horizontal white line which was a wedge resistance before the second breakout, forming a cup and handle from where it is going to bounce back up and test the uptrend channel.
2) ETCBTC will smash through the (yellow) uptrend channel support and will enter this channel, staying there and following it for quite a while after doing so.
2.5) It will come down to the yellow dotted line, accept it as a support, continue sideways for a few days so the RSI can adjust again and then following the ascending white support, smash into the channel and continue its journey in this nice not too steep channel.
This is also the scenario that I am signing up to and if this support holds, I am getting myself some more ETCBTC. Does it not hold, i will be looking for the cup and handle formation, which would be for me the last deciding point of getting out, if it fails.
Also, please never forget the possibility 3) ETCBTC will make a barrel roll...
Cheers, Tomas
Etherum Classic (ETC) potential breakout point aheadIn addition to my 4h analysis I added a 1-day TA.
Potential breakout point for $ETC $BTC pair. Rising channel also approved in 1-day chart. The upcoming hardfork of #ETC #CLO ensure a solide and steady rise (naturally growth - no P&D).
