ETC and reduce the volume of transactionsDue to the continued decrease in the volume of transactions and the inability to build a higher high, if the $29 support fails, the price can continue to drop to the $24 level.
Etcusdsell
ETC /USDT has a nice short term setupi think that for the next couple of days ETC will move inside a 10% channel.
i will enter a short around 44.30$
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 USDT DOWNTRENDThis is weekly chart for ETC.
Price is in a sharp decline for the last 6 weeks losing around %50 of its value.
But there is no sign for a bounce just yet when you check out MACD, RSI or BB.
If price cant break 29.27 resistance level, we will go back down to 24.51 area which is a significant support area.
24.51 - important support
If we cant hold it 24.51 as a bottom in the weekly chart, we will experience a sharp decline.
Targets are as follows,
20.52
18.56
16.27
14.63
12.77
11.54 being the strongest one and will be a good accumulation zone if price ever get there.
ETC is one the altcoins that pumped hard a year ago.
It is a high volume coin which investors can trade on any major platform.
Therefore investors can buy and hodl for the long term. But buy price important. Right now investors should wait before making any risky decisions.
Thanks.
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💥ETCUSD - TO DIP TO $43, THEN PUMP TO $90Etherum classic as we can all see is in a downtrend with five (5) credible resistance trendline and two (2) credible support.
Sellers are still winning the battle. Therefore, I expect etherum classic to dip to $43 and pump to $90.
Let's wait and see what happens.
What do you think?
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ETCUSD further bearish correction aheadWednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30%
From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards
80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level
and primary target would be 35.00 Place your stop lose above 90.00 which is expected 200EMA resistance
ETCUSD: Analysis using Ichimoku 22/07/2020H4
On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming.
Conclusion:
We recommend selling from the upper line of the triangle pattern when the RSI reaches the overbought level again.
Also, we recommend to close sell and open buy when the price reaches the range of $5,8 - $5,5, and the RSI reaches the oversold level.
H1
At H4, the cloud is directing upward, indicating an uptrend. RSI is in an undefined state.
Conclusion:
You can try to sell with a short stop loss when the RSI H1 reaches the overbought level. However, it should be borne in mind that the upward movement may be higher for H1. A great option is to sell according to the H4 scenario from the upper line of the triangle.
In the medium term, we should expect the price to rise to the level of $8, possibly higher.
ETC: Analysis using Ichimoku 06/06/2020H4
The visually visible upward channel, the borders of which in the near future will be tested by the price.
The ETC price is trading below the Ichimoku cloud, indicating a local correction.
RSI is near the oversold level, indicating the possibility of a change in trend.
Conclusion:
We recommend buying from the key Fibonacci support levels of 50% and 38.2%.
H1
Visually, the border of the downtrend is clearly visible.
The price slowly declines below the Ichimoku cloud.
The RSI is near the oversold level, indicating a possible end to the downward movement.
Conclusion:
We recommend buying when the RSI of the oversold level is reached, and also continuing to buy after the price is fixed above the downtrend line.
Good luck!
ETC THOUGHTS$ETC
I'd cut longs here, bearish divs into HTF resistance; I'd look for a pullback into range POC (yellow).
ETCUSD (SHORT) C&H signals higher high TP1-2 & stop loss listed on the two green horizontals and the red horizontal, respectively.
Cup & Handle formation signals window for a nice short. Not too late to buy entry before FOMO!
TP1: $7.30
TP2: $8.179
Stop @ $6.189
What a beautiful day for both NYSE && CoinMarketCap =]
Disclaimer
Not financial advise.
-@a1mTarabichi
Trading plan ETC/USD 2.26.2019After the candlestick fixation of the model "flag" abroad,sell short with a target of 3.8.
ETCUSD Bearish or Bullish ?Hello Guys! this the chart of ETCUSD 4H.
Points to monitor -
1. on the 4 Hour Chart conversion line crossed up base line below the cloud this is sign that market is recovering and you should close your short position. On the daily chart conversion line is still below the base line.
2. on the daily chart moving averages are little away from price, if indicator show momentum ETC should touch MA on the daily chart.
3. Stochastic RSI is showing overbought on 4H chart and a little movement in the daily chart
4. Now we should look at the resistance 12.238$ and 13.668$
Ethereum Classic (ETCUSD): 3 key info. to keep in mind.An update to the previous post on Ethereum classic is given below with commentary provided based on the numbers marked on the chart.
(1) Bullish price channel (also shown in the previous post) in pink dotted lines had a false breakout to the downside on July 24, 2018 with price returning back inside the channel. A second attempt at breaking the channel to the downside occurred on July 31, 2018, with a break below the channel implying further movement to the downside for Ethereum Classic (ETCUSD).
Also, price action in this analysis from July 07, 2018 to current date is captured with a descending triangle chart pattern which is ideally bearish, albeit not 100% of the time.
This also supports the fact that price broke below the bullish channel and so to expect Ethereum Classic bears to overwhelm the bulls.
Lack of price action closing below the descending triangle, but instead closing above ~$17.04 would indicate a pattern failure for the descending triangle which could result in higher prices for Ethereum Classic.
(2) Support region between ~$14.72 and $14.18 that is expected to offer support should Ethereum Classic close below ~$15.83. Price action moving below $15.83 could result in price targeting the lower support region i.e. (3) between ~13.21 and $12.24.
Ethereum Classic analysis: 4 major considerationsThe Daily tf chart of Ethereum classic (ETCUSD) is shown in this analysis with chart patterns annotated and discussed below in an ascending order:
(1) Major trendline in Ethereum classic since inception that is still currently active with the most recent pivot used to draw the trendline being price close of ~$12.54 on June 11, 2018. A break of this trendline to the downside could result in a sharp downturn in the price of Ethereum classic.
(2) A horizontal (range bound) channel between ~$12.94 and $25.53 that has been active since ~April 06, 2018. A breakout above the top of the channel could see the price of Ethereum classic reach about $38.12. Price reaching and/or slightly closing above the top of the channel and failing to continue the bullish momentum will establish a possible rectangle bottom pattern.
(3) A rising channel inside of the horizontal channel (i.e. number 2 above). Price breaking below the bottom of the channel could see Ethereum classic test its major trendline around $14.06, while a break above the top of the rising channel could see Ethereum classic reach ~$27.05, which is just above the top of the mentioned channel ($25.53) in number 2.
(4) Support between $12.94 and $9.42. This also coincides with the major trendline and therefore indicates strong support for Ethereum classic. A break below $9.42 could result in a price collapse till ~$2.
Limited downside potential for Ethereum Classic (ETCUSD)?:4hr tfMy previous post for Ethereum Classic (ETCUSD) can be found here:
It was mentioned in the previous post that Ethereum Classic (ETCUSD) was expected to continue selling off and likely target support as indicated in the previous post. Ethereum Classic (ETCUSD) at the time of this post is consolidating just below the support region (also shown here also with horizontal red lines as in the previous post).
Price action from ~$25.32 on May 7 2018 to the time of this post has been updated and identified as a 3 wave zigzag Elliott wave structure. Target area for the termination of the structure is indicated on the chart (~$14.51 and $13.67).
Point of invalidation (POI) for the current scenario is a price close above ~$18.23 at which point wave (iv) would have overlapped wave (ii) for the current minute wave ((c)) position.
Wave analysis for Ethereum Classic: 4hr tfMy previous post for Ethereum classic can be found here.
It was mentioned in the post that that a deep retracement was possible for Ethereum classic (ETCUSD) before the resumption of a sustainable uptrend. That is what Ethereum classic is working on currently as prices are currently in a downtrend on the 4hr tf.
Besides, the previous analysis expected a slight bounce off of either support 1 or support 2 before further selling continued.
Ethereum classic rather continued to sell off, taking out support 1 white it is meandering around support 2 at the time of this post. Price swing on the 4hr tf from ~$25.32 on May 7, 2018 to ~$16.93 is identified in this analysis to be part of a double zigzag Elliott wave structure that is not yet complete.
A possible termination point for the current downtrend is indicated on the chart with horizontal red lines (~$15.90 and $15.66). Failure of Ethereum Classic to hold support at the red lines could see prices return to test $13.75 region or even lower.
Classic. Good Triangle and Buy levels
in the last idea we considered with you a triangle out of which gave us 6% profit. Now I have shown you the approximate levels for purchases
