ETCETH trade ideas
ETC could pump anytime.LONG TERM ANALYSIS.
Falling wedge pattern observed.
RSI is showing bullish divergence on daily chart.
If it breaks out on the upper side keep an eye on ETC/ETH .
Target 1 - 0.044 ETH
Target 2 - 0.068 ETH
Target 3 - 0.10 ETH
Note :- Before taking a trade do your own analysis. You are solely responsible for your profit or loss.
Test coming for $ETCWhile $ETC has been looking good (against ETH) for the last couple days, a major test is incoming at the .034 level. I'd like to see it keep rising (one of my biggest bags!), but the TA indicators are pointing to some severe resistance upcoming.
.034 Level:
-Historical support/resistance level for price (white horizontal line)
-Coincides with bottom of Ichimoku Cloud on 1D chart (above)
-Coincides with top of Ichimoku Cloud on 4H chart (price is in the cloud on 4H) as seen below
Other indicators:
-Bearish Tenkan/Kijun Sen cross below the cloud imminent on the 1D chart
-RSI Indicator about to cross into 70% oversold on 4H chart
With all of the above, I'd expect ETC to rise until it gets a rejection at the .034 level in the short term...but I'm still bullish on ETC in the longer term.
ETHEREUM CLASSIC VS BITCOIN: Falling Wedge - ETC shine soon :-)Nice falling wedge reversal pattern - It seems ETC will shine soon.
Risk: 4/5 (due to BTC -5.51% )
Buy: 0.0290
Sell:
- 0.0310
- 0.0360
- 0.0447
Stoploss: 0.0230
Upcoming Events:
- 31.03.18 Desktop Wallet
- 30.04.18 Beta Mobile Wallet
- 31.05.18 ETH compactibility Opcodes
- 31.05.18 ETC Hardfork
- 30.06.18 Release Mobile Wallet
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ETC / ETH - forming downtrend symetrical triangleETC was stopped by bottom border of global uptrend channel and seems it reflected ETC up. On the other hand, ETC is forming downtrend symetrical triangle, which has all chances to dropdown price below 0.030 ETH. So, I expect retesting of global uptrend channel. If ETC fails, the next support level is around 0.023 - 0.025 ETH.
Ethereum Classic (ETC) / Ethereum (ETH)ETC dropped to 0.032 and new support is formed around this value. In case of breaking through that level, price go lower - around 0.030 or below.
It is still possible to ETC complete bearish H&S pattern. However, the probability is smaller. We can also see the beginning of the Bearish Flag. I see this option more real. Another Bearish pattern.
ETC/ETH: resistances and supportsDon't get discouraged by so many lines in the chart. Just watch formed triangles. Each one is possible point of breakout. MACD shows we will probably go close to top triangle (red and orange lines), but then go back to green. And my humble guess is we will be riding green support line until next breakout point.
ETC long opportunityHere you see the uptrend channel that is formed for the ETC/ETH pair recently and price have been playing nicely within the ranges of the channel. Right now price is at the bottom of the channel and we can enter a long position if a nice bounce at this location happens (preferably 4h candle with good volume)
Entry: the top of the green candle (if formed)
Stop loss: If price dropped out of the bottom of the channel
Target: the midjan line of the channel (~0.044 ETH)
NOT A FINANCIAL ADVICE :D
Beware the Ides of March (ETC vs ETH)The chart looks good. The news are good. The market conditions are good. Ethereum is embroiled in disputes regarding recovery of previously hacked funds, EIP865, immutability, purity of chain, code is law. Efforts were made to address these issues silently but after Yoichi Hirai's resign, the issues have surfaced with more intensity. It is likely that some of those chauvinists of code is law and an immutable blockchain will move to Ethereum Classic. It is gaining momentum and is also lucrative for miners. Ethereum Classic has Callisto airdrop in the first few days of March. Also, on March 1, there are two more important events: 1. Adoption of Monetary Policy 2. ETC Investment Fund. All these developments point to an increasing interest in Ethereum Classic and I wouldn't be surprised if ETC reaches a price of 0.5 ETH in a few months' time. At the time of this post, 0.5 ETH is worth $432. You're welcome to check my post about $500 ETC price by end of 2018.
ETCETH Opportunity Still Exist, Several Pivots ConfirmBuilding on last idea and cleaned up chart . Same information as previous (linked) except a few extra confirmed pivots. Stop moved up from 0.0368 to 0.0398, assuming a 1-2 is in and another 1-2 (small) is being put in, stop under the 0.786 of the smallest, most recent 1-2. As with all alts, upside movement is most often associated to non "crashing" of the big 2, eth and btc that is.
The red dashed lines are where the algo's will most likely sell off if they aren't closed out.
Price correlation chart.
www.sifrdata.com
4hr
Last idea (same as this one)