ETCUSDT.P trade ideas
ETCUSDT CRABCrab
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
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ETC/USDT possible Double Bottom? Hey guys
Let's talk about ETC as well while we looked at ETH today. First thing that we see here is "double bottom" pattern which has reached the neckline zone. Seems good indicator for possible bullish movement so here we suggest to wait for any confirmation from candle movement before entering the trade!
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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 - The classic twin bottom pattern is formedOver the past two weeks, ETC has recorded a range trend at the support level of $14.71. While swinging on this support, the classic double bottom pattern is formed, and if the neckline resistance of the pattern is broken, i.e., the break of the $16.75 to $0.17 range, we can consider the pattern confirmed. The price target after confirming the pattern is considered in the range of 18.90 to 19 dollars. Because this resistance is outside the short-term descending channel, we can have a mentality of possible breaking of the channel ceiling.
Of course, this breaking could be fake because in the current downward trend, the power of the bearish candles is greater, and still, because the pattern's neckline is broken, the trend in the 4-hour timeframe can also be bullish. Therefore, pullbacks will face demand for support. The downtrend line on the RSI is being broken, which could be a good sign for this week. Of course, if the last daily candle closes well, we expect this upward movement.
✴️ Ethereum Classic Part 2 | Can It Go Higher Than $45?Part 1 is the July/August 2022 bullish wave...
It is hard to believe but its been more than 4.5 months since the last high.
Cryptocurrencies tend to correct for 2-3 months, normally... This time it has been already 4.7 months and we are still within a higher low.
What this means is that the next bullish wave is overdue.
Even on another shakeout, it gets closer and closer with each passing day.
Higher lows lead to higher highs... So there is potential for Ethereum Classic to go above $45 .
See the chart for additional information.
Namaste.
Ethereum classic ETC has almost reached the bottom!Hello, traders!
Last couple of days we told about we told about crypto assets which have to dump significantly before reaching the actual bottom. Today we have Ethereum Classic which in my opinion has only 20% potential dump before the new bull run .
ETCUSDT showed the wonderful corrective wave C which caused the FOMO and hit $45 , but after that the ending wave 5 became the huge disappointment for hurried traders. This wave has the clear internal structure. Minimal Awesome Oscillator value helps us to find the bottom of the wave 3. The entire cycle can be drawn using the wave 3 point. I suppose now ETC is in wave 5 inside wave 5. It has the natural target $12 where I am going to buy this cryptocurrency.
Even if Ethereum Classic is a scam the buyer reaction is anticipated from this level because it’s the huge liquidity are. The guaranteed target is the 0.61 Fibonacci at $30 , therefore we can make an easy 2x . I am going to execute this trade.
Best regards, Ivan
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ETC/USDT Bullish flag is formingHey guys ✌️
ETC/USDT is another coin we see that might spike soon. There is a good possibility for ETC token to show some bullish movement after forming that bullish flag just below our EMA levels. We will wait for additional confirmation here before entering a position
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ETC: Price Finally Completed a Bullish Harmonic PatternETC: Price Finally Completed a Bullish Harmonic Pattern
After so many days the price completed a harmonic bullish pattern
which I have shared before.
Trading volume is very low since FTX dumped the entire crypto market.
However, the price completed this beautiful harmonic bullish pattern
and it can be a good signal that the bullish wave should be ready soon.
PS: If all will be well regarding the fundamental outlook of the crypto market the price should rise again from this point.
Targets:
🎯 20.46
🎯 22.46
🎯 26.63
🎯 31.25
🎯 39.30
Thank you and Good Luck!
ETCUSDT wants the pullback?The price is testing the resistance after the price had a false breakout from the dynamic support.
How to approach it?
IF the price is going to have a breakout and retest the local resistance as new support we could see a pullback until the 18$ area, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
✴️ Ethereum Classic Weekly | Falling Wedge Clear Picture (120%) It doesn't need any analysis does it?
Ethereum Classic (ETCUSDT) on the weekly timeframe gives a clear picture.
We have the classic falling wedge pattern and a perfect -9 on the TDs showing up.
We have a long-term higher low when looking back at June and the value area also points up.
No need for more analysis... Over 120% possible in 2023 Q1.
Namaste.
Coinbase to delist Ethereum Classic ETC from Coinbase Walletpast chart
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
ETC/USDT short
Entry Range: $19 - 20
Price Target 1: $16.77
Price Target 2: $14.24
Price Target 3: $12.82
Stop Loss: $23
ETC/USDT waiting for entry zoneGood morning guys
Next one on our watchlist is going to be ETC token. Well we won't talk much here - we see that we need to exit this yellow zone for our next movement to happen so that's what we are going to wait for. Here we would like you to take a look at BB indicator and EMA zones before entering any position on this trade!
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 - Technical review and analysisThe price of Ethereum Classic is in a downward trend in many timeframes. A decline in price to the considered support levels is expected. The first support range is $17.75-$16, and there is a possibility of breaking this level due to the lack of buying power.
Therefore, closer but more important support is considered in the range of $14.90-$16. If the price hits this level and forms a possible positive divergence, we can expect a positive swing from This range to be seen up to the ceiling of the descending channel. This support area overlaps with the midline of the main descending channel, and given that the biggest bullish wave of the past few months started from this level, a return to this area could activate some dormant buy orders. We expect the price to return only in case of a good and strong reaction.
Ethereum Classic(ETC) is preparing for the fourth BIG move!As you can see on the chart that my indicator showing Ethereum Classic is preparing for the forth Big move!
The first volatility warning signal happened on June 10 with the drop of 35.90%
The second volatility warning signal happened on July 17 with the pump of 212.75%
The theird volatility warning signal happened on Oct 11 with the pump of 23.78%
The fourth volatility warning signal has been maturing.....
I am not going to predict the direction of this movement.
I will follow the trend when there is a big dark(red) or White(Green) occurs.
ETC potential inverse H&SHi everyone,
I will appreciate for ur activity. Thank you!
We have potential Inverse H&S and I think that after some consolidation we will continue to rise into our main resistance zone .
Targets: 22 - 23 - 24.5
Stop: 17.5
RR: 1 to 3
I hope my work suits you and you are satisfied.
DYOR!