#ETC/BTC TA Update :-
#ETC after breakdown it dumped almost -50%
Bow again good time to enter in this trade.
Now trading at support level.
Entry:- 3000-3200 Satoshi
Targets :- 5125/8220 Satoshi
Stop loss:- 2990 Satoshi
Support :- 3000 Satoshi
Resistance :- 5125/8220 Satoshi
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ETC is testing an important support level and is resulting in bitcoin turbulence. It Would be a great opportunity for open long if it does a reversal candlestick pattern on that level.
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-Ethereum Classic broke the local support at 6174 sat range
-The price started falling further, If we look at the chart
-We can see the Key support is located around 5000 area
-This zone will be crucial for the Bulls
-But will be another buying opportunity for potential strong bounce reaction
-Aggressive traders will start scaling in at 5000 area to hit a...
-strong key support at $6
-holding above the 200D MA
-immediate key resistance at $7.6
-if we see a break and close above resistance
-Long orders are our priority position
-upside target is up to $13
-stoploss should be placed under $7
-starting to break the local line resistance
-we might see a retest of the trendline to flip support
-if the price breaks 6.9s, signal to buy order
-target is the recent top at 7.6s
-stop level is set at 6.5s
ETC just shifted the 4H trend to an uptrend market after breaking a minor resistance line and making a fresh Higher High.
If we see a pullback down to 8000 sats area, it will a good opportunity for Long entries and target the upside range 9000 sats area.
The key stop-loss is below 50MA.
ETC may have temporarily found support at 7100 sats regions and manages to break the trendline resistance.
This is a good sign for ETC bulls in the short-term but the battle is still too far.
There is a lot of trading action needed to shift the tide.
ETC needs to hold current levels and must not close below 7100s because
this will invalidate the...
Heiken ashi in a chop range but still looks like it could be upward continuation
Renko on the bottom is showing a double bottom cup pattern
Order book seems in favor of the bulls
I don't have a crystal ball but if this trend continues I think we could top out in the mid $20s but that is just complete speculation based off Fibonacci extensions
For all the geniuses that trade ETH pairs, here we are looking at Ethereum Classic vs Ethereum (ETCETH).
We have a dropped that stopped at 0.786 Fib. retracement support, so a potential bounce is in play.
Below this level, marked blue on the chart, prices can easily move lower. While above this level we start to see the bullish potential.
The MACD and RSI are...
ETC is pretty clear and my previous warning was a top call. It would seriously surprise me if we'll see a new cycle high (>13.181) during the next few weeks.
This is just a reactionary bounce that will fail around $10