#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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AS ETC continues its multi-year down trend, I am seeing signs of investors longing the bottom (notice the ever-increasing ADL... which I assume are buyers since we are at such depressed prices). Also, notice the increase in volume. The circled fractals appear similar and preceded the prior 2019 ETC price pump. The HV indicates VOL is contracting since the...
On D1, the cloud is directing upward, indicating an uptrend. You can visually see how the triangle price correction model is forming.
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 - $5,5, and the...
ETC is going to retrace back after being rejected from weekly level on 1st test at 7252.
The candles followed three levels. ( Middle Trend Line, Bottom Trend Line and Monthly Horizontal Level).
The middle trend line acted as resistance throughout the downward trend, where as bottom trend line as well as at times monthly level acted as a support.
We can call...
On D1, the cloud is directing upward, indicating an uptrend. The price also broke the downtrend line at D1.
Locally, we recommend buying when the RSI reaches an oversold level on the H4 near the Fibonacci level of 61.8%.
At H4, the cloud is directing upward, indicating an uptrend. The RSI is not far from the overbought level, indicating a...
Bullish Divergence can be seen on 4 Hours timeframe. If you are taking this trade, use tight stop loss and manage your risks. Profits can be more than expected. It's better to have precaution and Bitcoin is showing some unexpected movements too.
If there is confirmation above the line it could show some massive moves, If you want to hold this trade for long. Book...
The visually visible upward channel, the borders of which in the near future will be tested by the price.
The ETC price is trading below the Ichimoku cloud, indicating a local correction.
RSI is near the oversold level, indicating the possibility of a change in trend.
We recommend buying from the key Fibonacci support levels of 50% and...
ETC is very similar to other altcoins in USD pair, we have the price above the short term uptrend line and seem bullish, but we got an important resistance level around 7.64.
That's will be my target in the short term, if we break we can think the target around 9$ in the next few days.
Best regards, Sandro, and Gustavo.
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