Hey, looking at some further downside for ETC - what do you think?
According to the drawn channel, the price has broken the channel to the bottom and will continue to fall if the support range is lost. And in case of support, there is a possibility of returning to the channel. Its not Buy or Sell SIGNAL DYOR BY : M.TeriZ - @AtonicShark
The price went from $14 to $45 at a rapid pace, but the power of the sellers is very strong so far. In my opinion, this static support of $25 to $24 will be broken and the price can reach the low support of $18. Maybe buyers will enter from here.
it looks very weak on major resistance. so high possibility to fall through and go down further however will wait to see confirmation. usually on most retest it is always a decent buy but on this occasion I will wait it out. with Market looking shaky. trade carefully. what are your thoughts guys?
I think we will move down soon, I have marked my desired target on the chart
✅ ETC is moving in the support area. The price is accumulating and a rebound is possible soon. I expect growth.✅ 🚀 BUY scenario: long to 30.88.🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
The fall in the ETHEREUM Classic price is happening on lower volumes. A modest update of the lows and something like a downward wedge is formed within the correction. Usually such a pattern later acts as a continuation of the growth trend. We think that in the area of $26-28 it is logical to try to take the longs of the ETCUSDT. Sooner or later the ETC price...
ETC is sitting on a support zone generated in August on the 4H time frame. A rebound is possible if these price levels hold. Trade with caution
The yellow horizontal on this analysis provides a great support for this preemptive breakout structure Price has extended itself to the top of the descending megaphone From here a breakout of this megaphone and in turn the flag like structure continues the breakout on a timeframe such as the Weekly. This is the daily timeframe.
Enter short positions for ETCUSD. ETCUSD has been consolidating for awhile. Retest to the parallel channel is unlikely. So, look to enter short positions.
I think after some consolidation at this no man's land we will come down to the last 12H BULLISH OB, wich is in confluence with the Golden POCKET. In this zone i would like to see some fakeout type move from this actual channel into the previous mini range POC, and from there a big reaction to the up move, and I think, if this SCENARIO is correct, then my target...
So close. LTC had 2 clean bounces above the range and is eyeing for $60. We have hidden bullish divergence on 15min so let’s see how much it can contribute and If she can break through…
The market is accumulating momentum to reverse the trend and will soon test at least one of the resistance levels indicated on the chart.
✅ETCUSD is moving around the support level. Several lows have already been formed at this level, after which the price bounced up. I expect a rebound and growth.✅ 🚀 BUY scenario: long to 30.88.🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
I don't think Ethereum Classic is ready to rise yet, and it seems that the correction of this currency will continue
I went back to when Ethereum Classic originally forked from Ethereum back in the day and wanted to see what the price action was like then to see if I could compare it to the new fork ETHW. What do you know the fractal looks eerily similar just on different time frames. Might be a good potential long here on ETHW. This is not trading or financial advice this is...