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ETCUSD

Ethereum Classic's faltering rallyLong term I am bullish on Bitcoin and Cryptocurrency. Short term, I think we are likely to see a rapid sell off to around $16.6k. When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken shorts on two other cryptocurrencies, that I have priced as over valued. 1) I believe Ethereum Classic (ETC) is currently overvalued, due to a recent rally spurred by Ethereum's (ETH) 2.0 network upgrade. ETC has been pumped with the sales pitch >> ETH miners will move to ETC, dragging over a significant portion of the ETH user base over. This is not likely in my opinion and therefore the rally is not supported with fundamentals. I foresee a sell off to the $18-20 range, a range in which I will close out my position. Current trade entry of $41.60. 2) The second short is Optimism (OP), a relatively new cryptocurrency that has been pumped from $0.50 to $2.30. Even considering it's retreat from $2.30 to $1.15, I see a further pullback to $0.80 likely, maybe $0.60 will see. Entry of position at $1.46. Best of look out there. RISK: Crypto might rally with the upcoming upgrades of both ETH and ADA.
BINANCE:ETCUSDShort
by FortunaAlgoAnalytics
3
ETC/USDT 4HOUR 😊Hello to the respected members of TradingView 🥇🎯 Ethereum Classic was able to break its 200 EMA to the upside again. Currently, the price of Ethereum Classic is hitting the ceiling and floor of the blue channel, and the price has also reacted a lot to the midline of the blue channel, so the blue channel has high credibility. If the price stabilizes above the $45.70 level. It has the ability to achieve the targets of $51 and $57. Otherwise, the price with the break of the $31 level and also the break of the green daily trend line, the level of $28 and the daily support of $25 is the barrier to the price of this currency. Arztoday Team 🎗
by arztoday
Ethereum Classic (ETC) - September 6Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETCUSDT 1D Chart) 1st resistance: 40.76-43.40 2nd resistance: 47.10 1st support: 36.26, 2nd support: 30.50-32.78 The interval 36.26-47.10 is the interval that determines the trend. Therefore, the key is whether the 36.26-47.10 section can be supported and rise. In particular, we need to see if we can move above 40.76 to break out of the medium-term downtrend line. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (33.15). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 67. Take Profits: TP1= @ 35.47 TP2= @ 38.11 TP3= @ 41.22 TP4= @ 45.72 TP5= @ 48.31 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (33.15). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 67. Take Profits: TP1= @ 35.47 TP2= @ 38.11 TP3= @ 41.22 TP4= @ 45.72 TP5= @ 48.31 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
ETC Scalp Long📈ETC is nice candidate for long since: ⭐️ BTC has similar trendline ⭐️ Accumulation 3 days ⭐️ 4th approach ⭐️ Volume at bottom ⭐️ Stoplosses are close ⭐️ Retested important zone ⭐️ 40 ATR ⭐️ Over VWAP Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
Long
by Artem_Dishel
6
ETC/USDT - 27.08.22 - Market UpdateHello Traders! ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe. If the price downtrend continues, it will be interesting to consider buying. The range for asset accumulation will be a zone of $11.30-14.50. The targets will be the levels of $29.00 and $44.50 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ETCUSD
by UnknownUnicorn10064030
1
ETC USDT - Patience is KeySeveral weeks ago I proposed a technical analysis trade setup for Ethereum Classic. First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation. We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel. Channels are lovely when you discover them, as they give clearly defined entry and exit zones as well as easy invalidation in the event you are wrong. On the 25th of July, as I conducted this initial analysis, two proposed trendlines were drawn. In the first example, it seemed as if ETC was at resistance and that entry at that time would have been wise. I decided to be patient however, and wait for price to prove to me that my analysis was correct. I'm glad I was patient, as ETC has seen further upside pressure. Most of this is fundamental: as ETH moves toward The Merge, miners are panicking as their cash cow is about to exit. While there is much talk about forking ETH, with one version becoming the new PoS Merged System, and the remaining one the current PoW version. However, Ethereum Classic is already an ETH-miner friendly chain. It is the original ETH PoW chain. Therefore, the idea is that many miners in anticipation of the merge will begin porting over to ETC instead. This idea seems to have merit. We now have a clash of fundamental and technical analysis. The technicals show-case a wonderful short opportunity, however the fundamentals hint that much more upside could be in store for ETC. In this situation patience is key. We need to wait for price action to show us that the selling has begun, and trigger our entry into this short position. I'm waiting for price to break down below the red zone, at which point I will enter into my short position. Targets and stop loss are clearly marked on the chart. Feedback and thoughts are much appreciated.
Short
by CrackingCryptocurrency
Ethereum Classic forecast and signalLearn and Earn! After breaking the price of 42 USDT and confirming the break. Confirmation of the break of resistance or support in this 1-H chart; that is, the bar (or candle) closed at the top of the resistance or support price, as well as the next candle, growing at least around 5 pip ( in forex usually call it pips ) or units ( 5 pips in cryptocurrency is around: 0.10%) more than the maximum price of the last closed candle. --------------------------------------------------------- Please pay attention! First: Trades have a time term , and in this case, it's from now until the next 24 hours. (You can also see it in the diagram) Second: You can see the entry price in the chart. So for this one, the trade is activated when the price reaches and crosses $42 (USDT) Before the price crosses the mentioned place, the trade position is not active. --------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
by Arash-RK