Weekly Bullish Watchlist 2Potential continuation patterns:
Ethereum Classic,
ARPA Chain,
DASH,
TRON.
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
ETCUSD
ETC 1D There is interest in the coin, but for how long?From September to mid-November - 2.5 months, the accumulation of Classic continued.
As a result , a powerful shot upwards by +60% at decent volumes.
However, the previous high could not be updated, although the global target, where sellers should drive the price, is in the range of $9.70-10.
Now a few scenarios for the coming days-weeks:
1) ETS fixes above $6.40 - the result is: continued growth to the zone $7.40-7.80 , where sellers should become more active.
- if sellers cannot protect the last bastion $7.40-7.80 from the invasion of buyers, then the price will be broken up to the zone of $9.70-10.
2) the most pessimistic forecast is that if buyers do not have enough strength even to fix above $6.40, then the price may fall like a stone downward. The level $3.50 is waiting.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ETC Looking BullishHi Guys
Another big cap project is ETC which was dumping from Feb 2020, so rightnow here is looking bullish and many things are here which are indicates that we can take long position from here.
The first is on 4hr chart we can see IHS pattern and also double bottom and the SL will be 0.0003050 if 4hr close below is this level.
Short term trader also can take long position from it level. TP will be 0.000405
Cardano ADA price Analysis 2020Cardano one of great coin to discover.
have a good luck.
1 of the cheapest coin favour by people.
Its founder and CEO Charles Hoskinson calls it a third-generation cryptocurrency, meaning that it already has some of the features that earlier cryptos are struggling to implement.
ETC/USDT - $11 targetETC broke the resistance of over one year, now we are re-fueling for the inevitable bull run. The crypto market is heating up and many alt coins will start running soon and make significant gains. ETC is no different.
Top target is $11, however until that level is reached expect to hit $7, that will confirm the run. Each level on the chart will also be a resistance point where we may get some choppy price action. See $7-8-9-11.
Expect a break-up in the next few days, unless BTC decides to correct 20-30%.
ETCUSDT - Fast onccoming speed.Price sharply oncoming to the level without range and kickbacks. A good signal in the price movement will be:
1. The closing price of the next day's candle is higher than the High of the previous day"s candle.
2. Candles have short shadows.
3. The price moves inside the channel, quickly overcoming the distance from High to Low of the channel.
4. The price has left the channel and is moving towards a strong level.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
ETCUSD 1D RANGE TRADINGRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
ETC/BTC Bullish Chart and Is it Good Time to enter..?#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
Please Click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.