Ethereum Classis (ETCUSD) is having an incredible +65% rally these past 4 days that has emphatically broken above the Bear Cycle's Lower Highs trend-line for good. Despite this remarkable rise, the price is still vastly undervalued below even the 0.382 Fibonacci retracement level from the All Time High (ATH), thus it has a huge upside potential. The next critical...
12h time frame - ETC is still under the downtrend so far. The best entry is wait for breakout and retest the structure. TP: 38 SL: 16.8
Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern. You can argue that the July 29 High and the Lower Highs that...
Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now. In fact, it is struggling to break above the 1D MA200...
Ethereum Classic has had a +45% rise in just the past 2 days and is currently testing the 1D MA200 (orange trend-line). That level has been intact since the November 10 2021 Lower High. Unless the 1D MA200 and the Lower Highs trend-line just above it break, ETC won't reverse the long-term bearish sentiment and will continue trading within the Channel Up that...
My view on ETHUSD | Ethereum Price Prediction Based on the Order Block from H4 time frame.
On 9th August , we have signal to buy ETC/USD on spot or small margin around 53-54 usd which is strong support area, also when RSI on H1 touch the 30 zone (oversold zone) Trading plan : buy ETC around 53-54usd when it pullback to the strong support zone, move stop loss to entry when have profit, target TP1 : 56 usd TP2: 58 TP3: 60
Ethereum Classic broke this week above the 1D MA50 (blue trend-line) for the first time since June 04 but has so far failed to convincingly close above it. However there are a few bullish indicators to keep an eye on as a rally may be in the making. I have used the Pitchfork to illustrate a few key trend-lines. First I'll start by highlighting the significance of...
Wednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30% From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards 80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level and...
ETCUSD Perfect double bottom was formed around 40.00 from this level its jumped almost 100%. Previously the 200 Exponential moving average was acted as resistance around 115.00 and now 200 EMA has turned as dynamic support for the bullish run the trend line was already broken.The primary target would be 115.00 and the extended target would be 135.00. We can set...
right now as we can see ETC confirmed a first breakout for the last resistance it bounced from , we can see a daily candle will be closing above it. however let us take a look on the situation from a longer time, we can realize that ETC is not a garbage coin as we all thought it was just consolidating for a huge movement in 2021 ! as per the chart the main...
Pattern: Downward break-out of parabola on 1D. Signal: Bullish once the price approaches the 0.500 Fibonacci retracement. Target: 18.500.
Ethereum Classic is extending a strong rebound after the December 17 low, which on a 12-month basis appears to be the bottom of this cycle as the bounce happened inside the 3.300 - 3550 1M Support Zone. Even the RSI sequences of the (Dec 2018-Feb 2019 with Nov 2019-Jan 2020) are similar. So what's now then for ETC? In my opinion we should focus on the Symmetrical...
The price action of Ethereum Classic / US Dollar is forming bullish Butterfly pattern and soon it will be entered in potential reversal zone. This PRZ area can be used as stop loss point in case the complete candle stick closes below this area. I have used Fibonacci sequence to set the targets: Buy between: 4.027 to 3.378 Sell between: 5.025 to 6.767 Enjoy your...
TP1-2 & stop loss listed on the two green horizontals and the red horizontal, respectively. Cup & Handle formation signals window for a nice short. Not too late to buy entry before FOMO! TP1: $7.30 TP2: $8.179 Stop @ $6.189 What a beautiful day for both NYSE && CoinMarketCap =] Disclaimer Not financial advise. -@a1mTarabichi
After completing the medium term symmetrical pattern (Head and Shoulders) with a Right Shoulder peak near 8.000, Ethereum Classic is now again approaching its long term 1W Higher Low trend line (dashed line) that has supported the Bull Cycle so far since the start of 2019. With the 1D Support Zone also just below, I am expecting an even stronger rise this time...
Pattern: Head and Shoulders on 1W. Signal: Bullish as the price hit the 1D Support Zone. Target: 8.000 (symmetrical shoulder top).