ETCUSD - Two Ascending Triangles. Need more time, because both options are possible. Let's see
ETC moving in rising channel. Now it brokeout local r-resist. and si locating above all MA's. So, following the trend. Use Supply zone as target (20.5$-21.5$)
Ethereum Classic (ETCUSDT): BUY: 17.7 Stop-Loss: 15.7 Take-Profit: 19.00 / 21.00 Recommended Trade Volume: up to 10% from your deposit size
This trading idea is based on the signal from Ichimoku indicator. The price bounced from the the cloud and moved upward. RSI confirmed the price reversal. ADX line of DMI indicator rises and it tells us that the bulls become stronger. It's a trading opportunity and we should expect further upward movement. Entry level is above the previous swing high at 19.00...
ETC could have still more potential. ETC is the only alternative to ETH. In the meantime, we have seen briefly 21 USD. We are currently at a decision point. I have developed three trend scenarios for this. For long target: 25 USD and more For short to buy some more: 14.5 USD / 12 USD Let's see what happens. Happy trading. :-) See also:
The market moves between 16.00 and 17.50 levels. DMI confirms range market conditions. This trading idea is based on a breakout from this horizontal channel. If the price breaks 17.50 resistance level, probably it will be a signal confirming further upward movement. We should be ready to join this movement. Pending orders for buy can be placed at 17.65 level with...
ETC broke the short-term uptrend line. $ 18.5 price is resistance level (fibonacci retracement level 61.8%), and this strong resistance level seems to be hard to break. BTC falling can accelerate the decline of the ETC. We can apply the AB = CD pattern to this plan if BTC falls below the previous high $ 4970.
The price bounces from the uptrend line. RSI confirms price reversal and MACD supports upward movement. ADX line rises and it gives a signal that bulls become stronger. It's buy opportunity and we can place pending orders above the local swing high at 16.50 level. Stop orders must be at 14.70 level. Profit targets should be at 20.00 and 22.00 levels.
My TA( weekly) on ETC Finished wave 1 and almost on the end of wave 2. I do not expect the local support line will be broken, but I do expect it will be retested once more before breakout. Classic flag pattern.
I had this chart up and forgot to publish ETC. ETC has been bullish since the cancellation of segwit2x and BTC running sideways. ETCUSDT on BITTREX 1 HOUR TIME FRAME Los Angeles 2:28AM. This only works when BTC is running sideways. I feel like 2 out of 3 times alt-coins fail when BTC is bullish or bearish. The only time I find the best opportunity in alt-coins is...
ETCUSD - traingle, I expect rise, but don't forget about stop loss.
New trading opportunity for Ethereum Classic and it's based on a pennant chart pattern. If the price breaks the resistance line of the pennant, it will be realized as a continuation pattern. We can place pending orders at 14.80 level in order to entry the market on time using a breakout. Stop orders must be placed at 12.80 level. Profit targets are 16.00 and 20.00...
The pennant chart pattern at the resistance level tells us about possible breakout with further upward movement. If the price breaks the resistance line of the pennant, this pattern will be realized as a continuation one. Pending orders for buy will be better to place above the resistance at 12.60 level. Stop orders must be placed below the support at 10.80 level....
ETC-USD - descending triangle. I wait rise
The price bounces from the resistance zone formed by SMA100, the downtrend line and 11.00 resistance level. MACD supports downward movement and we should be ready to see the price at 10.00 level again. At the same time the market gives us a new high which can be used for placing pending orders for buy. If the market reverses and breaks the resistance zone,...