In my opinion ETC has still much potential. Because ETC is the only alternative to ETH. The performance of ETC was not really good in the last few days. Okay. That's the market. New ones have to deal with this and mustn't lose their nerves. ;-) Too much action at BTC (Core Version 0.15.0 released and China troubles). Nevertheless, we have now reached the ground,...
The market bounced from the support zone formed by 10.00 and 8.00 levels. RSI confirmed price reversal and did it in the oversold zone. MACD supports upward movement. We have buy opportunity. If the market moves above 13.00 resistance level, it will be a signal of futher upward movement. It's logical to place pending orders for buy above 13.00 resistance level. As...
The price bounces from SMA20 and it can be a confirmation of further upward movement. MACD histogram and RSI confirm price reversal. DMI confirms trend market conditions. We could buy, but 16.00 resistance level can be a barrier for price movement. It will be correctly to wait when the market moves above 16.00 level. Also it's possible to place pending orders for...
ETHEREUM Classic Triple Head&Shoulders. Short-term chart. Have formation of third right shoulders. And move to the 61.80% Fibo's lvl.
Currently, the course seems to be in a sideways movement between 13.09 and 17.00. A few hours ago, it has been broken down by a long-term downward trend and a strong support will be touched in the near future. I think that the course moves to the resistance at 19.48
The market dropped to a possible reversal zone formed by 14.00 support level and the uptrend line 1. This zone plays a very important role now. We can see that price moves in a descending channel. If the market breaks the support zone, we'll see further downward movement to 8.00 support level and the uptrend 2. This falling gives us new trading opportunity and...
See chart. If we break the uptrend line, it's down to $8 we go. Rest assured I'll be long from there if it comes to that.
New price channel was formed between 14.80 and 14.00 levels. If price continues movement in this channel, we should buy from the bottom border and sell at the top border. All price reversals must be confirmed buy RSI. If we have a breakout from this channel, it will be a trading signal too. Be ready to such price movement. If the market breaks the resistance...
First wave roughly 175% Late April to Early May; 2nd wave 185% mid May; past 2 months a 35-40% trading range. So next wave, price estimate would be 150+% so 55. So play the range 16-22 and when it gets back to 22; I will sell 1/3 into strength and maybe another 1/3 if consolidation only lasts a few days. It breaks thru 24 I will buyback for the 55 price...
Let's look at the daily chart and try to spot possible price movements and entry levels. After falling from the historical high, price bounced from 14.00 support level. The market could not break 14.00 level 2 times and we can consider this level as a strong support. Based on the previous 2 highs we can draw a downtrend line. This resistance line is a barrier for...
Take profit of triangle breakout reached, finding heavy resistance. Enter position when 2-3 candle closes below resistance. Short until Sell Zone, after Sell Zone target reached enter long position back up to resistance. First take profit is trend under current parabolic trend; second take profit is the trend below that one.
Buy: $15.1 Sell: $14.4 Stop/Loss: $15.3/$15.1 Timeframe: 1-5 hours