Having just locked in 10% with our Long trade on #ETC we're looking at a small but well-worth-doing Short trade, expected returns of around 10%.
We've seen the price test and get rejected several times by the upper resistive trend line and now we seem to be trapped in a wedge formation - the price may trend within this range for a small time but given Crypto...
Hi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with US Dollar pair.
Our last trade of ETC was below:
Now on a 4-hr time frame, ETC is about to complete a bullish Shark move for another bullish reversal move soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the...
Hello, traders!
Last couple of days we told about we told about crypto assets which have to dump significantly before reaching the actual bottom. Today we have Ethereum Classic which in my opinion has only 20% potential dump before the new bull run .
ETCUSDT showed the wonderful corrective wave C which caused the FOMO and hit $45 , but after that the ending...
Before you is the global graph of the ETCUSDT trading pair
After the rapid growth of the ETC price in 2021 by +3700%, since May 2021 the price has been in a downtrend for more than a year.
The correction of the ETCUSD price from the maximum value of $179 was -93%
It seems that during June-July 2022 the bottom and the completion of the correction and after a...
It seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow:
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper...
The fall in the ETHEREUM Classic price is happening on lower volumes.
A modest update of the lows and something like a downward wedge is formed within the correction. Usually such a pattern later acts as a continuation of the growth trend.
We think that in the area of $26-28 it is logical to try to take the longs of the ETCUSDT. Sooner or later the ETC price...
Hi dear friends, hope you are well, and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously ETC was very close to complete a Gartley pattern , but pumped before the completion:
Now on the 4-hr time frame, ETC has formed another bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low...
Hi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
In previous trade ETC slightly move below the potential reversal zone, however, recovered soon and pumped well.
Now on a 4-hr time frame, ETC is about to complete a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised...
Using the Gann tool we can plot down trends and uptrends
Plotting both, it gives a support point for price, and also a resistance point
I expect a bounce off the support from the downtrend Gann line at some point
This bounce will hit the resistance Gann line (in red)
A large up channel can also be plotted if you place this up move (dotted line)
The indicator is...
hey yall ,
so as yall see , ETC is repeating the last pattern . if you look at the pattern , you'll see that price started huge elliott waves after getting out of range . then we had ABC correction waves . NOW , time for what ?
in my opinion , the best time to buy is when the price got outta range . why ? I'm saying that due to our last pattern ....
A previous resistance line on ETC has turned support
this is a good place to long ETC due to these conditions
A better buy would be along the green line if downward movement continues
Here's my idea for Ethereum Classic.
I am very bullish on ETC. It looks like it is about to break out again!
My target for July/August is $595. That's where I set my Sell Order.
Based on the flat Gaussian channel (green) price will likely continue upwards allowing the channel to curve up
Breakout was big, continuation could be greater
Identifying trend lines from price history
Building from there
imo ETH classic is undervalued and should follow ETH a bit tighter
these are just my thoughts however so take them with a grain of salt
Rally and retracement:
After a powerful rally, now the price action of the ETC coin has been retraced between 0.618 to 0.786 Fibonacci level, in the meanwhile it is also testing daily EMA 21 as support.
Monthly EMAs:
On the long-term monthly time period chart, the priceline is moving below EMA 10 and 21. We need a cross over between these two EMAs for a...
It's been a little over a month since the previous ETCUSDT idea was published and it's time to update it.
The previous idea worked out quite interestingly:
At first, the ETCUSD price tried to rise uncertainly, but then sharply fell to the level of $5 , where an aggressive buyer buys back and gains a long position for more than 3 months.
Then we had a...
