We will look at Ethereum Classic here from a technical analysis point of view and discuss two different scenarios based on the descending triangle pattern.
The bullish scenario:
Let's look at the upper line of resistance here. If ETC can break through the upper resistance line of the triangle, we can expect a very bullish continuation of the price. Don't place...
Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
After a very successful first trade on ETC, I provide a similar idea here. First, let's look back on the previous trade:
We saw that the price nicely respected the...
ETC just shifted the 4H trend to an uptrend market after breaking a minor resistance line and making a fresh Higher High.
If we see a pullback down to 8000 sats area, it will a good opportunity for Long entries and target the upside range 9000 sats area.
The key stop-loss is below 50MA.
Etc is in a excelant buy zone. It corrected from its previous upward movement to the 0.618 of Fibonacci and now it is above an important support zone. There is a high probability to this asset restart its upward trend.
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Ethereum Classic has been trading in a wider ASCENDING BOARDENING with huge potentials.
Look like people forget ETC potential so soon, where as the TA still showing massive potential for this coin.
ETC has been in accumulation phase for some time.
I see journey of 200% buy opportunity to be starting soon.
Join the boat before it fly up.
Ethereum Classic / BTC 240 Binance
ETC testing the bottom of the current range, while respecting the short term down trend.
As price gets squeezed here I will be watching for a potential long opportunity if we break trend and create a higher low on the retest.
(If price breaks to the down side there will be no trade)
Will be watching for 2 things on the break,...
I was looking at this support zone for a while now. After a 6% price gain in about 24h, the price kept dropping and dropping rapidly. Finally it found support which made the bears temporarily leave.
I see two important resistance zones directly above it, to which I expect the price to increase. Now that the hit of the support zone seems like a possible reversal...
ETC may have temporarily found support at 7100 sats regions and manages to break the trendline resistance.
This is a good sign for ETC bulls in the short-term but the battle is still too far.
There is a lot of trading action needed to shift the tide.
ETC needs to hold current levels and must not close below 7100s because
this will invalidate the...
ETC/BTC - Quick update ( not a financial advice)
Let's take a look at the chart above and see what reasons do we have to buy ETC
1. We have a breakout and a retest of that breakout on a daily chart.
2. The price was rejected from the support zone and is sitting above the 0.618 fib. level (very strong and important fib. level)
3. The price formed a double bottom...