Target-3 = $ 300
Chart pattern on monthly. I really like using higher time frames.
Target-1 = $ 45
Target-2 = $ 95
Target-3 = $ 300
MACD (Daily Timeframe, Buy signal):
Backdrop:
ETCBULLUSD trade ideas
Ethereum Classic ETC 300$ on bullrun cycleOn my chart you can see accumulation phase from 12$ to 50$ , price can't broke the support level 12$ since January 2022. Also there are one more accumulation inside with range 12$ to 26$ which continues from December 2022 - 1 year of accumulation phase. On lower timeframe you can see how price works with lower liquidity and also leave compression of liqiudities which will be the fuel for bullish movement, the same view was on previous bullrun. If you enter right now and wait a time , you can easily hold ETC before ATH happen, it will be 10x from enter. The same situation with ETC/BTC and ETC/ETH , price works well with lower liquidity . Also miners can't mining ETH and a lot of people decided mining Ethereum Classic , also I believe ETH can help his brother ETC to pump coin . MAX marketcap of ETC was 14b, and that time when Litecoin had 22b, Chainlink - 20b.
Is History going to repeat?ETC above the 200W MA holding for 5 weeks now. last time this happened was 6 weeks and etc took off for 1600% what are your thoughts?
bullish chart of ETCbullish wave of #ETC can start in July from 22$ to 24$ to 800$ But I think this target is not reasonable because of its marketcap in that price. A reasonable target for this rising wave, which is exactly in line with the rising trend line of the previous tops in its linear chart, is $380, which in the next year can reach it, so note that this price is available until July of 2025 and not in a short time.The 55-week moving has crossed the 100-week moving exactly like the previous movement, and exactly the same movement can be seen from the weekly Ichimoko cloud, and exactly the 2-year box in which the price has built a floor can be seen, which is the same as last time.
ETC BABY!!!!On the weekly this has not happened in 4 years last time ETC rallied for over 1600% will it again?
🚀 Catch the Classic Rise: ETCUSD Long Trade Alert! 🚀Hello, Traders! Looking to spice up your portfolio with a flavor of classic gains? Let's break down why Ethereum Classic (ETCUSD) is gearing up for a notable uptrend and why you might not want to miss out!
Current Summary for ETCUSD
Currently, there's no direct news about Ethereum Classic, but we can contextualize its position in the broader crypto market. Recent significant crypto transactions involve a whale depositing a substantial amount of ETH into Binance. This action signals potential volatility or strategic positioning in the market, which indirectly affects all related cryptocurrencies, including ETC.
For example, a whale deposited 11,550 ETH into Binance, worth about $37 million. This move might suggest a preparation for price movement or a strategic shift in holdings. Such large-scale activities often impact market sentiment and can lead to price fluctuations across the board, including for Ethereum Classic. 🐋
Although these activities primarily involve Ethereum, they reflect general market behaviors that could influence Ethereum Classic, given their shared blockchain heritage and investor base.
Why Go Long on ETCUSD?
Ethereum Classic's transaction value in USD recently dipped to a noteworthy low of $523.06. Why care? Historically, such lows have been the catapults for upward price trends. This isn't just a hunch — data dives deep!
Big Data Insights 📊:
On-chain metrics have shown a pattern — when certain metrics fall, ETC tends to bounce back stronger, much like a phoenix rising from its ashes. Here’s the scoop:
Transaction Value USD : Below $1150.6
Puell Multiple : Below 1.3 (52-day change below -0.1)
Total Fees in USD : Below $70
Each time these conditions were met historically, ETCUSD saw a median price increase of 24.19% over the following three months. We've crunched numbers from 11 similar past events, showing an impressive 85% of those periods ended in price surges. 💹
Price Projections:
1 Week : $27.4473 📈
2 Weeks : $27.9672 📈
1 Month : $30.4003 📈
3 Months : $33.7996 📈
6 Months : $36.3007 📈
Trade Strategy:
Take Profit: $34.7601
Stop Loss: $24.605
🌟 Why Follow This Trade?
It's backed by consistent historical data, promising a high accuracy and attractive risk-reward ratio. This isn’t just trading—it’s trading with the wisdom of the crowd, refined through big data!
Let's ride the wave of historical momentum with Ethereum Classic. Are you in? Drop a comment, share your views, or toss a like if you're ready to catch the classic rise! 🌊🏄
Ethereum Classic halving. PRICE $55Ethereum Classic's chart analysis points to a forming Elliott Wave pattern, hinting at a bullish Wave 5 if the price exits its consolidation channel. Watch for the MACD nearing a bullish crossover—a key signal for traders. With Wave 5's target at fib 1.618 ($55) and the halving event on the horizon, we may see a significant momentum shift.
Can it really be this easy Will Ethereum classic color inside the lines? Isn’t really much more to this post than pointing out the long term pattern.
Ethereum classic bullish??Wave 5 incomming for ethereum classic to end wave 1 ? Then after abc correction (wave 2) a sick wave 3??? Forming some cup & handle then boom???
ETCUSDT Bullish Opportunity with XABCD Harmonic PatternOverview:
ETC/USDT has exhibited the formation of an XABCD harmonic pattern, coinciding with price action nearing a crucial support zone. This confluence suggests a potential bullish reversal from point D, indicating favorable trading opportunities for market participants.
Key Technical Observations:
1. XABCD Harmonic Pattern: The chart analysis reveals the emergence of an XABCD harmonic pattern, characterized by distinct price swings that conform to Fibonacci ratios. This pattern indicates a potential reversal zone, with point D signaling a probable shift in market direction.
2. Key Support Area: Price action has approached a significant support area, enhancing the likelihood of a bullish rebound. The convergence of the harmonic pattern and the support zone strengthens the validity of the anticipated bullish move.
Trade Recommendations:
- Entry: Consider initiating a long position near 32.8150, aligning with the anticipated bullish reversal at point D of the harmonic pattern.
- Stop Loss: Implement a stop-loss order at approximately 31.1750 to mitigate potential losses in case of adverse price movements.
- Take Profit Targets:
1. TP-1: Set the first take-profit level at 34.5800 to secure profits as the price advances in the bullish direction.
2. TP-2: Aim for the second take-profit level at 36.1933 to capitalize on further upward momentum.
3. TP-3: Consider a third take-profit target at 37.8760 to maximize returns as the bullish trend potentially extends.
Risk Management:
Maintain prudent risk management practices by adhering to the specified stop-loss level and adjusting position sizes according to individual risk tolerance. Periodically reassess the market conditions to adapt trading strategies accordingly.
Conclusion:
In summary, the technical analysis of ETC/USDT suggests a favorable outlook for bullish opportunities, supported by the formation of an XABCD harmonic pattern and price action nearing a critical support area. Traders are advised to consider the provided trade setup, incorporating appropriate risk management measures to optimize potential returns while safeguarding against downside risks.
Ethereum Classic halvingETC: Ethereum Classic next halving(20% reduction) is forecasted to occur on or around May 31st 2024, block height 20,00,001. So far, the market structure that ETC has formed leading up to 5/31/24 does point to a potential high of 54 by then. ETC's 2 year high just so happens to be 54. BCH: Bitcoin Cash completed it's halving on 4/3/24, block height 840,000 hitting it's +2 year high. And everyone knows BTC: Bitcoin halving is coming up on 4/18/24, block height 840,000 and has already surpassed it's +2 year high making all time highs. Please comment and let me know what you think about the up coming Ethereum Classic halving catalyst?
ETCUSD new rally starting towards $50.Ethereum Classic (ETCUSD) has started to rise again, so far being on the 2nd straight green 1D candle, without breaking the key 1D MA100 (green trend-line), which has been supporting since essentially the October 23 2023 break-out.
As long as this holds and ETC keeps closing the 1D candles above the 1D MA100, we expect a new cyclical rally to start within the Fibonacci Channel Up. The last one was +83.17% from its Higher Low, so a repeat would give us $49.00 by May.
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Ethereum Classic Bullish ChartThe Ethereum Classic (ETC) chart indicates a bullish trend with the price rebounding from the lower trendline of an ascending channel. The analysis points to an ambitious target at the channel's upper trendline, coinciding with the Fibonacci 1.618 extension level of $880.11. Despite the seemingly high target, the confluence of these technical indicators supports this potential outcome.
More targets to shoot at
Hey guys and girls,
If you're not Long, you're wrong
Target 1 = $ 45
Target 2 = $ 95
Target 3 = $ 150
Appendix:
Pattern: Adam and Eve
RSI (weekly timeframe) = 70.95
Cryptolean Ethereum Classic ETC UpdateEthereum Classic recovered from the daily range zone between $26.49 and $29.43, which is positive.
A sustained price action above $29.43 or, even better, a daily candle closure above $31.02 will will result in a re-test of $32.91-$34.26 where the Ethereum Classic price action will be very important.
A rejection of $31.02, followed by a bearish break-out of $29.43 will push ETC price lower towards $26.49.
Cryptolean Ethereum Classic ETC Update For now, Ethereum Classic found a support at $29.43 and is re-testing $31 resistance.
A bullish break-out of $31 and a bullish candle closure above this level will result in a re-test of $32.91-$34.26 where the EthereumClassic price action will be very important.
A rejection of $31 followed by a bearish break-out of $29.43 will push #ETC price lower towards $26.49.
Intraday Chart
The ETCUSDT 4-Hour chart is bearish and lingering around $31.
A bearish rejection of $31 or $33.10 resistance will push ETC price towards the key intraday support zone at $26.76-$28.53, where I will be closely watching the price action.
A bullish break-out of $31 followed by a break-out of the key resistance at $33.10 will push price to re-test $37, however the price action may be slow and choppy .
Support once read!
Thank you.
Signs of change1-(Jun 10 2023) Ethereum Classic (ETC) is not a security under existing United States laws
2-(24 Nov 2023) Golden Cross
3- (17 Jan 2024) BTC Sees Its 1st weekly Golden Cross. lets take a deeper look:
Bitcoin (weekly)
Conclusion:
Mentally prepare yourself for bull markets (Ignore people who sell ETC now (they cannot predict what will happen!) you will see the result soon!)
Target-1 (short term) = $ 45
Target-2 (medium term) = $ 95
Target-3 (long term) ----> 1 ETC = 1 BNB
ETC — August 2024 ATHBITFINEX:ETCUSD is not a clone of BITSTAMP:ETHUSD , but a continuation of the original Ethereum launched in 2015, which The Ethereum Foundation forked away from by launching a new protocol one year later in 2016.
Applications on BITFINEX:ETCUSD have been operating uninterrupted for a year longer than on Ethereum™, making ETC the longest-running and most reliable Smart Contract Platform.
This analysis suggests that BITFINEX:ETCUSD is likely to reach all-time high in August 2024.
NFA. DYOR.
ETC Mar 3 UpdateOne of my favorite coins is in breakout mode!
Sharing this most recent chart from TTR. We are very long #ETC
And the long-term ETC chart update. I am looking for the C&H formation off $46-50 level.
The main targets are:
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First target box got hit! Beautiful thing!
ETC MEGA CHARTThis is not a financial advice!
This is my opinion on where I think ETC is headed in the current bull market.
What do think?
