This is a daily chart of ETCUSD on Kraken.
Looking at some of the recent price action, it seems like we're in a trend line battle.
If we draw an uptrend line (green) from the low around $3.5, we see that this is being highly contested with, right now.
Similarly, if we draw a downtrend line (red) from the high around $10, we see that price has not used it much as...
For me, ETC is the leading indicator for alts , though after the fork it has receded in price settling at key support for 4 weeks, and usually, from its history, it spends about 4-5weeks on crucial support before a major pump. It's something to keep an eye on for the next few weeks and watch its reaction at this crucial support which also coincides 0.628 fib...
At this point in time, the price has broken through the level of the upward trend channel "B" and is fixed below its level, continuing to move along the trend "A". There are no reversal signals. I recommend to consider only short positions to the target level.
ETC hardfork has now been completed, expect this to go down. With buy the rumour and selling the news. It had a small rally up but not an enough to get enough interest in the market from buyers to create some hype and futher price action.
ETC has kept a good price recently thanks to its upcoming events, most importantly the Hardfork event on September 17.
However, according to what has happened in the market until now. the closer to the event date, the price is usually for the downtrend.
Technically, ETC is forming a rising wedge pattern. If the price closes below $ 5.5, the pattern will be...
After successful formation of gartley pattern the price action of Ethereum Classic / US Dollar is forming another gartley pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 6.213 to...
Ethereum Classic (ETC) currently has a 94 % price correlation with EOS. Calculated over the last 90 days via Coinbase. Also of note, ETC is ranked #9 in popularity among the coins on Coinbase EXchange.
What we can see on chart is symetrical triangle. Volume is not very high. RSI is on 47 that we have space to grow up or go down. We can bounce to up from EMA 100,200 and this is reason why I think we go up. The TP can be at support.
S-1 = 6.00
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On the chart of the price movement I see a picture of a set of positions by a strong player by manipulation with a false uptrend. I recommend searching for short positions after breaking the trend line down and fixing the price.