Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
I have been buying this coin in a price range of $ 35.00 to $ 43.00. Seems like, my previous TA works well. Ethereum (ETH) is in a proof of stake this year. I think ETH miners will be mining Ethereum Classic (ETC). Since, they have the same mining algorithm. If you...
Ethereum Classic broke this week above the 1D MA50 (blue trend-line) for the first time since June 04 but has so far failed to convincingly close above it. However there are a few bullish indicators to keep an eye on as a rally may be in the making.
I have used the Pitchfork to illustrate a few key trend-lines. First I'll start by highlighting the significance of...
It was hard to imagine that the May 12th Fractal was Elon Musk's Tweet About BTC. But that my friends how future works. We don't know what it maybe, but it is coming and you need to have a plan when it does!
If any of you followed me - know that i always concentrate assets before the possible bear correction. It helps with the mental stress and it helps managing...
Hello trading friends,
ETC shows a possible day trend breakout for the coming time - if this target plays out we could see a 30% increase trend on ETC.
With the trend, it can still break down - but the whale interest on the level increase is still possible, as this coin can get a choice out since whales have some effects to choose a coin. ETC is not only...
Ethereum Classic (ETC) is a newer (network) version (or a hard fork) of Ethereum (ETH) that launched in July 2016.
Save Little By Little.
Technical analysis section:
Based on breakout and DMI, seems ready to jump! Now, ETC is on my watchlist.
ETC has not reached out to its full 4.236 fib extension but in 2017 bull year we can see there was a massive knockback just before the last leg in the bull run.
In 2021 we're seeing very similar things with a even bigger knockback but seeing BTC's position in this market cycle it looks like the run is still not over.
Hello traders and investors!
Another Waiting Game Long Term scenario. This time is all about Etherum Classic ETC (and not the more "researched" and "traded" Etherum ETH).
if we consider January 29 2021, the end of a long WXY correction (double zigzag, regular flat, irregular flat) and the resume of the main trend in 5 waves (minor degree red), I can only be...
if this cryptocurrency fails to break out of the 60s, its doomed and that goes for most altcoins on their last legs of support.
I believe this is the correction we have all been waiting for.
manage risk accordingly!
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We have Etherum classic in a descending triangle. A breakout from this triangle could confirm a good buy to the neckline at $60 before $80.
We also have a possible double bottom pattern in play. For this pattern to work out well, I expect a fall to $30 - $36 before a long position to $60 and $80
As you can see on the chart, the fib extension 2.61 is around $2,500 per ETC. I believe this price will be the end of the Bull market.
ETC was the last to peak during the wave 3, so the big question is wether ETC will be the last coin to peak or this time the order is different?
💎Technical Analysis Summary💎
-After a strong move up last June 22 by almost 100% increase
-ETC failed to regain above the 50D Moving Average
-This Moving Average acted as a dynamic resistance zone
-Now, the price is retesting the support area number 1
-If we can see a strong bounce from here, I expect a retest of 50D MA again
-But if this support...
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(ETCUSD 1W Chart)
If the price is maintained above the 42.1-47.296 range, it is expected to create a new wave.
It remains to be seen if the 37.180-47.947 zone can support and move...
6/22 made the lows for the year, based on time cycle of low before run to 175, that has not been violated, trend likely to start swinging positive between 7/13 and 7/18, and we likely will not see these price levels again.