I just want to share my idea what I thinking about of this cryptocurrency. There's an interesting sight to look how Ethereum Classic it's preparing to make a new ATH to mark over $1,000 USD in the next months. This it's just my idea. Look, ETC break out the historical maximum price of $46.85 USD and this cryptocurrency could to repeat this pattern multiply x2 the...
As we can see on the two channel lines on the chart, ETC is moving inside the channel line(uptrending channel). As we can see, almost every time, the price drops to around EMA 200, it bounces back to a new height. You can refer to the circled spots, where the ETC bounces off the EMA 200. When it bounces off EMA 200, the gain is substantial. This time we are...
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...
Ethereum Classic forming a bullish butterfly pattern. This it's an Harmonic Pattern and it's bullish signal. We're in Daily timeframe and also, Ethereum Classic make support in the EMA 200. So, in medium term, Ethereum Classic could to move up toward $60.25 USD next resistance key and $78.28 USD next up 2nd resistance key. The 2nd resistance key it's my target in...
Hello traders and investors,
If we still consider the idea of a 1-2 1-2, and we keep a bullish long term sentiment on this pair, we could consider last week deep impulse (someone called it the liquidation spike) as part of wave 2 correction. In particular, a-b-c flat regular. with wave C ending at 61.8% of wave minute green degree.... (what a coincidence?).
- We have a huge parallel ascending channel on the daily chart, which provide us with great support/resistance!
- Bullish volume is much higher, than bearish volume!
- Ascending triangle is also very bullish!
- The price is above 200 daily moving average.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to...
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...
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(ETCUSD 1W Chart)
If the price maintains above the 16.722-25.179 range, we expect the uptrend to continue.
In particular, if the price is maintained above...
The price is inside an uptrend channel where the price is rising to the ceiling after falling into the middle of the channel.Write in the comments all your questions and instruments analysis of which you want to see.
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