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...
Right into action! Fractals are all over in September.
September looks like a very busy month for crypto community. And it feels very positive. A lot of the projects have been working hard this year, and they will begin to show new heights in their progress.
I am expecting September to be positive, but with the breaking of major support Trendline is concerning....
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.
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...
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.
After completing the medium term symmetrical pattern (Head and Shoulders) with a Right Shoulder peak near 8.000, Ethereum Classic is now again approaching its long term 1W Higher Low trend line (dashed line) that has supported the Bull Cycle so far since the start of 2019.
With the 1D Support Zone also just below, I am expecting an even stronger rise this time...
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...
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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TP1-2 & stop loss listed on the two green horizontals and the red horizontal, respectively.
Cup & Handle formation signals window for a nice short. Not too late to buy entry before FOMO!
Stop @ $6.189
What a beautiful day for both NYSE && CoinMarketCap =]
Not financial advise.
Ether Classic is all loaded up for another round.
This crypto has found a double bottom floor @ about $5.80. Since it hit that its been breaking out and consolidating and its look for another leg up.