A simple idea along the lines of my last couple if you've seen, we've had a large expansion when ethereum classic started to get a lot of attention surrounding the merge narrative and mining moving over, a range was set on the break down from that rally and price has managed to break out and is currently come back down to retest it, also lining up with a bounce...
hi traders:As the crypto giant sets the tone and leads the pack, it is evident to see examples of 'impulse-correction-impulse', or 'drop-rally-drop', as you see in the structure clear continuation to up , i set entry and running now.
The following are machine translations:
On the daily chart, it started to rise from the double bottom structure below, and the low point of the callback continued to rise. This time it was blocked at 45 and fell, and it fell back to the starting point of the big Yangxian on July 28, stopped falling and rebounded, and is expected to rise in the fifth wave.
The...
ETC has shown a top pattern in four hours
and has been broken
There is a high probability that the rebound here will not make a new high
and it will come down again without a new high
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Hello Traders,
As we discuss in our previous chart ETC now is ready for big short trade.
right now 5 move upside completed & ABC also.
you need to short it in 2 parts.
first form 41 & dca around 57 if it go up..
keep stop loss above 57.
target up to 24$ Minimum.
Have safe trade.
thank you.
if we saw 3 day confirmation and 36 acted as a support and the price action
didnt fell down and closed into the triangle again
50-75 is possible entermediate term.
etc is up more than 200% in the past 3 weeks
ETC is moving in a range and the price has recently reached the lower boundary.
Volatility has declined along with trading volumes.
TD Sequential has formed a reversal up signal (4H and 1H TFs)
Price has entered a bullish RSI zone (30m TFs)
I expect that the asset may continue to grow within the range if it breaks up the downward channel and fixes above it.
This is more of a training exercise then actual reliable TA.
I have mapped out 3 different paths i personally believe ETC can take in the coming days.
Purple Most likely to Play out
Green 2nd Most Likely to Play out
Yellow Least Likely to Play out
I could also be dead wrong and we drop to the floor.
My goal here is to see if out of the three options any of...
Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200...
ETC is out of the liquidity zone and downward channel.
Volumes again began to show interest in price growth.
TD Sequential formed a reversal signal upwards (1H TF).
Price tested 100MA as support and 50 as resistance (1H TF)
BB indicator is overbought (30M TF)
I expect ETC to move near resistance level, but after fixing above it will continue to grow.
ETC has been surging for several days
Potential for upside is low
It is recommended to take profit in batches on rallies
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Ethereum Classic has tapped the critical $23.00 line for the first time since June 6, following a consecutive six-day rally. ETC also breached the daily 100 EMA for the first time since March and stands the chance of prompting a momentum change if it closes the day’s candle above this line. Better still, ETC could put $30.00 back into focus if it manages a candle...
Real nice bullish gartley here on the 4hr/6hr with bullish divergence and 3 bullish japanese candle stick patterns between the 2 time frames (pin bar / engulfing 6hr, rising 3 methods on the 4hr)
ADX indicates that the bear trend is fading while volatility contracts.
Momentum slowing down a little bit but still bullish as we backtest the .236 for support,...
As we can see on the ETC chart, even levels formed without removing liquidity. Major stops and liquidity are below previous lows. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think...
