Hi there guys and girls, as you can see ETC is moving on a trend channel. I used 1 day chart timeframe because is more accurate. On 4 hours the price is still on downtrend but on 1 day chart, the price is on an uptrend. The channel tthat we see on this picture is Regression Trend indicator. Live Ethereum Rates in over 70 currencies: ETHRates.org ethrates.org
Marketcap were dropping big last Days , ETC got a good short-mid therm feature and probably we found a higher bottom today , without leverage no doubt an exellent possibility for short or mid therm gains ... Risk reward ration is IMPRESSIVE and if urent aiming for the Stars i recommend a take profit under the 20 $ mark ;) with leverage kinda risky , so know ur...
RSI just made a lower low that confirms the downtrend. No sign of price reversal so far
ETC still hangs at ETH. But the currency has nevertheless emancipated itself. A further positive trend is possible. There could be a push in the next few days. Let's see what happens. Happy trading. :-)
$ETCUSD likely to push through the triangle towards new highs $ETCBTC likely to follow with a short time lag which will accelerate the breakout.
Ethereum classic price managed to find bids against the US Dollar and Bitcoin, and ETC/USD is now eyeing a break above $17.50 for further gains. www.newsbtc.com
The chart of ETC looks pretty good, but maybe it's to simple. If my direction/idea is possible, than we can expect an strong short term up. Let's see whats happens. Happy trading. :-)
News: Emeral wallet ICOs entering ETC inmutable blockchain ETH/ETC ratio; ETH bleeding as problems with its stability and scable; good scenario for ETC dev teams to learn there Despite major carnage happening currently at crypto world I believe we are close to a bottom, looks like super bullish longterm, hold your bags!
The market is going to bounce from Kijun and the uptrend line. We can have a possible buy signal and we must think about entry level. The resistance level 22.00 can be a place where the market will be stopped and reversed again. That's why buying not far from the resistance level it's not a good idea. So it will be logical to open long trades if price breaks this...
The current situation looks quite good (chart technical view). Still a little bit of time, then a next step could come. Lets see what happens. Happy trading. :-)
Here's some thoughts, my analysis is quite simple, find support & resistance, if higher high and higher low, then it must be uptrend and likely the next will be UP UP UP until it is not.
ETC potential supported by rejected pin bar, oversold condition STO , expecting to break triangle. target will be fibo ext.
ETC/USDT can break through to 22 levels and then 24.67. If he reaches this stage, we expect 29 pips to reach 19.50 support i hope win for all
Seems like ETC is finishing long run at 23.5, but seems another jump is incoming at 24.5. Depending on the state of the market I expect another LTC like behavior (beyond 24.5)