It seams that crypto has bottomed for the short&medium term. That would be definitely confirmed if the potential inverse h&S pattern would play out as described bellow:
Etc, seams to be forming a potential, h&S pattern
If this scenario will play out
the first Short term-target appears to be approx 31$ Around the long-term resistance which is the upper...
Will ETC follow the channel? Is it an ABCDE triangle? Hoping for this to obey and take us to $800. yes I would sell on an 80x, us alt hodlers deserve it after three years of waiting!
Pullback Phase: ETC is in a pullback phase, retesting the broken trendline.
Support Level: The crucial support level is at $14.75.
Potential Crash: A drop below $14.75 could send ETC plummeting to $13.50.
Descending Triangle: ETC forms a descending triangle pattern with a 30% drop from July to September 2023.
Current Price: ETC is trading at $15.49 with an...
ETC has shown resilience, rebounding from $14.75.
Aiming to breach a short-term resistance trendline.
A potential target of $19 is in sight with the current breakout.
ETC has shed roughly 25% of its value recently.
A prolonged bearish trend is evident for Ethereum.
Buying sentiment for ETC is strong around the $14.75 range.
The current ETC price stands at $15.63,...
Hi Traders
ETCUSD (Daily Timeframe)
Waiting for the upward break of 17.20 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 14.42 would cancel the bullish scenario.
Trade details
Entry: 17.20
Stop loss: 14.42
Take profit 1: 18.90
Take profit 2: 21.67
Score: 4
Strategy: Bullish reversal
ETC showcases potential for a bounceback from its $14.75 support to challenge the secondary resistance trendline.
A successful breakout might propel ETC to target the resistance at $19.
Dropping below the $14.75 support will likely drag ETC down to $12.44.
ETC has experienced a significant decline, losing around 25% of its value recently.
This decline is in sync...
The pair ETCUSD is currently in a sideways market. The potential supports and resistances have been defined. It has the tendency to go bearish or bullish. For both cases, the entry points, stop losses, and profit levels are defined. Let's see the market goes which side now!
ETC price bounces back from a strong support at $14.50.
A potential breakout could push ETC towards the resistance near $19.
Grayscale's legal win fuels a 6.23% price surge, reaching $16.96.
Secondary resistance trendline remains a challenge, causing a 5.09% price drop.
Bullish indicators: MACD shows a positive crossover & RSI rises above the midpoint.
Current ETC...
Educational Analysis says ETCUSD may go Long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why long?
Because ETC fair value gaps are unfilled in a 1-hour time frame.
through Fibonacci retracement, I am targeting up to 1.610 ratios.
The black line is the fair value gap line
The blue line is...
I posted a chart about a month ago about the ETC chart looking like it's about to make a big move. However, I said the move was invalidated as I think I got my timing a bit off.
However, now looking at the chart again, it looks like it's about to make a massive move higher.
COINBASE:ETCUSD has been moving in a downtrend under the blue trendline since August...
It is the same pattern we are seeing all across and I'll tell you what it means in a minute.
Ethereum Classic (ETCUSD) hit a low 10-June and this month a higher low, now it is preparing for a very strong bullish wave.
Ethereum Classic is set to hit $21 and then $35 and much higher of course but on the long-term.
✔️ We know that thousands of Altcoins move in...
It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen
Note: the analysis fails if the price closes above the area 27 usdt
ETC coin price has been on a downward trend within a falling channel over the past week.
Rejected at resistance trendline, leading to a 5% drop in the last five days.
Prolonged selling spree is possible if it breaks below the channel pattern.
Struggling to find support at the 50% Fibonacci level at $17.83.
Bullish flag pattern and double bottom formation...
EVERY CANDLE HAS LIQUIDITY.
PRICE ALWAYS NEED LIQUIDITY.
Nobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
