etc down about 6.5-7 percent since markets closed at 8pm compared to the rest of the market, it is clear there is a whale selling. could be a fakeout or possibly having a negative reaction to the merge. we could etc come down to test the $30 level, and possibly sub 30
still a lot of new info coming out every hour about etc/ eth merge negative and positive...
There is a H&S bottom pattern on the ETC daily chart, the target price has been met, and the downtrend line has also been hit. It can be seen in the chart that ETC has appeared three high points near the trend line. If the price falls below 30.35 in the future, the H&S top pattern will be established, and the support range below is 24.47~26.16 and 20.83. After an...
heres my ethereum classic chart for the rest of the night---im going to bed---for now---gonna leave he laptop running and continue with these charts that im posting now..... later
Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that...
Long term I am bullish on Bitcoin and Cryptocurrency.
Short term, I think we are likely to see a rapid sell off to around $16.6k.
When setting this trade up, I considered a way to lower the risk and increase the return. Rather than using leverage directly on Bitcoin , an asset with solid fundamentals and the safe haven in a cryptocurrency rout. I have taken...
HELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
etc may be due to a wave of Ethereum 2.0
It's hard to beat this position
I suggest you bounce back to lighten up or go short
Follow me to take you to achieve financial freedom
| ETCUSDT | LONG @ 34 - 36.5 | TP @ 37, 37.5, 38, 38.5, 39 | SL @ 29 | PATTERN = BULLISH PENNANT | COINBASE |
Breakout can also be seen on lower time frames, as well as retest of 200 EMA/MA
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch,...
Hello Traders!
ETC is moving within the downtrend. An aggressive upward movement started after news about miners switching to ETC mining from the ETH, after which the price received a reaction from the resistance level of $44.50. At the moment, the price is testing MA100 on the weekly timeframe.
If the price downtrend continues, it will be interesting to...
Ascending Wedge in an uptrend-bearish
1. This pattern occurs when the slope of price candles’ highs and lows join at a point forming an inclinin wedge.
2. The slope of both lines is up with the lower line being steeper than the higher one.
3. Place an order to breakdown and out of the wedge. The drop out of the wedge can be very dramatic.
Descending...
