ETC / USDT
I made analysis for this coin since 1 week ago
And it seems following my idea ⬇️
Price is already pumped 21% from my last idea
Ignore the noise and fluctuations in small time frames we saw a clear breakout in weekly time frame
The first strong resistance is located at 50$
Best of wishes
ETC was a market leader for a while so it makes sense for it to top out before everything else. Money made from this on the way up will also roll into other projects as well.
Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I...
ETC / USD
Multiple attempts to break the major resistance on high time frames
The yellow area marked in my chart is very important for watching to see how the price action will play out
-If bulls cleared the resistance with weekly candle close above trendline this will be a sign of strong bullish wave coming in next days/weeks
-If a weekly candle closed with...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Let's get things straight first:
We all know the Coca Cola of Crypto. It starts with 'Bit' ends with 'Coin' 🏛️😼
And then there is Pepsi..sorry, I meant to say Ethereum.
News = Volatility and short term Potential :
Ethereum Classic soars 100% in nine days outperforming ETH as 'the Merge' approaches
Ethereum's transition to proof-of-stake could be a boon for...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Before you is the global graph of the ETCUSDT trading pair
After the rapid growth of the ETC price in 2021 by +3700%, since May 2021 the price has been in a downtrend for more than a year.
The correction of the ETCUSD price from the maximum value of $179 was -93%
It seems that during June-July 2022 the bottom and the completion of the correction and after a...
we about to have another pump if we broke our triangle and hold above the 40$, we going to see a test for our resistant around the 51$, and the 51$ level is the the target where we going to see ETC going in to Bull run if we broke it and hold above it for this year .
TD Sequential formed a reversal signal upwards (4H TF)
ETC tests the downtrend line on RSI (1H TF)
Price and RSI have formed a bullish divergence (30m TF)
I expect that the asset will try to break the downward channel and after fixing above the resistance level will continue the upward movement.
Hi, again guys
I really don't know what to say here. But this one will definitely make some corrections.
I personally use a manual stop on my positions. Good luck.
Regards
We've come a long way since our first ETCUSDT chart on July 16, but we believe this Altcoin pair has more to give.
Here is the previous chart:
Ethereum Classic vs Tether (95% Target Mapped) | 16-July-2022
You can check the "RELATED IDEAS" below for more.
Thanks a lot for the continued support.
Namaste.
The price is trying to break through the upper boundary of the symmetrical triangle. If successful, the uptrend may continue to $50-60 in case of positive news amid the transition of ETH miners to ETC
The bowl formation continues.
After the first 51 dollars, it will need to increase to 56 dollars
Insights shown here are for follow-up purposes only.
Not Acceptable as ANY Investment Advice
ETC broken out of trend.
Daily Stoch RSI is at the bottom which is good.
1hr and 4hr are near the top so could come back down and retest.
Entry was after the break at 40.51 and I can always set a stop to break even if it looks like it will retest.
Do with this what you will.
BINANCE
