ETC has completed the fifth elliot wave in the 4H time frame after moving of the bearish wave. As you can see in the graphic, it may have a bearish leg to 29-28 dollars.
The price moved up aggressively and left a lot of gaps on the way up, there are no imbalanced zones on the upside+clear bearish divergence. BTC is showing some weak movements too. Possible targets are mentioned on the chart.
Several weeks ago I proposed a technical analysis trade setup for Ethereum Classic.
First, I analyzed to see what the regime for this asset was: Mark Up, Mark Down, Consolidation.
We noted that the regime appeared to be Mark Down, and furthermore that ETC was trading in an identifiable pattern, a channel.
Channels are lovely when you discover them, as they...
Hello friends. The good old Scam Top is a classic and powerful pattern. We see them on all time frames and all markets.
You will spot this pattern when you see an extreme move up followed by a retracement down and then a move just slightly above the prior high. That move higher is the "scam" that that snatches liquidity for large traders by taking out retail stop...
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
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...
ETC has moved 78% of the bearish wave an now it has compeleted the 5 elliot wave in 4H time frame.
it can have bearish leg to 28 dollar as you can see in the picture.
Learn and Earn!
After breaking the price of 42 USDT and confirming the break.
Confirmation of the break of resistance or support in this 1-H chart; that is, the bar (or candle) closed at the top of the resistance or support price, as well as the next candle, growing at least around 5 pip ( in forex usually call it pips ) or units ( 5 pips in cryptocurrency is...
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...
ETCUSDT now going to breaks trend line at weekly candle in the price of 38,once above closed then we expect 60-70 in short time, also its once comes retracement then its good buying opportunity to average this coin
hey traders
check the chart and lvls
what u think ?
is this the time ? or its not enough for bulls ?
i can see some sweet bears behind this lvl
share ur chart and leave a comment
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.
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
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...
BINANCE
