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Ethereum Classic (ETC) 1DAY UPDATE BY CRYPTOSANDERS !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Ethereum Classic (ETC):-one of the most notable movers on Monday, as the token fell by over 12% to start the week. Following a high of $33.41 during the weekend, ETC/USD slipped to an intraday low of $27.91 earlier today. The drop comes less than a week after Ethereum classic was trading above $40.00, ahead of last Wednesday’s Merge. Monday’s drop sees ETC move to its lowest point since July 27, when the token was trading near $24.00. As of writing, earlier price declines have eased, with ETC now back above the $30.00 mark. After a brief breakout, the 14-day relative strength index (RSI) is also tracking marginally above support of its own at 40.95. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
ETCUSDT | Well, miners, are they mining?Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Friends from the last signal, we never came to test the countertrend one. While you can see that the asset is starting to consolidate in the range of $33-35, I think from this zone you can try to gain a long position for a small percentage of the deposit (3-5%) ETH is still gaining momentum but it could be a trap, I wrote about it in another post! So be careful and work with risk management!
Long
by DanilBlinkov
ETC | Bullish Flag? Will The Price Rise More?ETC | Bullish Flag? Will The Price Rise More? As we all know when the news about the ETH merge and the upgrade from POW to POS we saw that ETC made a very nice bounce. All was related with the fact that the miners would have moved from ETH to ETC or other coins and ETC had higher chances for mining. However, the market is still expecting and the situation is not clear yet with ETH Fork etc and now ETC is still waiting. The price is developing a very big bullish flag pattern. For some time I am expecting the price to move between 30.5 and 45.40 The price can develop in this area for a long period of time. Once the price jumps above 45.5 it means that something good happened and the price should continue to grow more. Thank you and Good Luck!
Long
by KlejdiCuni
9
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS The last hours were very tense and accompanied by increased volatility If the ETHUSDT price reacted with moderate growth Then the ETCUSDT price look like is preparing for rapid growth. In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44 Well, then the way will be open for growth in $80 are a Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21
Ethereum Classic Wyckoff RE-AccumulationMost are familiar with accumulation/distribution schematics but, most are not familiar with reaccumulation schematics which you find in STRONG markets & have many similarities to distribution. There are a few ways this can go moving forward. The main thing to look for is the creek forming and the volume when the price action comes down to the lower of the range again. Being that ETC has alot of miners jumping back over to mine ETC since the ETH merge is right around the corner ETC has some strong price action coming in. Here are the definitions for the for the accronyms on this RE-Accumulation schematic for a better understanding of each move. PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests. AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR. ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
by Savvythe1
ETCUSDT - Targets and Stoploss - Interval 4HHello everyone, let's take a look at the 4H ETC to USDT chart as you can see the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can consider: T1 = $ 37.51 T2 = $ 38.41 T3 = $ 39.29 T4 = $ 40.52 and T5 = $ 42.14 Now let's move on to the stop loss in case of further market declines: SL1 = $ 36.49 SL2 = $ 35.58 SL3 = $ 34.90 SL4 = $ 34.19 and SL5 = $ 33.17 Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, while the MACD indicator indicates that we are entering an uptrend locally.
by cryptodailyuk
1