Alt coins ready to run ANKR, BAT, LINK, RNDR, DOT, LTC, LRC, ETCThis market is great for trading trend lines, look at this chart as an example, the two thick dark purple likes. The short one represented resistance for about 5 months, we finally broke that resistance and we broke out, we ran to top of what had been resistance for about 18 months, we had a small hiccup in both places and the break out from that trend line lead to XLM running virally, up to 65% in one day.
Every day there are may assets reaching towards a break out point, and that's what I try to look for. I start on 1 day charts and then come down to a 4h or 1h candle, really no since in going to a shorter candle unless you are looking for precision entry. The main thing to take away from this is that when an asst breaks a resistance it tends to run, many times first coming down and proving that line to be support instead of resistance, then taking off, sin any case, the break of a trend line is generally a fuse lit for a run. The longer the resistance, the more times its resisted and then it breaks out, the break out tends to be stronger.
Here are some alts i have been watching that seem to be staging breakouts or possibly in an early stage of the breakout.
I like ENJ, ANKR, BAT, LINK, RNDR, DOT, 1INCH, mostly these are midcap, but they have started to break out from recent trends.
I kind of like LTC, LRC, ETC, ATOM, BNT, MASK, MPL. Higher risk, but they have staged a breakout and most of these have lower marketcap so easier for them to get pushed further.
Lots of other coins nearing some breakout points as well, they seem to be coming in waves with each day throwing us some 20,50, even 100% gains some times.
I will try to post another update of break outs soon but in between all the trading and working to try to make my ai tech startup do something, my time is short. That also can lead me to evaluate things too quickly sometimes so don't just take what I say as a trigger to pull, use it as a flag to get your interest in evaluating these things yourself.
The market is very bullish right now and there is a lot of opportunity to make nice gains and also to lose a lot buying the dead end of a recent run. Be vigilant.
Etc
Alikze »» CHR | Movement in the ascending channel🔍 Technical analysis: Movement in the ascending channel
- It is moving in a long-term ascending channel in the weekly time frame.
- So far, it has had several reactions to the dynamic trigger of the channel floor.
- In the previous rally, as you can see, it had a sharp growth.
- The wave correction has extended to the bottom of the channel, while the correction was able to extend to 0.23 fibo of the previous wave.
- Therefore, I expect it to enter the next bullish rally after the pullback to the swing and the green box range.
- After confirming the range of the green box, the first target will be the range of 0.29 and the ceiling of the channel. If it continues, we should witness the continuation of the upward trend, which will be provided in the following updates if it is realized.
💎 Note: In addition, if the previous floor (Invalidation LVL) is touched, the upward analysis will be canceled from the validity level.
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BINANCE:CHRUSDT
Alikze »» ETC | Completing the corrective leg C🔍 Technical analysis: Completing the corrective leg C
- In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle.
- Currently, it is channelized, moving in the downward channel in the daily time frame.
- According to the current correction structure, this correction is a three-wave correction that can enter an upward cycle within the specified range after confirming the reversal of the trend.
- Therefore, I expect that it will encounter demand in the buying range and then leave the downward channel and grow up to the first supply area or Fibo 0.618.
- In addition, the most important area for an upward trend is the $25 range, whose high stabilization will have the ability to reach the supply range of the previous ceiling.
💎 Note: Note that if the bottom of the buy zone is stabilized, the bullish scenario is invalid and should be updated again.
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BINANCE:ETCUSDT
#ETC/USDT#ETC
The price is moving in an ascending channel on the 12-hour frame and is sticking to it to a large extent
We have a bounce from a major support area in green at 17.70
We have a downtrend on the RSI indicator that was broken upwards, which supports the upward trend
We have a trend to stabilize above the 100 moving average, which supports the upward trend
Entry price 18.40
First target 20.38
Second target 22.33
Third target 24.37
Alikze »» ETH | Ascending channel🔍 Technical analysis: Ascending channel and corner alcove formation in the green support box area
- Continuing the analysis of the previous post , the Ethereum currency faced selling pressure after reaching the daily and weekly supply range.
- After the formation of a Double Top pattern, it has had a zigzag correction to the green box range.
- It is currently moving in an ascending channel, where the recent correction has intersected with the bottom of the channel and the green box.
- Therefore, I expect it to grow up to Fibo 0.78 and the dynamic trigger after the swing breaks and creates a higher LH.
- In addition, a corner pattern with higher bottoms of the ascending channel is also formed.
💎 Alternative scenario: If it fails to break the swing and does not stabilize above it, and also sharply corrects towards the green box, it is most likely that it will break it and continue correcting towards the Buyer Zone.
💎 Probable scenario: Currently, the probable scenario is the bullish scenario according to the bullish channel and also the corner pattern pattern. Therefore, after reaching the goal, the dynamic update will be done again.
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BINANCE:ETHUSDT
Bullish Surge Ahead? Key Levels ETC Must Hold to Skyrocket!ETC/USDT Analysis
ETC (Ethereum Classic) is in a down trend after making high in March and trading within a descending channel. The price is consolidating between support zone Purple at $16.48 to $17.19 and resistance zone Blue at $20.90 to $21.56.
Bullish Scenario
For a convincing breakout, ETC needs to surpass the resistance zone Blue at $20.90 to $21.56. If it manages to break and hold above this level, it could attract further buying interest.
In this bullish path, the next major resistance zone to watch is at $24.74 to $25.36 in Yellow. Breaking through this could set the stage for a move towards the resistance zone in Pink at $29.72 to $30.46 .
Look for strong bullish candles with increasing volume to confirm a breakout, minimizing the risk of a false move.
Bearish Scenario
If ETC fails to sustain above support zone Purple at $16.48 to $17.19 and shows signs of weakening, sellers may attempt to push the price lower.
A break below the Pink support zone could expose ETC to further downside risks, with the next significant support around $14.48.
A breakdown below $14.48 could accelerate the decline, potentially challenging even lower support levels and indicating a bearish trend continuation.
As long as ETC maintains support above $16.48 - $17.19, the bulls retain a chance to initiate a rally. However, a break below this zone could signal increasing bearish pressure, with significant downside potential if lower supports are tested.
Everything is marked on the chart
Bitcoin Buy Opportunity After Strong Confirmation Signal!We are watching for an excellent buy opportunity on Bitcoin! If the daily candle closes above the green rectangle, this will be a clear signal to enter a buy trade. The stop loss will be placed below the red rectangle, with take profit set at the blue rectangle.
Stay tuned for more updates, and if you need a personalized analysis on any financial asset, feel free to contact me in private!
ETC — August 2024 ATHBITFINEX:ETCUSD is not a clone of BITSTAMP:ETHUSD , but a continuation of the original Ethereum launched in 2015, which The Ethereum Foundation forked away from by launching a new protocol one year later in 2016.
Applications on BITFINEX:ETCUSD have been operating uninterrupted for a year longer than on Ethereum™, making ETC the longest-running and most reliable Smart Contract Platform.
This analysis suggests that BITFINEX:ETCUSD is likely to reach all-time high in August 2024.
NFA. DYOR.
DOTUSD Is it really copying ETC's past Cycle?Polkadot (DOTUSD) appears to be following since its 2021 High (All Time High), ETC's previous Cycle of 2018 - 2021. As you can see on this 1W chart, the RSI sequences in particular between the two fractals are almost identical.
Lower Highs Double Tops leading to the Bear Cycle, then an RSI bottom leading to a price break-out above the 1W MA50 (blue trend-line) and on the 0.5 Fibonacci retracement level (on overbought RSI), finally followed by a new decline (RSI at 40.00), which in ETC's case when broken, led to the Bull Cycle's Parabolic Rally.
Right now it appears that DOT is on the 40.00 RSI Low, so naturally if it is indeed replicating Ethereum Classic's previous Cycle, we should see the price starting to rise aggressively towards the 1.5 Fibonacci extension. If that's the case, we can expect a High around $200 by the end of 2025.
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ETC/USDT 1D Chart Hello everyone, let's look at the 1D ETC to USDT chart, in this situation we can see how the price has broken out of the downtrend line.
Let's start by setting goals for the near future, which include:
Target 1 - $19.43
Target 2 - $20.10
Target 3 - $21
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $18.79
SL2 = $17.76
SL3 = $16.72
Looking at the RSI indicator, we see
as we again exceeded the upper limit of the range, which may translate into limiting further growth.
Alikze »» BTC | Ascending diamond pattern🔍 Technical analysis: Ascending diamond pattern
- According to the latest analysis presented , Bitcoin made a correction based on the predicted path to the second green box area of the $50,000 correction range.
- In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction.
According to the formation of an ascending diamond pattern in the green box area, after the failure of the dynamic trigger, the diamond pattern will be confirmed and it can expect to climb up to the specified areas according to the previous analysis.
💎 Note: Also, if a failure occurs from the bottom of the template, this template is invalid and must be checked and updated again.
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BINANCE:BTCUSDT
ETC/USDT 4HLet's start by setting goals for the near future, which include:
Targets 1 = $18.58
Targets 2 = $19.55
Targets 3 = $ 20.48
AND
Targets 4 = $ 21.84
Now let's move on to a stop-loss in case the market continues to fall:
SL1 = $17.99
SL2 = $16.73
SL3 = $15.56
Looking at the RSI indicator, we see that there is still room for price movement down.
ETC/USDT
Hello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame.
Let's start by identifying the downward trend in which the price is moving using the yellow channels.
Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound.
Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5.
Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $.
On the RSI indicator, we can observe a movement at the lower end of the range, which in the longer term may translate into the expected upward price movement.
ETC Price Update in 3-Day TimeframeETC has precisely hit the entry range between $14.7 and $16.4. The current price is $19.38, which is a 24% increase from the lower range.
The rebound, along with the RSI, indicates a bullish divergence. If the price continues to stay bullish, we are likely to see ETC reaching the $30 range very soon.
The targets remain the same, with primary support at $18 and lower support at $14.7.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
ETC/USDT Trading ScenarioAfter reaching a local high of $39.65, the price of ETC sharply corrected to $18.15, a drop of over 50%. According to the volume profile, the price fell into a local accumulation zone near the Point of Control (POC), from which a reversal movement began. Additionally, there was a third touch of the descending support level. In the current price range, buying the asset is appealing both for adding to a long-term portfolio and for a speculative trade, with potential to close the position around the resistance level of $39.65.
ETC/USDT 1D Chart ReviewHello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound.
Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5.
Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $.
Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines.
Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
ETC/USD Main trend. Fractal cyclic structureLogarithm. Time frame 1 week. The main trend.
Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting.
Major trend. Channel. Publication 01 2023
Linear Now in Moment.
Local now at the moment.
Locally. Let me remind you that from the main zone of the cryptocurrency set (horizontal channel) the average price is now exactly +84%. Compared to other assets, during the transition from the accumulation phase to the participation phase (Dow), the price did not increase very much compared to other cryptocurrencies. That is, a conditionally lagging asset.
A triangle is forming . In a localized rising set trend. From this zone, about 40-50% left to the rounded bottom resistance zone (final accumulation phase).
Then it will be business as usual, on stocks or liquid cryptocurrencies. Breakout of resistance, perhaps not immediately, but that's not the point. After breakout, consolidation, then re test and news negative/positive. Confirmation, and the beginning of strong, conditionally irrevocable impulsive movements into the zone of “news perspective of this blockchain”.
This is when ETH will be above or near $10,000. This will be its first consolidation — a partial reset before being pulled into the final reset (distribution) price zone. In this consolidation, not up to the maximum prices, the progenitor of expensive ether, that is, ETC, as before, will surprise everyone with an aggressive news background. With a high degree of probability, all speculative games, as in the last cycle during pumping, will be “slightly wavy”. Don't forget to sell and don't be greedy...
For those who are not traders at all. So which of the hamsters has iron balls, throw in a couple of hundred dollars and forget it, conditional retention without trading for 9, 13 and 19 months. Sold in 3 parts (optional). But, if you don't sell, you will get scared between these market pumping “time zones” and sell everything during the “fear”. If there is profit in advance, then it “warms the soul” and the feeling of lost profits will not play a cruel joke.
Money management. Leave a third of the invested money in dollars, for additional purchases, in case there is a spill in the market (only 1 significant, sharp, unexpected). Ignore everything else, there will be enough coins to earn money. If the dollars are not spent and the price flies away, do not buy crypto candy wrappers, but buy a gift for your loved ones.
I am sure that many hamsters , when a trend allows absolutely everyone to make money, will imagine that they are real traders and decide to increase the number of coins. I am 99.9% sure that on futures (your psychology is known in advance) if you take inadequate risks, you will lose all coins up to half the maximum price.
⚠️ Adequately evaluate your skills and behavior . Therefore, for some people who are relatively poor but want to become rich, very quickly, it is better not to trade or even be interested in the market until the market is in the distribution cycle, that is, the highs (late 2024 and 2025). Otherwise, each local peak (as always) in a growing trend will be perceived as the end, and when the end comes, on the contrary, as not yet a maximum.
ETC Chart Update in 3-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
ETCUSDT is in a bearish trend, trading below a significant moving average. The price is approaching a primary support level of around $18, which coincides with a suggested entry range for potential long positions between $14.7 and $18.
The analysis suggests a bullish rebound from this support zone with a possible target around $35, implying a substantial upside.
Key Observations:
~ Primary Support: $18.
~ Lower Support/Entry: $14.7 to $16.4.
~ Resistance/Targets: $$32 to $37.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
ETC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETC has been overall bullish , trading within the rising wedge in blue.
Currently, ETC is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich