False breakoutBearish harmonic.
the VIX is at an inflection point and the ES looks like shit. Lots of hype around Ethereum at the moment, mostly fuelled by false hopes that will be shattered upon or even before the merge, there's this idea that eth2 will somehow make the ETH chain somewhat useable, and not just some whale and dex arbing chain. I'm not sure where it came from, ETH2 will have no impact on fees. Literally nobody who has had the pain of using ETH likes it.
The most interesting trade at the moment is an ETC short, the bull case for ETC is basically "well its POW, that's good for price because... it just is ok!". ETC is garbage and its constantly 51% hacked. Its going to fade in the same way ADA did. (fuck ada).
All funding rates are significantly positive at the moment, so there's no room for the Bears in denial of the rally type of trade, plus most pundits are bullish.
ycharts.com
PUT/CALL ratio is at the bottom of the recent range.
twitter.com
Interesting chart.
Basically right now im just seeing bulls be bulls because "its going up, there for it shall do this more". Where as bears are coming in with the hard FACTS and logic.
Etc
$ETC - Bounce from 60 period SMA on the 4 hour chart - LONGA simple idea along the lines of my last couple if you've seen, we've had a large expansion when ethereum classic started to get a lot of attention surrounding the merge narrative and mining moving over, a range was set on the break down from that rally and price has managed to break out and is currently come back down to retest it, also lining up with a bounce from the 20 period SMA which I like.
this is a good level to buy imo and i think we go to at least 40.6ish which is towards the top of the prior consolidation before breaking down
tldr
buy 37.6
target 40.6
stop 36ish (below a prior wick and 20 period SMA)
follow me on the tweeter :)
perfect Entry on the next Wave on ETC (Ethereum Classic)Entry 37.800
Leverage 20x >
Most projects are about to go green on the daily volume and 24% change, but I choose ETC because it is primed properly.
Respected previous channels and trendlines on the weekend.
Proper distribution and few bear and bull traps.
Expect huge pumps in the coming days.
ETC (watching price action)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 bearish engulfment the bullish view will be invalidated… so lets see how the bulls will act here
ETC - 4H BearishETC has a nice and neat upward trendline, and the price is touching the trendline again. We have some weak signs for continuing the growth, and it's more likely that the price will cross the line.
There is a lower high, where we had a powerful rising candle that didn't continue. These signs show us weakness.
can ETC see $90?#ETC/USDT
$ETC completed Adam and Eve pattern that shaped inside ascending channel and touched 2 fib level of this pattern that is the same with 0.5 fib level of daily swing down.
🐮 price can correct toward upper line of channel and continue its uptrend move to $38 and if the weekly candle going to close above descending resistance, price can fly to $90 in coming weeks.
🐻 but if bears break down price inside ascending channel price may drop to $25 and even $18.
ETCUSDT 1H TA; Resistance Zones According to the chart, in the one-hour time frame, we see the reaction on the trend line, which has caused the price to rise to the resistance ranges. I specified the resistance areas in the chart, and if the trend line breaks below $30, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETC can break the resistance after testing the support @ $33/$34ETC can re-test the resistance if it stays above the support of $33/$34, otherwise it will drop to the next support level at $26/$27.
Here it can try to break the resistance or break down the last support and a good occasion to buy it cheaper at 10/12$.
ETC, time to retrace, mmkayBINANCE:ETCUSDT
COINBASE:ETCUSD
BYBIT:ETCUSDT
Impressive run on Ethereum Classic, stats show it's getting time to retrace.
I imagine ETC will test and reject the blue trendline.
General Stats:
Daily Vol % change: -27.88%
Daily RSI is way up there: 84.33
Short Target #1: 36.9
Short Target #2: 33.8 to 32.1
It is important to rebalance the chart when a level is broken, this also means adjusting targets.
ETCUSDTPERP 073022Why am I taking this trade?
1. Bullish at HTFs and also TRBO on Daily chart
2. Reacted successfully at the 5m Order Block and made an impulsive move that caused a Change of Character at 15m TF
3. There is a possible liquidity grab
4. Potential calming of the RSI currently at 50 level at 1H TF
Ethereum Classic UpdateWe'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.
ETC - Run before it's too lateReasons to take short:
⭐️ Coin rose 90%, correction is needed
⭐️ We ended Elliot wave growth pattern
⭐️ Bearish divergence
⭐️ Volume leaving the coin
⭐️ 350 ATR
You can enter when price squeezes to the level on 5m timeframe or to the trendline, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Sorting ETC Now Ethereum Classic has no business at it's current price as profits are taken it is going to dump massively. This is my plan. Risk to reward is incredible on this opportunity. Let's send it where it belongs. Shorting Ethereum Classic seems like the logical thing to do. I am not using leverage but if you do don't go over 3x unless you know exactly what you are doing. I might add leverage to the position later to pull some capital out of the trade but that would be the only reason I used leverage on it. I am risking 3.3% of my account on this trade. 0 Leverage to start.
Best of luck and hope someone is able to make something off this. I know there are many hurting right now and the only reason I am sharing some of my trades.
Not Financial Advice but this is: Never Risk more then you can afford to lose and never risk more then 3-5% of your capital on any one trade. That is with no leverage. Technically that isn't financial advice either just good capital preservation.
ETHEREUM Breaking TrendLine NOWIn the 2-hour time frame, Ethereum broke the trend line that I drew in the chart and is pulling back to the trend line, which can continue its upward trend with the confirmation of the pullback. It should be noted that it is now in the daily resistance range and confirming the failure of this resistance can be very attractive.
If the pullback is not confirmed, the analysis line will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETC against all oddsthis growth that ETC has since yesterday is based on news that in my opinion is not even that signifact so a pull back should happen.
i was late and did not enter above 40$
i will short it here at 39.5
i will cut losses at 41,55
set take profit for half the position at 36,1 and the rest at 32.3
a bit risky play but i think it is worth it
i will not use leverage for this one.
vists POWCHARTS.COM for more signals