Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year.
Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling.
In the last few hours, we have seen selling increasing a lot.
You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control.
We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag.
We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump.
So why do I say BART?
Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION.
Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
Etc
Ethereum Classic not as Ethereum Modern
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are ran exactly as programmed without the possibility of censorship, downtime, or third-party interference.
Ethereum Classic is a distributed network consisting of a blockchain ledger, native cryptocurrency (ETC) and robust ecosystem of on-chain applications and services.
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Ethereum Classic Price (ETC)
$55.98
1.05%
0.0008644 BTC0.48%
0.01207 ETH1.07%
ETC Ethereum Classic: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Ethereum Classic (ETCUSD).
Ethereum Classic price on a monthly chart shows multiple areas of resistance. Price has a chance to move back down with the Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETC Ethereum Classic to the moon! 🌝 100.00 + usdMy prediction for Ethereum Classic is a whopping top out price 100.00 + usd. Once it breaks the 40.00 usd resistance level it should appreciate and double it’s value. As you can see it has gotten out of the bottom and is now bullish holding above 13.00 usd. The price should start spiking up and make a quick double top before a small sell off, then it’s off to appreciation. This is my idea! If you take a chance and risk it, the reward may be huge. Invest and trade at your own risk, research, and beliefs. This is not advice.
Good luck everyone.
Just a "classic" Ethereum (ETC) bull flag chartHey everyone,
Nothing special here, maybe a little as I just wanted to share that view on ETC and usually its Ethereum not the "classic" one, because it looks like very nice bull flag with break out and retest played out & it feels to me like a very nice R:R entry.
but there is something furthermore going on behind with ETH & ETC in next months, so I would pay attention to ETC this year.
Trade safe and keep your mind focused
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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ETC/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
Wave 4 retracement has bottomed out I think. It went further down than what I had counted on the previous chart. We should be working towards the last impulse wave (5).
wave 5 top: $200-250
ETC gained 13% this week after breakout of crucial resistanceThe Ethereum Classic coin has been continuing higher and has gained around 70% of its cost since last week.
The Ethereum Classic coin saw a higher liquidated market; therefore, trading volume has been inclining gradually for the past several days.
The Supertrend indicator generated the buying indication in terms of the daily price chart.
The bulls are feeling safe above the 100-day EMA (yellow), which has been a long volatility red zone. At that point, the holders are preparing themselves to close the daily price candle above the 200-MA line. Furthermore, the 20 and 50 MAs are looking below ETC price on the daily price chart.
Stoch RSI is observing an overbought zone in the context of the daily price chart. It looks like the indicator is about to give a bearish crossover; It remains how the bulls will react to this action. Furthermore, the Average Directional Index is at 24-points, indicating a bullish trend for the Ethereum Classic coin.
No doubt the bulls caught the trend of Ethereum Classic coin and are aggressive about buying but still bullish on their way. Bulls need to manage the price of the coin above the 200-EMA as well as the nearest resistance area.
Support level - $25 and $20
Resistance level - $45 and $60
ETCUSD Still not bullish long-term until this breaksEthereum Classic has had a +45% rise in just the past 2 days and is currently testing the 1D MA200 (orange trend-line). That level has been intact since the November 10 2021 Lower High.
Unless the 1D MA200 and the Lower Highs trend-line just above it break, ETC won't reverse the long-term bearish sentiment and will continue trading within the Channel Up that started at the begining of the year. A break below the bottom of this Channel Up, constitutes a sell signal targeting the Pivot line.
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Ethereum Classic (ETC) Sell ZoneEthereum Classic (ETC) Buy Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
On 4 hours timeframe, we’re still expecting form out bearish pattern, currently its facing out the mid-term resistance zone.
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$ETC/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 39 - 41
TP 1 : 37.35
TP 2 : 35.9
TP 3 : 34.4
TP 4 : 32.9
TP 5 : 31.45
TP 6 : 29.45
TP 7 : 28.15
TP 8 : 26.75
Stop Loss : 42.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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Ethereum Classic Bullish Breakout After 300 Days (100%+ Easy)Ethereum Classic (ETCBTC) moved together with the rest of the Altcoins.
It peaked May 2021.
What followed was a correction that latest 300+ days.
We have a falling wedge pattern and higher low...
A bullish breakout is taking place today.
We can expect additional growth...
Thanks for always coming back.
You are appreciated.
Namaste.
ETCUSDT Midhigher to Daily tf Range Updated till 20-3-22ETCUSDT mid-higher to daily timeframe range, i can see only right swing setups that been worked which was safe too compare to other alt's . not as fancy as other alt's in the market. of course its not as easy as to pump it either. its an old alt with lots of holders and the more heavy it is the more money it needs to pump.so not as shinny as its top competitor less new retail interest it get caught but in crypto market we can always expect unexpected.