ETCUSD
Ethereum Classic (ETC) - July 28Hello?
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(ETCUSDT 1W Chart)
The key is whether it can be supported by rising to the 36.26-47.10 section.
If it is not supported in the 36.26-47.10 section and falls below 30.50, Stop Loss is required to preserve profit and loss.
(1D chart)
Resistance: 36.26-47.10
1st support: 30.50
2nd support: 22.51
The resistance section of 36.26-47.10 is the section that determines the trend.
Therefore, it is an important key whether it can be supported by rising to this section.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV index was re-created by applying a formula to the DepthHouse Trading index, an index disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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ethereum classic made a big profitEthereum classic is heavily overbought, I think it is necessary to liquidate longists, indicators are overbought,
this is a signal for a correction!
In order not to miss a buy signal, subscribe and stay tuned for new ideas. Every day I post 10 profitable ideas a day.
ETC (one more leg up ?)ETC / USDT
another special coin during current bear market
ETC still strong and likely to do one more leg up to hit resistance line since may 2021 before correction (≈32$-35$)
Moon shot case : if ETC able to close weekly above resistance line expecting very strong bullish rally
ETCUSD ❕ trade in rangeETC is moving in a range and the price has recently reached the lower boundary.
Volatility has declined along with trading volumes.
TD Sequential has formed a reversal up signal (4H and 1H TFs)
Price has entered a bullish RSI zone (30m TFs)
I expect that the asset may continue to grow within the range if it breaks up the downward channel and fixes above it.
ETC play book training exerciseThis is more of a training exercise then actual reliable TA.
I have mapped out 3 different paths i personally believe ETC can take in the coming days.
Purple Most likely to Play out
Green 2nd Most Likely to Play out
Yellow Least Likely to Play out
I could also be dead wrong and we drop to the floor.
My goal here is to see if out of the three options any of them have a good success rate.
Then I will be able to learn which direction to take my TA.
Thanks for viewing!
ETCUSD Struggling to break the 1D MA200Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200 (orange trend-line), after the rejection on July 19. Technically, with the 1D RSI rejected above the overbought region, this is a sell signal towards at least the 1D MA50 (blue trend-line). Even a marginal break above the 0.618 will still be a sell signal. Make sure you always have the SL tight as the closer we get to the Lower Highs (top) trend-line of the Channel Down, the more likely a break-out becomes. The way it is now, a break above the top (around 41.00 now) signals a complete shift to bullish sentiment on the long-term.
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ETHEREUM CLASSIC: NOT BE TOO HAPPY FOR NOWHi guys, in these days we are seeing many pumps in alt market, and it's beautiful to use it to accumulate more Btc.
The main question is how long it will be last?
I'm not sure this is the real start of the next bull market, maybe we can see a fake pump and only after this pump and dump will see the next raise.
So, for me, red and yellow are the main pattern for these days, but doesn't mean i'm short...just that i ready to exit at some point to reaccumulate later.
Let's see what will happen.
ETCUSD ❕ price is over liquidityETC is out of the liquidity zone and downward channel.
Volumes again began to show interest in price growth.
TD Sequential formed a reversal signal upwards (1H TF).
Price tested 100MA as support and 50 as resistance (1H TF)
BB indicator is overbought (30M TF)
I expect ETC to move near resistance level, but after fixing above it will continue to grow.
Ethereum Classic (ETC) - July 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(ETCUSDT 1W Chart)
www.tradingview.com
If it touches the resistance section of 36.26-47.10 and falls below 30.50, Stop Loss is required.
(1D chart)
The key is whether it can move higher than 30.50.
To do that, we need to make sure we can keep the price above 22.51.
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, if it is supported and rises in the 36.26-47.10 section, it is expected that the uptrend will continue.
If not, Stop Loss is required to preserve profit and loss when it falls below 30.50.
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Why is the price rising and why is it falling???
You don't have to waste time trying to figure out the reasons for the rise and fall, because you don't know how far it will rise or how far down if you know the reason.
If you find a reason, you can create a basis for subjective judgment and proceed in a strange direction.
When the price rises, it is better to focus on which section to sell and check the movement of the chart.
You can respond based on whether you find support or resistance at the support and resistance points on the chart.
When you start trading, you sometimes overlook the current movement and unconditionally hold on to the desire to get more profit.
It is extremely rare and close to luck that such holdings can yield large returns.
It is often the case that after earning a large profit from such good fortune, they trade excessively and return the profit.
The stock market or coin market is an investment market that earns money by reacting.
Thus, it is a market that reflexively gains profit by identifying price movements and responding appropriately to reduce losses.
If you trade to get more profit, you will overlook the loss and end up trading with a big loss.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
---------------------------------
ETC can go lower than you can imagineAs we can see on the ETC chart, even levels formed without removing liquidity. Major stops and liquidity are below previous lows. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think that the growth was manipulative and we easily can see POI 1 and POI 2 IN THE CASE IF THE PRICE EXITS OUT OF THE UP CHANNEL.