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ETCUSDT trade ideas

ETC/USDT idea for upcoming week!Morning traders :) This weeks one of top coin we will be talking much is going to be ETC (Ethereum Classic). Overall we see this coin going for a bearish mode in upcoming days BUT due to the Merge of ETH there might be some pump before the dump as they say. Our main target here here $31.77 which is lower line for the flag pattern! Secondary target will be actual only once we breakdown from that flag pattern (And this break down should be very sweet) ! We see that bulls might go for another bullish run before the merge of ETH which would result "Pump n Dump" as we said. We suggest to hold most of your assets in USDT and wait for the best entry possible! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
7
bullish flag can make another leg up for ETC#ETC/USDT $ETC had more than 140% increase since my analysis from 6/12/2022 and broke out from descending trend line. 🐮 now price shaped a bullish flag pattern and we just need a confirmation of the weekly candle to close above the channel. so if we have this confirmation price can increase toward 1.618 fib level of last swing high (which is between upper trend lines) to complete flag Pattern and also it can be AB=CD pattern that can be complete.
Long
by parissap
10
🚀(ETC/USDT analysis)The #2 suggestion as a Ethereum POW alternative, for gpu miners , is Ethereum Classic,with an good potential to grow ; 🔹Rank #18,/ kind : coin POW \\ Market Cap:$5,299,956,329\\ Total Supply: 210,700,000///136,798,752.42 ETC 65% ====> good 🔰What is Ethereum Classic (ETC)? Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC. 📊Technical POV : Since may 2022 ,ETCUSDT has been declining in a descending broadening wedges as a bullish pattern until now , so if be able to take over current yellow (pivot) zone and have a valid breakout of descending trendline , it will continue to rise to higher resistance zones , but otherwise may be rejected and can fall on the lower support zones as a pull back ,and then can start to rise again ! ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
by PRO_SMART_Trader
3
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline . If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset: If you connect these closing price and draw the line, it becomes a line chart: Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes: Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red: Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target: Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout. Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍 _________________ Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
35
ETC- ''So close no matter how far'' It takes one key level to Buy/Sell and it can really make us money as much as it can go wrong. In any case, with the Ethereum merge coming closer volatility is almost a guarantee on Ethereum Classic, more than Ethereum itself. Levels: 31.17 is the key level here, acting as support at the moment. Very likely to be revisited as the price is below 34.46 resistance 42.60 is the roof for now. I got lucky to be honest and exited yesterday on time 22.99 is the level I personally will buy Big if we get to go there. Yes, everything is possible so prepared for everything here. If 31$ is lost the distance to 23$ is just like Metallica's 'Nothing else Matters' song: ''So close no matter how far'' What do I mean? Look at yesterday's 32% rise and back. That's exactly what i mean.. 30% is 'Far way' yet it was only a matter of hours, thus so close! Those with patience and a plan can get rewarded. Hope my chart can help (you and me) One Love, the FXPROFESSOR
by FX_Professor
3
ETC/USDT 4HOUR 😊Hello to the respected members of TradingView 🥇🎯 Ethereum Classic was able to break its 200 EMA to the upside again. Currently, the price of Ethereum Classic is hitting the ceiling and floor of the blue channel, and the price has also reacted a lot to the midline of the blue channel, so the blue channel has high credibility. If the price stabilizes above the $45.70 level. It has the ability to achieve the targets of $51 and $57. Otherwise, the price with the break of the $31 level and also the break of the green daily trend line, the level of $28 and the daily support of $25 is the barrier to the price of this currency. Arztoday Team 🎗
by arztoday
$ETC Broadening Wedge breakoutETC attempting to break out of the broadening wedge as it tests the Bullish control zone once again on the RSI. If we can hold above 40, historically we will try to go test that zone around 76, or if we really get going, the 1.618 and .886 sits around $130. It really depends on Bitcoin in the end but with the merge coming up, and the general nature of POW coins into a distribution cycle, id expect this one to do well and would be interested in a few other POW chains as a sympathy. Fair disclosure, we have been long this one since the prior trade setup i posted july 14th, which is linked to this idea as well.
Long
by TradingNomadic