$ETC is now on multi month support. ETC has held this multi-month support several times, and now the price is once again hovering around the same support trendline. If this support holds, then it's probably a good entry point.
ETCUSDT trade ideas
ETC PlanETC looks good at this level. If it holds, it could experience a strong upward movement; otherwise, it may drop to the lower channel.
ETC/USDT 1D Chart Hello everyone, I invite you to review the ETC to USDT chart on a one-day time frame. As we can see, the price is moving below the local downtrend line marked in yellow.
To determine support, we used the trend based fib extension tool and after spreading the mesh, we can precisely determine a strong support zone using the red color.
Looking the other way, we can determine resistance points in a similar way and here we see the first resistance at $25.49, then the second stronger level at $28.16, the third level at $30, and the fourth at $32. $61.
Looking at the RSI indicator, we can see that we have approached the lower limit, but there is still some room for correction, while on the STOCH indicator we have been moving around the lower limit for some time, but now we have a visible rebound, which may again result in a price recovery.
Where does ETC go?As we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
ETCUSDT is BullishBullish RSI divergence appeared on hourly time frame, after which previous lower high is about to be broken indicating that bulls are wining control of the price action. Price would print a higher high followed by a higher low before moving to new highs. Targets are mentioned on the chart.
ETCUSDT is BullishBullish RSI divergence seems to be playing out on 1H time frame, as the price has printed a higher high and broken previous lower high indicating that bulls are trying to win control of the price action. Price is currently printing a higher low, if it manages to break newly printed higher high, the price would move up quickly, as per Dow theory. Targets are mentioned on the chart.
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
ETCUSDT.PHello Trader BINANCE:ETCUSDT.P
deep enough to experience a breakdown on this chart, so it's better for me to take a long position in the small daily support area to ensure that the price can be reached in a short time
Please add a comment and Positive feedback and constructive criticism are important to authors and the community.
Disclamer: Not Financial Advice
Coin where you will definitely earn moneyWhy Ethereum Classic is the Ideal Asset to Buy in June
Looking for a reliable and promising asset to invest in? Consider Ethereum Classic (ETC), which shows stability and significant growth potential. The recent halving in the Ethereum Classic network has once again drawn investor attention.
What is halving and why is it important? Halving reduces the block reward, decreasing inflation and potentially increasing the value of remaining coins. After the last halving, Ethereum Classic's value doubled. Can it repeat this success? I believe so, and here's why:
Inflation Reduction: With reduced block rewards, the supply of new coins decreases, creating scarcity and potentially driving up the price.
Reliability and Stability: Ethereum Classic ranks 25th in market capitalization, standing at $4.29 billion. Since its launch on July 23, 2016, Ethereum Classic has consistently been in the top 100 cryptocurrencies despite market changes.
Long-term Potential: Many projects have disappeared from the market, but Ethereum Classic remains a strong player. This factor instills confidence in its future, making it an attractive long-term investment.
Current Situation Analysis: The recent breakout of the resistance level at $29 and support at $28.4 creates favorable conditions for further growth. While short-term volatility is possible, the overall trend remains bullish. Retesting the $29 support level suggests a buying opportunity, confirmed by rising volumes and technical indicators.
Psychological Aspects for Investors:
Emotional Benefit: Investing in a time-tested project like Ethereum Classic brings confidence and peace of mind.
Exclusivity Feeling: Being part of the top 25 cryptocurrencies by market cap gives a sense of belonging to the market elite.
Urgency and Scarcity: Halving and reduced inflation create conditions for limited supply, intensifying the desire not to miss a profitable opportunity.
Greed and Profit Potential: The significant growth potential in June creates a desire not to miss the chance to double or triple investments in a short period.
Why You Should Invest Right Now:
Historically Proven: After previous halvings, Ethereum Classic's value grew significantly. History could repeat itself!
Growing Interest: With each halving, interest in the coin increases, attracting new investors and boosting demand.
Supply Scarcity: Reduced inflation and decreased block rewards create ideal conditions for price growth.
By the end of June 2024, Ethereum Classic is expected to reach $40. BINANCE:ETCUSDT BINANCE:OMNIUSDT BINANCE:BTCUSDT
ETC ( Ethereum Classic ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
Etc After the etf news about etherum, we see jump in etherum layer 2 and its fork
Here
I described u why we should buy there with confirmation
In Weekly time frame I found my direction
In H4 based on my trading plan I should find buy opportunities
So I find here because has 3 parameters
Good move out
Strong breakout
Placed in discount area
So I will stay like good sniper to hunt it
Etc Pre-Halving Retest TrendTrend retest happened in etc.New way pre halving is impulse upward to testing last ath.Gl this is my spot position still on.
ETC/USDT Gathering Momentum for a Bullish Rally From Support👀🚀💎Paradisers, brace yourselves for a pivotal shift in the #ETCUSDT market, indicating a potential bullish surge from its current position.
💎After navigating through 2 waves of profit-taking, #EthereumClassic is primed for a temporary retreat before making a rebound from the crucial Bullish OB zone at $25.73. If
BME:ETC harnesses sufficient momentum from this zone, we could witness a vigorous ascent that challenges and possibly surpasses the upper supply zone.
💎However, if #ETC falters within this vital support zone, we may need to swiftly recalibrate our strategy. Enter Plan B: focusing on sparking a bullish thrust from a lower demand zone at $22. This level is pivotal, as a fall below it could herald the start of a bearish phase in the market's narrative.
💎Stay vigilant and flexible, Paradisers. Your ParadiseTeam remains on alert, ready to navigate and lead through the dynamic shifts of the #EthereumClassic market.
MyCryptoParadise
iFeel the success
ETC/USDT LongAs we can see, the price is based on the lower border of the uptrend chennel, which may result in an upward move to 33$.
#ETC/USDT#ETC
We have a bullish trend pattern on a 4-hour frame, the price moves based on it and adheres to its limits well
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 26.00
The first goal is 27.87
Second goal 30.16
Third goal 32.15
A 1200% gain to $400 in 2024 for ETC?Since May 2021 Ethereum classic has corrected 90% as shown on the above weekly chart. Unlike many legacy tokens ETC is one of the few building structure. The reasons to now consider a long position include:
1) Trend reversal, higher highs higher lows replace lower highs lower lows.
2) Support and resistance. Price action has left the long term downtrend channel resistance as indicated by the green arrows. Look left and see past horizontal resistance is now confirming support.
3) Hidden bullish divergence. This particular indication informs a strong move is about to occur. It happens when price action prints a higher low with a lower low on the stochastic RSI oscillator.
4) The price target. The downtrend channel is in actual fact a bull flag. The first impulsive move of 2021 becomes the flagpole. This flagpole is used to measure the target from the exit point of the channel to the area of $400
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <= 6%
Time frame for long: You decide
Return: 1200%
BULLISH CONTINUATIONDO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
Ethereum Classic 💚 ETC price will be $100 👇When will CRYPTOCAP:ETC be at $100? We'll talk a little later...)
And now about what happened yesterday with the ETH ETF.
In short, it was accepted, but not completely...
That is, sooner or later, ETH ETFs will be accepted by the form of S-1s and another gateway will open for the infusion of “big capital” into the crypto market.
Therefore:
🔹The long-term outlook is also realistic and works well
By the way, for those who don't know, the firstborn in the quarreling #Ethereum family was CRYPTOCAP:ETC which was surpassed in all respects in development by its fork - CRYPTOCAP:ETH
⌛ From history, the #ETCUSDT price has been holding in protracted consolidations for a long time, accumulating positions and eventually organizing a powerful growth trend.
Now, the support zone for the #ETCUSD price is $28.70-30.00.
If they hold it, then the blue scenario becomes more than realistic with an intermediate or final point of $100 per #ETC
patternsbreack blue pattern up : % 1790 growth
breack green pattern up : % ???? growth
do you think can be repeat?
ETC Analysis Played OutStick to the plan🔥
BME:ETC First & Grand target smashed Harder🎯🩸
20% unleveraged move captured✅
Hope you guys have made more than your monthly income with BME:ETC 💵
Happy Earnings❤️
#aqeelonline
