ETCUSD
2500 usd PRICE TARGETAs you can see on the chart, the fib extension 2.61 is around $2,500 per ETC. I believe this price will be the end of the Bull market.
ETC was the last to peak during the wave 3, so the big question is wether ETC will be the last coin to peak or this time the order is different?
Thank you
ETC/USD (Test 1st Key Support Area)💎Technical Analysis Summary💎
ETC/USD
-After a strong move up last June 22 by almost 100% increase
-ETC failed to regain above the 50D Moving Average
-This Moving Average acted as a dynamic resistance zone
-Now, the price is retesting the support area number 1
-If we can see a strong bounce from here, I expect a retest of 50D MA again
-But if this support failed, the potential level to watch is the 200D Moving Average
-ETC is likely shifting to range-bound trading in the coming weeks
-So please be cautious buying at support or looking for a long term position
-Good luck traders! please manage your risk properly
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Ethereum Classic (ETC) - July 15Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ETCUSD 1W Chart)
If the price is maintained above the 42.1-47.296 range, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 37.180-47.947 zone can support and move up.
If the price is maintained in the 47.947-69.480 range, it is expected that the uptrend will continue.
If it goes down from the 37.180 point, there is a chance that it will fall below the 25.179 point, so you need to trade cautiously.
However, it may follow an uptrend line, so you should be prepared for this.
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(ETHBTC 1W chart)
If the price maintains above the 0.040575-0.045 range, we expect the uptrend to continue.
(1D chart)
It remains to be seen if the 0.060306-0.065674 zone can find support and move up.
If the price holds above the 0.065674 point, it is expected that the uptrend will continue.
The 0.048795-0.053586 zone is an important support zone.
I think the big uptrend will most likely start with a break away from the downtrend line (1).
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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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 wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
It looks like recovery timeHi there
How is it going? I hope you're having a healthy time sticking to your personally crafted trading directives.
It seems to me that the market is recovering, Are we going to see 100$ per ETC again? How about 55000 $ per BTC?
I'm looking forward to hearing from you 👍🌼
ETC- 50/50 Outlook over this month leading to Magneto upgradeHello Traders,
Like most of the market, we are awaiting a continued confirmation of an uptrend.
In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades.
Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects.
Yes, they may not put off the 400% gains but, a potential 100%-200% gains will do anyone just fine.
ETC looks to be forming an inverse Head and Shoulders pattern on the hourly chart. The daily chart may be forming a short term bearish pattern leading to a retest of the bottom trend line. Unless, the recent upward movement continues and it can push past the resistance.
In any case, I think ETC can have a strong next couple of weeks, giving a 50/50 chance of solid ROI of 80%-100%, landing us in the $120.00 range.
This week, will be big for the whole market, as it will be the beginning steps to a bullish confirmation for the remainder of the year, or a slow and steady bleed.
Good luck.
ETC: Near-term forecastHi Everyone,
Just to share a near-term forecast for ETC.
I think we've recently completed 4 sub-waves and entering the 5th Elliot Wave currently.
Based on this, I expect the 5th wave to reach at least to 67USD. This corresponds to both the 24% internal Fibonnaci retracement on the higher time frame, and also close to the 61% extension of Wave i-iii.
However, this ignores fundamentals, and the action of the overall crypto market.
Good luck!
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.761).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 61.246
TP2= @ 71.248
TP3= @ 83.903
TP4= @ 95.690
TP5= @ 114.991
TP6= @ 135.735
TP7= @ 180.043
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETCUSD @eth_classicTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (39.761).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 61.246
TP2= @ 71.248
TP3= @ 83.903
TP4= @ 95.690
TP5= @ 114.991
TP6= @ 135.735
TP7= @ 180.043
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ethereum Classic (ETC) | The Lone RunnerHi friends, hope you are well and welcome to the new update on Ethereum Classic (ETC).
More than 1300% huge rally:
On 21st March I shared an idea when the price action of Ethereum classic completed the formation of a bullish BAT against the Bitcoin and entered in the potential reversal zone of this harmonic bullish reversal pattern. Finally, the priceline started a move towards the upside surged more than 1300% that was a huge rally.
A huge rejection:
After this powerful rally the priceline of ETC reached $180. The price action found the resistance at $140 because here we have several touchpoints. After being rejected by this level the price action moved down and broke down the $50 support level. Recently the priceline has again broken out the $50 resistance that was previously breaking the support and moving between the $50 and $60 support and resistance levels.
The SMAs.
While the price action found that support at 50 dollars, at the same time the price action went very close to the 200 simple moving average on the daily time frame. From here it moved towards the upside and broke out the 100 simple moving average again. At the moment the priceline of Ethereum classic coin is moving between the 50 and 100 simple moving averages. The 50 simple moving average is also working as a strong resistance for the price action. At this time it is very important for the Ethereum classic to save the supports of 100 simple moving average and the $50 at the same time.
Another bullish harmonic reversal pattern formed:
This time on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone. I share this pattern a few days back on 27th June. So far the price action has surged more than 90% after hitting the weekly 21 exponential moving average support. This time the price action of Ethereum classic can surge more. Because the previous pattern was formed on the daily time frame whereas this has been formed on the weekly time frame. Therefore, we can expect a bigger move in the long term.
Conclusion:
On the weekly time frame chart the Bitcoin has broken down the EMA 21 whereas the Ethereum classic is still having good support of 21 exponential moving average on the weekly time frame and it has also formed a bullish harmonic reversal pattern. Therefore, there is strong chance that in the long-term the ETC will surge more against the BTC in the Bitcoin market like it did previously.
The ascent is on the way "ETC" BINANCE:ETCUSDT
Looking at the diagram, we see the formation of this harmonic pattern.
If supported in the PRZ area, you can open a buy position
Tip 1: Be sure to check Price Action in the support area
Tip 2: Stick to the loss and profit margins
Third point: the responsibility of buying and selling is with you, this is only my personal opinion
BEDON FILTER
The ascent is on the way "ETC" BINANCE:ETCUSDT
Looking at the diagram, we see the formation of this harmonic pattern.
If supported in the PRZ area, you can open a buy position
Tip 1: Be sure to check Price Action in the support area
Tip 2: Stick to the loss and profit margins
Third point: the responsibility of buying and selling is with you, this is only my personal opinion
BY FILTER