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ETCUSD

ETCUSD 1D RANGE TRADINGRanges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
BINANCE:ETCUSD
by Tradingstrategyguides
✳️Ethereum Classic/USDT (6/11) #ETC $ETC #ETCUSDTETC is in good buying force and has also broken out but still needs to close the 1D candle above the 5.5-5.6$ zone to confirm the uptrend and ETC will easily bounce back to the 7$ or even 9$ zone in this bull run 📈BUY- LONG Strategy - Buy close to 5-5.1$, stoploss if B - Buy close to 5.5-5.6$ if A, stoploss if B 📉SELL-SHORT Strategy - Sell close to 5.5-5.6$ if B, stoploss if A - Sell close to 6.9-7$ if B, stoploss if A - Sell close to 9-9.5$ if B, stoploss if A ♻️BACK-UP Plan - Sell close to 5-5.1$ if B, stoploss if A ❓Details: Condition A : "If 12H candle closes ABOVE this zone" Condition B : "If 12H candle closes BELOW this zone"
Long
by CryptoStation
1
ETC "bearish flag" and exit down to $4.ETC is ETH fork since 2016, which has never been able to fix in the top division of the crypto world. Throughout its history, the ETC team has conducted a number of hard forks to improve network performance. And also underwent several 51% network attacks. There were also rumors that the team left the project to the mercy of fate. In principle, this is all that came to mind over the past 4 years) Perhaps there is a benefit in mining this coin? Please, write in the comments, because we are not strong in this matter, thnks) For our part, we can say that the historical high $47 for ETC cannot be achieved. It looks like the ETC price has been trading under the bearish flag for the last two months. It is unknown how the altcoins will react when Bitcoin starts correction or fall. The price of a classic can rise to the middle of the channel - $5.36 or up of the channel near the level $6 . And the fall may start from the current indicators. The result in all cases will be the same - the level $4 will strongly attract to itself. ________________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
1