ETCUSD
Ethereum Classic (ETC) - June 28Hello?
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It fell from 5.889 and touched the long-term uptrend line (1).
We need to be supported by the uptrend line (1) and see if we can ascend.
If it falls, there is a possibility to touch the 4.250 point.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC-BTC/USDTI decided to show my idea in two pairs at once, as the situation is interesting in both.
For the USDT, the price rested on the support level at 6.25, now the consolidation at the exit from which I expect the momentum up or down, at the confirmation above 6.5-6.53 will be taken into the longitude. The targets are shown on the chart.
The pair to the bit also relied on the support level 6700, and formed a double bottom on the daily chart, with confirmation of the break-up will also take the longitude. The targets are also on the chart.
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Ethereum Classic (ETC) - June 19Hello?
Dear Traders, Nice to meet you.
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It is located near point 6.264.
We need to get support above 6.264 and see if we can rise above 6.442.
The 5.889 point is an important point in the low section.
You should be able to make a U-turn with support at point 5.889.
The long-term uptrend line (1) must be absolutely supportive.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
ETCBTC - Rejected at resistance, more downsideStill holding this desperate long , it turned out to be a pump for ants prior to Phoenix fork and after that, it's just declining.
I moved my stop a bit below, this trade without leverage, so I can give it more space. But honestly, I anticipate more downside here, because historically after rejection off 0.000700 btc resistance it continues to decline with 0.000500 btc target.
Marked with purple areas can be deviations.
Possibly flip short if it will be stopped out.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Ethereum Classic (ETC) - June 11Hello?
Dear Traders, Nice to meet you.
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You need to check if you can rise above the 7.008 point or above the uptrend line (2).
You should also check if you can get support at point 6.802.
Section A consists of 50EMA, 1W 50EMA, and 1M 5EMA.
If you fall at 6.802, you need to make sure you can get support in section A.
We need to see if ETC can rise after BTC rises today.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
ETC/USD breaking symmetrical triangle resistanceHello fellow traders,
Context
After being caught within a symmetrical triangle - visible on the 4H chart above - who's resistance has constrained ETC/USD's price action since ~May 30th, ETC appears to be primed for a breakout. Additionally, ETC is breaking out from a smaller time frame resistance label visible on 1H chart below (labeled STF resistance).
Indicator Analysis
The MACD on the 4H chart has been trending down ever since the start of the symmetrical triangle, and is forming a rounded bottom, now starting to trend up from below 0. The RSI appears to have bottomed out and recently broke above 50, on the verge of forming a higher high. Both these indicators signal room for growth.
On the 1H chart, the MACD recently broke above 0 and is trending upwards after forming a lower low. The RSI has formed a higher high and a lower low, and is just above 60. Both these indicate room for growth as well.
Why this projected rise height?
This rise would match the height of the triangle, and would bring ETC/USD to a level where there likely exists horizontal resistance. This horizontal resistance would come from a previous support now likely to have turned resistance. Notice how this level acted as a pivot point prior to Black Thursday's crash in the chart below.
ETC/BTC Action
The ETC/BTC pair also appears to be breaking out of a triangle structure visible on the 4H chart below. The RSI here is clearly breakout of a descending wedge structure, strengthening the bullish case. The MACD also is beginning to trend upwards with room for growth. This pair's price action supports the bullish factors found on the ETC/USD pair.
Let me know what you guys think; I'd love to hear your ideas! If you enjoyed my analysis, please follow me and drop a like; I'm trying to give as many insights as possible nowadays and would like to build a follower base to share and discuss my ideas with :)
ETC: Analysis using Ichimoku 06/06/2020H4
The visually visible upward channel, the borders of which in the near future will be tested by the price.
The ETC price is trading below the Ichimoku cloud, indicating a local correction.
RSI is near the oversold level, indicating the possibility of a change in trend.
Conclusion:
We recommend buying from the key Fibonacci support levels of 50% and 38.2%.
H1
Visually, the border of the downtrend is clearly visible.
The price slowly declines below the Ichimoku cloud.
The RSI is near the oversold level, indicating a possible end to the downward movement.
Conclusion:
We recommend buying when the RSI of the oversold level is reached, and also continuing to buy after the price is fixed above the downtrend line.
Good luck!
Ethereum Classic (ETC) - June 5Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
I am a person who does not speak English well. So, it's very likely that you're using the wrong word. Please understand this.
We will try to improve it in the future.
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We need to make sure we can climb above the 7.008 point.
You must be supported by the uptrend line (2).
The 7.685 point failed to touch and fell.
If it rises after the date indicated on the chart and fails to touch the 7.685 point, then it is possible to touch the 5.889 point.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ethereum Classic (ETC) - May 31Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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We need to make sure we can climb above 7.685.
You should also check if you can get support at point 8.3.
If it falls, it must be supported at 5.889.
You need to make sure you can touch the 10.380 point.
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** Check 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 profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section