Analysis: ETC(Ethereum Classic) is at an Interesting Point Ethereum Classic performed a 2x move last month. After a while of a downtrend, ETC is now consolidating. What makes this coin "at an interesting point"? Let's look at the 4H chart and see what we have.
1. Recent RSI Bullish Divergence,
2. 0.618 Fib support
3. consolidation between 0.618 and 0.5 Fib
4. Falling wedge pattern(usually bullish)
While there are bullish signs, there are bearish signs, which are
1. 0.5 Fib resistance
2. Upper channel resistance
3. Price below 4h EMA 100
4. RSI 50.0 Resistance
Forecast
Price can either go to $30(0.786 Fib support) or beyond $50. It may go down if the falling wedge and 0.618 Fib breaks to the downside. It may go up once the upper channel, EMA100, and 0.5 Fib breaks to the upside. Will update this post as time passes.
As an extra here are things to watch out for
1. Upper Channel breakout
2. RSI crossing 50(or 70 for a strong move). 50 is an RSI resistance
3. 4h EMA100 breakout
4. Bitcoin(maybe Ethereum) Prices, may influence the prices of ETC
5. Wedge breakout either way(white transparent background)
6. 0.5 or 0.618 breakout(consolidation area)
Thanks for reading this post, stay tuned for my next analysis! Also, if you are willing to, please give feedback in the comments, thanks in advance.
Ethereumclassic
ETHEREUM LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETH as we are rejecting an important area of ,,support,, bullish orderblock area on H4 + institutional figure 3000$ price takes out liquidity below it and quickly reverse to the upside. If we will see there a bullish closure above we will go higher. A lot of bearish imbalances also left on the bearish move that should be closed ASAP.
GREED/INDEX Indicator tells us that today crypto market is in a extreme fear market sentiment meaning there is a good buying opportunity.
Stock Market wants go up from a FUNDAMENTAL / TECHNICAL perspective. We have a positive correlation between stocks/crypto and this is another reason why we will go up from there.
What do you think ? Comment below..
ETHEREUM LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on ETHEREUM as price rejected an important area of ,,support,, if you will that's the bullish orderblock area on the H4 3160. Price also taked out the sell side liquidity aka buy stop losses below the old low. The reason i am not bearish right now on ETH is that price has A LOT OF bearish imbalances on the H1/H4 timeframe and i don't think we will go lower without filling those price ineffiecieny. First targest for the LONG order would be somewhere around buy side liquidity old high liquidity pool 3300$ price area.
FEAR/GREED Index on the CRYPTO market says we are in FEAR now, meaning there is a good buying opportunity.
What do you think ? Comment below...
Ethereum Classic (ETC) - April 7Hello?
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(ETCUSDT 1W chart)
Primary resistance: around 68.79
Secondary resistance: 90.48-101.33
Support: 36.26-47.10
It is important to be supported in the section 36.26-47.10, so you need to check it.
(1D chart)
(buy)
- After confirming the support around 36.26
- After confirming the support around 47.10
(Stop Loss)
- When it drops from 29.66 and is resisted
- When it falls below 26.52
(Sell)
- When receiving resistance near 68.79
- When resistance is received in the section 90.48-101.33
However, if it rises above 57.55, a sharp movement is expected, so careful trading is required.
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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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
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ETHEREUM - Under Pressure..againETHEREUM has a lot of competition.
Yes it's the most 'stable and safe' they say (🙄 is it? ref: www.theblockcrypto.com )
🤨It probably isn't: ref www.forbes.com
🤫Let's be honest now: I believe that FOR SURE it isn't: ref www.cryptopolitan.com
So anyways, it's the most expensive one..that's a fact, no debate!
Do you still wonder why I don't like it all that much? 🤐
One Love,
the FXPROFESSOR
(low gas fees, high performance analysis)
Ethereum Classic Potential BART - the next WAVES?Ethereum Classic / BTC 1D chart is showing a breakout in price, but with very low volume compared to April last year.
Price is currently quite high, and as you can see on the ETC/USDT 1 hour chart, buying volume has been falling and falling.
In the last few hours, we have seen selling increasing a lot.
You can also see the red volume falling underneath and retesting the Blue trendline on the Volume Oscillator, indicating a potential downwards move. What this basically means is that the buyers volume was rejected at a certain point and the sellers are taking control.
We also see a bearish Head & Shoulders pattern form on the 1 hour UNDERNEATH the Blue moving average price trendline, inside of a bear flag.
We could see a MASSIVE drop here - the chart is quite similar to WAVES - we are seeing distribution here at high levels after a low volume pump.
So why do I say BART?
Take a look on the 1 hour chart on the right. Look at the Volume oscillator. Do you see how price is rising but Volume is going lower? (See thick red resistance lines drawn.) This is bearish divergence in volume and detects MID TERM DISTRIBUTION.
Resistance is at 46.4 on Kucoin, or you can breakout trade. Good luck.
ETHEREUM SHORTS 📉📉📉📉 Expecting bearish price action on ETH after price takes out buy side liquidity on the H1, this night we had the asian rollover meaning the whales pushed price to take out stops and then quickly reverse. We can clearly see now the price is forming higher lows and lower lows meaning the strucutre is bearish confirmed with bearish bos (break of strucuture)
What do you think ? Comment below..
ETHEREUM waiting for retracement to long 📉📉📉📉 As i said in the title i am bullish on ETH but not from this area, i will wait for a retracement into bullish orderblock h4 area somewere around 2900-3000$ institutional figure. If we take a closer look at the PA(price action) and market strucutre we can clearly see that the price shifted the bearish market struutre into bullish with a failure to make a swing lower somewhere around 2500. Right now we have a bullish BOS (break of structure) a retracement will be great from a technical standpoint to make a LONG entry on this trade.
What do you think ? Where we go from there ?
Comment below..
Ethereum Classic not as Ethereum Modern
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are ran exactly as programmed without the possibility of censorship, downtime, or third-party interference.
Ethereum Classic is a distributed network consisting of a blockchain ledger, native cryptocurrency (ETC) and robust ecosystem of on-chain applications and services.
Rank #29
Coin
On 282,810 watchlists
Ethereum Classic Price (ETC)
$55.98
1.05%
0.0008644 BTC0.48%
0.01207 ETH1.07%
ETC Ethereum Classic: 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for Ethereum Classic (ETCUSD).
Ethereum Classic price on a monthly chart shows multiple areas of resistance. Price has a chance to move back down with the Fibonacci Retracement levels shown along with 200 SMA and RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
ETC Ethereum Classic to the moon! 🌝 100.00 + usdMy prediction for Ethereum Classic is a whopping top out price 100.00 + usd. Once it breaks the 40.00 usd resistance level it should appreciate and double it’s value. As you can see it has gotten out of the bottom and is now bullish holding above 13.00 usd. The price should start spiking up and make a quick double top before a small sell off, then it’s off to appreciation. This is my idea! If you take a chance and risk it, the reward may be huge. Invest and trade at your own risk, research, and beliefs. This is not advice.
Good luck everyone.
Hacked? The Problem With Cross-Chain Tokens and PlatformsLately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems.
To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized. But individual projects and platforms (including DAOs and DeFis) might be vulnerable.
Crypto projects get hacked in two main ways:
1) For efficiency/speeds, crypto projects built on top of certain blockchains often have to be centralized to some extent in order to get the results needed. This often leads to vulnerabilities that can be targeted by hackers (ex. 1 login/password that gives the intruder access to everything).
2) 51% attacks - if the hackers are willing to front enough money to own 51%+ of the tokens, they can use that leverage to basically control the whole blockchain for their own purposes at any time. This gets more difficult as the network grows (since it becomes more expensive to reach 51%+) but smaller blockchain projects are vulnerable to these types of attacks since it requires much less resources than trying to target larger networks. (The major coins out there are basically impossible to 51% attack at this point.)
Because Web3 projects is still in its early stages at this point, breaches like these may become more commonplace and people may end up losing a lot of money if they're not careful. Buyer beware, either way.
According to Vitalik, the solution to this problem is Maximalism a "healthy intolerance" of other forms of thinking. (This is an April Fools joke, just in case. lol)
vitalik.ca
Just a "classic" Ethereum (ETC) bull flag chartHey everyone,
Nothing special here, maybe a little as I just wanted to share that view on ETC and usually its Ethereum not the "classic" one, because it looks like very nice bull flag with break out and retest played out & it feels to me like a very nice R:R entry.
but there is something furthermore going on behind with ETH & ETC in next months, so I would pay attention to ETC this year.
Trade safe and keep your mind focused
Cheers
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
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Ethereum Momentum Stalling? Ethereum
Intraday - We look to Sell a break of 3329 (stop at 3401)
We are trading at overbought extremes. A higher correction is expected. A break of the recent low at 3335 should result in a further move lower. Risk/Reward would be poor to call a buy from current levels. 20 1day EMA is at 3080.
Our profit targets will be 3124 and 3054
Resistance: 3500 / 3600 / 3700
Support: 3400 / 3300 / 3200
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum classic AND Bitcoingold BTG Hashrate (Tug of war)Tug of war between Ethereumclassic and bitcoingold BTG for ethereum hashrate.
As fundamentals of both cryptos are pointing for big shot.( short squeeze)
As all the technical analysis are pointing in Oversold category.
Ethereum miners are looking for switch to other cryptos as they cant ruin their big miners investments in ethereum.
HUGE HASHRATE SHIFT TO THESE TWO CRYPTOS ARE EXPECTED.
Ethereum to Break Lower? Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes. A higher correction is expected. A break of bespoke support at 3300, and the move lower is already underway.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ETC possible scenario and 2nd leg.. Folks,
It hurts if you see a CRYPTO classic breakout as we see here on the chart for ETC and you have missed it..
But most of the time these breakouts these strong tend to give 2nd chances in the form of a 2nd leg..
Be patient.
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