MY MINIMALIST ANALYSIS FOR ETHEREUM CLASSIC$ETC
10.30.21
1258H +8 SINGAPORE
THROWBACK THURSDAYS
ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: ZONE FOR AN ENTRY ( PRICE ACTION OF ETHEREUM & BTC GREATLY AFFECTS THIS MARKET)
As the 2 superpowers will accumulate after breaking ATH, we can see Ethereum Classic RISE. Just prepare!
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Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
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HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology.
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Ethereumclassic
Ethereum Classic (ETC)Hi everyone,
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**
ETC (Ethereum Classic) 200% plus targetHello Traders,
This analysis is on Ethereum Classic, a hard fork from ETH. This has been a coin that has risen in price quickly as it is one of the few cryptocurrency's listed on Robinhood. That being said, we are currently breaking out of a Symmetrical triangle that has been in consolidation for multiple months. This is very bullish as we are on the cusp of one of the most massive bull run man kind has yet to experience. Please leave a comment and tell us what you think. Or stop by Crypto Kinfolk on FB and join our community.
As always, Have a green week,
Savvy
ETC Price Live Data
The live Ethereum Classic price today is $55.28 USD with a 24-hour trading volume of $1,425,042,812 USD. We update our ETC to USD price in real-time. Ethereum Classic is up 4.19% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $7,217,831,719 USD. It has a circulating supply of 130,565,479 ETC coins and a max. supply of 210,700,000 ETC coins.
If you would like to know where to buy Ethereum Classic, the top exchanges for trading in Ethereum Classic are currently Binance, Mandala Exchange, CoinTiger, OKEx, and Upbit. You can find others listed on our crypto exchanges page.
What Is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Who Are the Founders of Ethereum Classic?
Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood.
A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization (DAO) which had raised approximately $150 million in an initial coin offering (ICO) several months earlier.
Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no “official” team attached to the project, and that its “global development community is a permissionless 'do-ocracy,' where anyone can participate.”
What Makes Ethereum Classic Unique?
Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.
Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.
As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.
Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.
Related Pages:
Read more about Ethereum here.
Read more about Bitcoin Cash here.
New to cryptocurrency? Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource.
How Many Ethereum Classic (ETC) Coins Are There In Circulation?
ETC began in a very similar technical state to ETH, with the exception of how the DAO hack transactions were handled.
Since launch, however, changes in tokenomics have occurred, with participants voting to cap the supply of ETC in December 2017. The maximum supply is thus 210,700,000 ETC, roughly ten times that of Bitcoin (BTC), while ETH has no cap.
ETC uses a PoW mining algorithm, which functions like Bitcoin — miners are rewarded with new coins for validating the blockchain in competition with each other. The ETC block reward decreases with time, with the next drop due at block 15,000,000, roughly in April 2022 — from 3.2 ETC to 2.56 ETC per block.
How Is the Ethereum Classic Network Secured?
The Ethereum Classic network is secured using proof-of-work, but as a minority chain, it has suffered regular attacks itself.
These include several 51% attacks to gain control of mining hashrate and execute spurious transactions and double spend coins, the most recent of which occurred in August 2020.
Where Can You Buy Ethereum Classic (ETC)?
ETC is a major market cap cryptocurrency and is freely tradable on a large number of major exchanges.
Pairs are available against stablecoins, other cryptocurrencies and fiat currencies, while derivatives and institutional investment vehicles also exist. Exchanges that let you buy Ethereum Classic include Binance, OKEx and Huobi Global.
ETC uptrend as I see itETC has been fairly quiet since it's last rally but it's been in a channel and near some long supports. The weekly RSI has a clear level for resistance/support which I've circled. You can see where it's bounced and failed. It currently appears as if it's bounced and looking to rehold.
if it does, I'm thinking a bounce to the top of the channel, retest of the long term support. If that long term support holds, 2021 could see it move.
ETH/USDTB 4HOUR UPDATEWelcome to this quick ETH/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
ETH/USDT analysis is head and shoulder and after Trend and break and inverse head and shoulder 100MA bounce and bullish signal and 100MA break after ETH/USDT is bearish
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
THANK YOU...
ETC (Ethereum Classic), wait for the price to get out of range !hey yall ,
so as yall see , ETC is repeating the last pattern . if you look at the pattern , you'll see that price started huge elliott waves after getting out of range . then we had ABC correction waves . NOW , time for what ?
in my opinion , the best time to buy is when the price got outta range . why ? I'm saying that due to our last pattern . what are the targets ? first target is ATH , after reaching it , I'll keep yall updated on that .
after breaking above the channel , huge waves will be expected . if you put ETH and ETC charts near each other , you'll see that ETC always starts to rise few months after ETH , but with a faster pace . so don't worry about ETC being neutral now while other coins are reaching their ATHs .
so I guess let's just wait !
Ethereum Classic surely has a bright future !
if you liked the idea , give it a like .
and if you wanna see more of these , follow , heck of analysis are on the way !
also tell me your opinions on this idea in the comments .
Good luck .
ETCUSD TO $75?After seeing #Bitcoin and #Ethereum retest their All Time Highs' . It only make sense to expect these other Altcoins to follow .
Now, I am not necessarily saying ETCUSD will retest it's previous high's of $175 this week. But what I am saying is, Ethereum Classic to $75 is more than likely this week.
Obviously this is not a trade recommendation, but rather an invitation to look at how volatile this crypto pair is due to the high volume it get's from traders around the world.
₿ ETCUSDT 1D ₿ : 24.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . My personal opinion : Personal review to buy (Buy Recommendation)
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 24.Oct.2021
⚠️(DYOR)
Ethusdt 3940.00$ up or down ?hello freinds
After hitting the resistance area and forming a load and confirmation signal
We may have a correction to $ 3685
And even up to the price of 3400
This correction occurs when the support of the 3850 price area is broken
If bitcoin at the time of correction
Good luck
Ethereum Classic (ETC) - October 22Hello?
Welcome, traders.
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Have a nice day.
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(ETCUSD 1W Chart) - Mid-Long-Term Perspective
Above the 16.722 point: the uptrend expected to continue
Above 36.305-47.296 section: It is expected to create a new wave.
(1D chart)
First resistance zone: near point 69.480
Second resistance section: 91.012-101.779
Support section: 37.180-47.947
In order to move above the first resistance section, we need to see if we can sustain the price above the 57.934 point.
If it goes down, you should check to see if there is support in the support zone.
If the price moves down from the support area, it could touch near the 16.722 point, so trade cautiously.
It seems that support and resistance sections are formed in sections A and B, in sections 57.934-69.480.
However, I think that these sections are likely to be psychological resistance sections.
If the price sustains above the downtrend line (1), it is expected to break above the first resistance zone and accelerate the uptrend.
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(ETCBTC 1W Chart) - Mid-Long-Term Perspective
Above the 0.000970-0.001374 section: It is expected that the upward trend will continue.
(1D chart)
Resistance section: near the 0.001274 point
Support period: 0.000723-0.000906
You need to see if you can find support in the support zone and hold the price above the 0.000970 point.
If it falls from the support zone, it may enter the mid- to long-term investment area, so careful trading is required.
In order to transition into an uptrend and continue the uptrend, you need to break out of the downtrend line.
Until then, it is expected that the upward movement will be limited.
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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 the 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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, 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.)
Get Ready for the Great Ascension. LeakNot investment Advice. ⬆︎
As you know, we have seen ethereum and bitcoin return to their former levels.
We think all altcoins will approach record levels.
Bottoms will appear with Bitcoin's Retest.
And we will never see these levels again.
Estimated levels
Bitcoin bottoms are 47800-48600-49400-51800-52300-53300.
Our goal is to increase our Ethereum Classic number.
We will buy again at support points.
We say we have increased the number of "Etc" we have.
We are not afraid of manipulators like JP Morgan.
+mining
+macd sales stopped
+grayscale
+jpmorgan
Congratulations in advance to the new rich.
Green = low
orange = medium
red = high
ETC/ETH falling wedge#ETCETH
#ETH with ETH pair made a falling wedge pattern, that price needs to close inside and above the lower line for now, otherwise if going to close below the lower line of this wedge the fractal can lead price to zero 🤭👀. but holding the support zone and a break out from falling wedge can head up price to resistance zone around 0.022 ETH.
ETC below a strong resistance#ETCUSDT
$ETC is still below an ascending resistance (in my point of view) current zone is the same with a descending resistance that make it stronger, but a weekly close above it will release the price from this boring trend, first target of uptrend is around $66.77 that can be the target of reverse head and shoulders pattern, then there is a resistance around $80 and $85 that price can touch.
but if price reject from this strong resistance it will head down to $40.
ETC/USDT TA UPDATE! HUGE POTENTIAL COIN!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ETC (Ethereum Classic) is a very undervalued coin IMO. It has huge potential. It is currently trading above $50 and forming a huge symmetric triangle. When price breaks out from this triangle we can see a new ATH of ETC.
However, I expect a little bit of retracement. So if the price came below $50 then must grab some and hold till EOY. It can give you handsome rewards.
Entry range:- $46-$52
Target1:- $74
Target2:- $102
Target3:- $164
Target4:- $230
SL:- $32
If you like this idea then do appreciate with your likes and support.
It means a lot to me and motivates me to work more and more.
You can also share your queries and opinion in the comment box.
This isn't financial advice. DYOR before investing.
Thank you!
ETC - Ethereum Classic Next Target 60ETC is consolidated at 50 and 55, now according to me it should move to 60 and further above. Double top has formed at 74-77, we might see another fall form that point by this month.
You can buy when price moves up and daily candle closes above 54.
Like out idea, comment and follow
Ethereum Analysis, the way to 4kHello everyone, as we all know the market action discounts everything :)
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The September dip is now being bought by investors. Ether surged over 9% on Friday, the first day of October.
The ETH market has been having a good couple of days after the trend turned Bearish back in the 6th of September where the price dropped from 3981.54 to 3004.99 in 1 day, That's almost a 25% decrease in value in a 24h period...
In the last 5 days, we did notice a good increase in the price with a good amount of volume in the market. the price jumped from the 2789.23 range back to the 34411.59 today.
The Bulls are trying to reverse the Bearish trend in hopes to hit the 4000 range again.
Different Scenarios for the market :
Scenario 1 :
The market is trending near the first resistance level located at 3484.94 with a strong upper momentum movement that could push the price to the 3657.85 level where we will see a battle over control between the Bears and the Bulls, And the Bulls will try to breakout that level which would show how much power they have and people will buy in even more gaining more strengths that could lead the ETH price back to the 4000 zone.
Scenario 2 :
The bears are still holding some power over the trend and they might push back and drive the price back to the support level at 3274.92 or even the 2929.14 level.
That's where the Bulls will gather most of their forces and bring the price back up to the range of 3420.70.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The ADX is at 32.37 showing that the market is trending with a positive crossover between DI+(23.48) and DI-(23.31)
3) The RSI is at 56.28 showing good strength in the market, with no divergence found between the market and the indicator
Daily Support & Resistance points :
support Resistance
1) 3274.92 1) 3484.94
2) 3161.59 2) 3581.63
3) 3064.90 3) 3694.96
Weekly Support & Resistance points :
support Resistance
1) 2929.14 1) 3657.85
2) 2470.01 2) 3927.43
3) 2200.43 3) 4386.56
Fundamental point of view :
Ethereum is certainly making strides towards the Ethereum 2.0 completion. Just a few days ago, the project announced the arrival of its Ethereum Altair upgrade. To specify, the upgrade will be taking place sometime this month.
The purpose of Ethereum 2.0’s launch is to fully deploy a Proof-of-Stake consensus onto its platform. This model should eliminate the platform’s long-striving issues of high gas fees, congestion, and limited scalability.
"It seems like Ethereum is losing Steam. As a result, companies are looking into platforms like Cardano, which is used to build dApps, and Solana, which has seen a nearly 4,800% growth since September 2020." According to FXempire
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.