Ethereum -> Bullrun Will ContinueHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Ethereum just retested and quite nicely rejected a major weekly resistance zone which was - after the break - turned support at the $1800 level.
You can also see that market structure is still bullish and there is always a higher chance that momentum will continue so Ethereum is not slowing down at all and I simply do expect another bullish impulse to retest the next resistance level at $2100.
On the daily timeframe you can see that Ethereum is currently sitting at the $1920 previous daily resistance but I definitely do expect a break above this zone considering that Friday's candle is showing massive buying pressure and then I am waiting for a retest to then capitalize on the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Ethereumclassic
Ethereum Classic ETC price remembered that it can growOver the past week, many "old" altcoins have mentioned that in addition to the ability to "constantly fall", there is another function - "price growth"
Recently, we have been updated many ideas for coins and have shown good growth: BCHUSDT, LTCUSDT, SOLUSDT, COMPUSDT and others, which can be found in our profile, and today we will talk about ETCUSDT
Buyers ETC need to make one more upward impulse for the ETC price to finally break through the first echelon of sellers' defense.
Above $24-25, there is a major cluster of shorts' stop orders, breaking through which the ETCUSD price can easily reach $26.50
And after this we will have to see which scenario the Ethereum Classic price will follow: the red or blue scenario.
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Ethereum Classic to rally toward $21 soonThe H4 market structure was bearish, with the blue line highlighting the bearish MSB. However, the previous move upward that shifted the trend bullish was used to plot a set of Fibonacci retracement levels.
They showed the 50% retracement level at $17.06- a level that was tested a few hours earlier. It offered a good R:R opportunity to long, with invalidation below the 61.8% level.
Traders can re-evaluate the market in case prices drop below $16.43
Entry: $17.31
Stop-loss: $16.28
Take-Profit: $21
R:R: 3.58
How many chances do you think Ethereum Classic will give you?
Ethereum Classic (ETC) is not a security under existing United States laws. I wonder what you do!!!
Full List of Cryptos Named Securities in SEC Lawsuits:
www.sec.gov
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Ethereum will fall like other coins ?!👋🏻 Hello everyone, today we would like to look at the Ethereum chart and possible scenarios.
Now the price is in the support zone, but we have several bearish signals:
1️⃣ Local lowering of highs and lows
2️⃣ The weakness of the entire market and the renewal of all time low on many top altcoins
3️⃣Increase in volumes on the fall
4️⃣Fixing below 50 and 100 daily MA
❗️But on the older time frame, we see a bullish structure and we can now consider this movement as a correction after the 57% rise (from $1370 to $2150).
Expecting that the correction will continue, we can predict the potential zones of the end of the correction as long as there are 2 of them:
🔹$1550 - $1630 (200 Daily MA ; Crossover of 50 and 100 Weakly MA)
🔹$1367 - $1440 (the zone of the beginning of the impulse and the trend line)
❌ Cancellation of the downward scenario will be a quick buyout of Ethereum in the coming days and a fixation above $1860 .Until this moment we would not advise considering longs.
But it is worth noting that the ethereum looks stronger than other alts and if signs of strength appear, we would buy it first in the portfolio.
❓What are your thoughts on Ethereum?
ETC Ethereum Classic | Why Forks are Useless CreationsForked cryptocurrencies, which emerge as a result of splitting from the original blockchain, often face an uphill battle to establish themselves as valuable and distinct entities. One of the primary concerns is that forks are perceived as redundant copies of the original blockchain, lacking the same level of innovation, utility, and market demand. This perception leads some to believe that forks will struggle to gain widespread adoption and maintain significant value.
Additionally, forks often encounter difficulties in building and sustaining communities and resources. Divided communities and limited developer support can hinder the progress of forked projects, preventing them from achieving the same level of growth and ecosystem development as the original chain. These challenges can also impact liquidity and network effects, making it harder for forked cryptocurrencies to compete effectively.
Furthermore, the original blockchain, from which the forked cryptocurrency originates, usually retains its dominance in terms of market capitalization, brand recognition, and developer activity. This creates a significant hurdle for forks to overcome, as they face strong competition from the established and widely adopted original chain. The success of the original chain can overshadow the forked projects, diminishing their perceived value and hindering their ability to gain traction.
In my opinion ETC Ethereun Classic could easily reach $8.30.
Looking forward to read your opinion about it!
💎 Ethereum (ETH) is on the rise! 💎 The price surged by an impressive move on May 28 surpassing a key resistance level and consolidating around $1,894 since then.
💎 This consolidation phase provides an excellent opportunity for Paradisers to consider accumulating ETH, especially if there is a pullback towards the stable support level at $1,853.
💎 The bullish thesis for Ethereum price would be invalidated if it breaks down below the $1,829 support level.
💎 As Ethereum continues its journey, it's essential to closely monitor these key levels and market dynamics Stay tuned and make your moves wisely! 💪💎
ETCUSDT: A Strong Pullback or the Start of a Wild Ride?💎 #ETCUSDT has been hugging the lower edge of the Bollinger Band for nearly two months. However, a recent change in the wind has #EthereumClassic bouncing back from the lower band, supported by the 227.2% Fibonacci level. The price has started to climb, and just yesterday, we saw a confirmed break and closure above the resistance downtrend trendline.
💎 This indicates an increase in buying pressure, and control is gradually shifting to the bulls. At the moment, BME:ETC is trading within a broad range, and we could potentially witness a rise towards the upper Bollinger Band.
💎 If the recent low at $17.35 holds firm, #ETC could see a price increase of over 20% with the next move. While this isn't a long-term uptrend, it's more of a strong pullback.
💎 But hold onto your hats, because if the price breaks above the Bollinger Band, we could be in for a wild ride. Stay tuned, Paradisers!
ETC ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETC/USDT Technical Analysis: Potential Breakout on the HorizonETC/USDT Technical Analysis: Potential Breakout on the Horizon
Ethereum Classic (ETC) is currently trading at $19.60 against the US Dollar Tether (USDT) on the 1-hour chart. Technical analysis suggests that a potential breakout may be on the horizon, with the next target being $21.14, a 7% increase from the breakout level.
LTF (1H) Chart Analysis:
Looking at the 1-hour chart, ETC is hovering near its breakout level, which could lead to a bullish move if broken. If the breakout occurs, the next target will be $21.14. However, if ETC is rejected from this level, we could see a drop in price back down to the HKEX:18 - HKEX:19 range.
Resistance and Support Levels:
The current resistance level is at $19.75, while the support level is at $19. This means that if the breakout occurs and the price goes above the resistance level, we can expect bullish momentum. On the other hand, if the support level is broken, we may see a bearish trend.
Takeaways:
ETC is currently trading at $19.60 against USDT.
The 1-hour chart suggests a potential breakout on the horizon.
If the breakout happens, the next target will be $21.14.
A rejection from this level could lead to a drop back down to HKEX:18 -$19.
The resistance level is currently at $19.75, while the support level is at $19.
Conclusion:
Based on the technical analysis of the ETC/USDT pair, a potential breakout may be on the horizon, with a next target of $21.14. However, it's important to keep an eye on the resistance and support levels to gauge potential market movements. If the support level is broken, we could see a bearish trend, while a breakout above the resistance level could indicate bullish momentum. As always, traders should conduct their own research and exercise caution when making trading decisions.
✴️Ethereum Classic Will Also Recover (222% Possible Higher high)Volume is one of the strongest indicator and can help you clear any doubts.
Ethereum Classic (ETCUSD) hit a higher low compared to June (5 months ago) but how to know if it will recover here or continue lower?
Here we use the volume indicator.
Notice how trading volume continues to diminish, it goes lower and lower.
That's your signal.
It means the current trend is losing strength.
Since the mid-term trend is bearish, as it loses strength things can turn and ETCUSD reverse.
Higher lows can lead to higher highs.
Over 222% possible on a higher high.
Easy 50% to 80%+ on a bounce.
You still need a plan to trade and your own research.
The support levels are marked with blue on the chart and can be used as a stop-loss.
These analyzes are not intended as financial advice.
Thank you for reading.
Remember to boost 🚀
Namaste.
✴️ Ethereum Classic Long Consolidation, The Bright SideIt's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022.
I will go through the whole thing because many people are new.
We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave.
ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level.
The bright side of this, the good news.
The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support.
This might be the last time we see this Altcoin at HKEX:20 something... Once it moves up, it will go strong and it might never come back down.
If it does move back, then this would be the bottom/higher low, near the current price.
The longer the consolidation phase in duration, the stronger the bullish breakout when it comes.
It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term.
Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars.
Namaste.
$ETCUSDT: Bullish trendMaybe it plays some catch up to $ETHUSDT here on the back of the Shanghai upgrade potentially being seen as a source of sell pressure by market participants, chart is certainly bullish if it closes the week over $20.78.
One of the dumbest coins around, only miners and some degenerate WSB guys have any interest in it (and Barry of course), but it is what it is. Low risk trade setup for a small position here.
Best of luck!
Cheers,
Ivan Labrie.
Cryptocurrency: Should You Invest Or Speculate?Cryptocurrency has been around for over a decade now, but there are still many first-time investors who are hesitant to explore the world of cryptocurrency alternatives. Most often, they focus on two main ways to profit from trading: trading and mining. In this article, we will discuss why mining has become almost impossible for individual investors and why trading may be a more viable option.
The Main Cryptocurrencies: Bitcoin and Ethereum
Bitcoin and Ethereum are the most popular cryptocurrencies in the market today. While many people see the potential for profit in mining these cryptocurrencies, the reality is that mining pools have become almost impossible to compete with. These "powerful hammers" have shattered the dreams of many individuals who were hoping to profit from cryptocurrency mining.
While it is still possible to join one of these mining pools, it is a costly operation that requires purchasing the most powerful equipment. The payback of such an investment is also questionable. As a result, if you're looking to profit from operations with Bitcoin or Ethereum, it may make more sense to prefer trading rather than mining.
Trader or Investor
Once you have decided to pursue trading, the next step is to choose the direction and speed of movement. Understanding whether you are a trader or an investor will be the determining factor in this decision.
An investor seeks to profit from effectively investing their capital in financial assets. Typically, investors make a single, but voluminous transaction, buying an asset in the hope of its long-term growth. Investors take responsibility for the possible consequences of this operation and take on all possible risks. They don't expect a quick return on the transaction, but they usually get a substantial benefit in the end.
A trader, on the other hand, is a professional with special knowledge and skills for effective management of both own and investment capital. Traders aim for short-term profit on sharp price fluctuations. Traders' positions usually last from a few minutes during periods of high volatility, to a few days when the price shows signs of strong growth followed by profit-taking and the opening of trade in the opposite direction.
Trading Is a Profession
It should be understood that when choosing the path of a trader, you must devote quite a bit of time to education and developing your strategy as well as your trading style. Trading requires deep knowledge of the material and an active presence at the monitor with constant control of the market, which takes quite a lot of time.
To become a successful trader, you need to have a deep understanding of technical analysis, which is perfectly suited to Bitcoin and Ethereum charts. The market can be volatile and unpredictable, so it's important to develop a strategy that suits your trading style and risk tolerance.
Investing - For Those Who Want Additional Income
Investing in cryptocurrency is a more hands-off approach than trading. It still requires an understanding of technical analysis but takes minimal time, allowing you to live your life quietly and engage in your main activity.
Conclusion
In conclusion, when it comes to profiting from cryptocurrency, it's essential to consider both trading and investing options. While mining may seem like an attractive option, it requires significant investment in equipment and resources, making trading and investing a more viable choice for most people. Whether you choose to be a trader or an investor, it's crucial to understand the fundamental differences between the two and devote time to developing a strategy and trading style. With the right knowledge and approach, cryptocurrency can be an excellent tool for generating additional income and building wealth.
Etcusdt Price will Rise again ?While the price is above the support, expect the price to rise above 23$ mark
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✴️ Ethereum Classic Update | Long-Term GrowthSomething is happening here with the Ethereum Classic chart that reveals a bright future.
Notice that back in July 2022 ETCUSDT only lasted a few days above EMA100 consolidating before moving forward.
This forward move was then followed by a strong correction which ended in a higher low.
This time around things are much difference.
Ethereum Classic consolidated above EMA100 but failed to move ahead, it went on to produce a correction yet still, within short-term and long-term higher lows.
This is a revealing fact.
We might be looking at the last time that Ethereum Classic will be available at these low prices in its existence.
For example, $12.5 USD as in June 2022 is already forever gone.
The longer a pair consolidates, the stronger the breakout.
The next time ETCUSDT moves up and peaks, instead of a strong correction to produce a higher low we can end with a long sideways consolidation phase before the next bullish jump.
Or the consolidation can have a downward slope as in a falling wedge pattern but still remaining multiple levels higher compared to now and then growth.
And this cycle repeats over and over for years to come.
Namaste.
✴️ Ethereum Classic Next Target Mapped Series ($32 to $42 Next) This is another one of the top Altcoins that I've been tracking/reading for you since November 2022.
We also did great with Ethereum Classic back in June/July before I stopped writing. This one generated great profits and it was my first DEX trade.
The next and easy target is set at $32 but it can go higher, much higher.
The downtrend for ETCUSDT ended December last year.
This is followed by a bullish breakout #1.
The breakout is followed by a correction, which is normal, and this correction ends in a higher low #2.
#3 Is the next leg-UP!
$32 Is just too easy and so we are going with the 2.618 Fib. extension for this one and that's $42 as the next target.
This is mid-term.
✔️ Mid-term for us means within 1-3 months.
✔️ Short-term within 30 days.
✔️ Long-term can be 3-6 months or everything 6+.
After our target is hit we will get another correction.
Remember that it can go much higher or a bit lower than what we see on this chart.
The next major correction should end in another higher low and then a long period of consolidation, we will have to wait and see.
But the low was set last year, the rest is long-term growth.
Higher highs and higher lows.
Thank you for reading me.
Thanks a lot for your continued support.
Oh wait! The invalidation point is December's low.
If prices go below this level this chart analysis becomes invalid and a new one is needed.
All trading above this level and the bullish potential remains intact.
Patience is key.
Namaste.
#ETCUSD - A Small but Profitable Short?Having just locked in 10% with our Long trade on #ETC we're looking at a small but well-worth-doing Short trade, expected returns of around 10%.
We've seen the price test and get rejected several times by the upper resistive trend line and now we seem to be trapped in a wedge formation - the price may trend within this range for a small time but given Crypto market sentiment after the recent Bull run, we can see some volatility coming!
We don't see massive gains on this one, but 10% is 10%!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
ETH will catch up soon. When to buy? (NEW)ETH has been holding much better than bitcoin. It has also bounced much more than BTC.
We expect that ETH will ´catch up´ and it will drop more if the sentiment overall remains bearish.
It wouldn´t be surprising if we see a strong FUD regarding ETH which would cause a stronger price drop.
ETH real capitulation most likely would cause a huge dump in the whole altcoin market.
In the chart you can see (green horizontal trendlines) where are good levels for a dollar cost averaging (for a long term investment or playing a bounce) .
Many altcoins will die and will never come back, but we believe that despite a huge drop , ETH will survive and will perform very well in the next bull market.
Good luck.