Etc
ETC nearly 20% drop incomingRight now ETC is trading near the resistance area, which previously was the support and the bottom of the range. The range has been broken, inviting more and more buyers in the short to medium term. This increases the probability of further decline potentially by 20% or even more.
Formation of descending triangle in Ethereum classic* Ethereum classic in 4H time frame forms a descending triangle with it's support near $58.5 and the above trend-line as it's resistance.
* The 200 EMA ( Exponential moving average ) is working as support for the price.
* If the price breaks the upper trend-line (resistance) we can expect a bullish move till $69.
* ETC is bearish below it's support zone.
Could Push Up from HerePrice hit the 1st yellow box target since my posting and it still maintained its price for over next 48hrs without any noticeable pullback from the box. This price action is super, super bullish. The next move to 5k can likely start from here. Still have some funding ready should it pullback and add more there. Either way, you still have the winning edge.
ETC - potential trade 🔥🔥🔥Ethereum classic has been in accumulation for a couple of weeks now. This is enough for a strong move, and it is likely to be an up move. Additionally, as long as bitcoin is in consolidation, this is good for altcoin growth. On the chart you can see the sloping trend line, the price has broken and tested the trend line as support. Now is a good buying opportunity. Targets are marked above.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETC IS A CLASSIC CASE OF INCOMING EXPLOSIONTo begin with, Volume is weak, but I am looking forward to an uptick. The cup-and-handle formation has been in the works for more than 3 months, which speaks to all the pent-up energy this coin has to offer. The resistance zone is designated in red. A breakout and retest, and then a close above the red zone will confirm an entry. MACD is poised to showcase a bullish cross. EMAs are perfectly lined up to catapult the price higher.
Ethereum Classics, Head-Shoulder-Formation, Main Determinations!Hello,
Welcome to this analysis about Ethereum Classics, we are looking at the 4-hour timeframe perspectives. Ethereum Classics in recent times has established a very important structure that will be a determining source for upcoming volatilities especially when the formation has been completed however therefore it is necessary to rightly await the confirmations before considering further. As when looking at my chart now we can watch there how Ethereum Classics established this main head-shoulder-formation with the main parts of the formation already completed consisting of the left shoulder, the head and the right shoulder. As Ethereum Classics now recently formed the breakout below the neckline this was the technical completion of this whole formation and as Ethereum Classics now initially bounced back there is this confirmation formation forming marked in red in my chart which confirms the bearish breakout to the downside and is also the setup for the further continuations to the downside and also the development of the wave C. When this happens and Ethereum Classics continues with its developments it will move on further to test the lower support and dynamic target-zone from where stabilization can emerge as Ethereum Classics reaches the proper target and also support zone, from then Ethereum Classics needs to show how it develops further and if there comes a substantial stabilization for Ethereum Classics to properly back up.
In this manner, thank you for watching my analysis about ETHEREUM CLASSICS and its main head-and-shoulder-formation with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
ETC - this level could be broken very soon 🚧Ethereum classic is pushing towards the important $60 level. This level is strong support, every time the price came to this level there was a strong buyer reaction. But now the price has approached $60 and we do not see a strong reaction, the price continues to stand near this level, it is a signal of weakness of buyers and with a high probability, this level can be broken. If the price continues to squeeze, breaks this level, and tests it as resistance, it would be a good opportunity to sell. The next target is the liquidity zone marked below.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHEREUM CLASSIC, a long term vision. ETCUSDTHello my friends, A multi timeframe analysis of ETC and a long term vision for investment. We have a beautiful W pattern which the price broke the neckline and retesting it. you can consider it and the price actions in the circles to buy it. Good luck
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