$ETC Ethereum Classic Market Analysis $ETCBTC$ETC Ethereum-Classic has had a nice impulse leg up. It's stalling at resistance and I'm expecting a retrace before another move. I'm bullish overall, but always cautious of set ups to liquidate retail traders as usual. Price playing out in overbought zones, some green volume which has backed off a little. This could go either way, my sense is 60%/40% favoring the bulls. I wouldn't enter here, my entry was at support, but Im not exiting here, choosing to stay in following the 9 and 18 EMA's with a trailing stop loss strategy. Re the stop loss idea with Binance its a matter of creating and deleting stop limit sell orders until they build in a trailing stop loss feature. Watch my short video of my analysis and my Binance stop loss strategy. I cover my take on Elliott Wave also: youtu.be
ETCBTC trade ideas
Prepare for a next ETC leg Situation is more than awkward. We need couple more days to go sideways and only then we will have a chance to look a buy opportunity. As for now support holds it but if BTC will go down ETC will go straight no new support line on 1900.
Trade on your risk but right now you are catching a falling and no one knows will you catch it or not.
Ethereum Classic Dual Chart Bitcoin & USD [BTFD]looking here at longer term targets for ETC
we all know why its pulling weight with a pending coinbase listing and renewed interest in the project
still not out of Coldharbour lane yet tho, so much depending on bitcoin as per usual :P
ETH on the other hand might be looking to go short the down trend and will do a TA on that soon
fanks 4 watchin and plz adhere to proper risk management
ETCBTC - small amount tradeETCBTC is struggling to break above 23.6 Fib level of last drop. I expect it to pullback once again to 0.002090 and enter a small amount long trade. Initial stop loss will be set just bellow previous lowest point at 0.001965 and can be raised later. Targeting between 2.618 Fib extension from last wave from low and 61.8 Fib retrace level of last drop.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Ethereum Classic (ETC) Bearish Divergence, drop likely.ETC has been on my watchlist for a while, and recently closed my position in anticipation for the sell-off after a 2.4% gain.
Trade can be found here
Due to the bearish divergence on the RSI, it is very possible ETC will drop, so this could be a good short position.
How to trade:
Buy in: On or above the white trendline
Sell Target
Around 2169 if this idea plays out like last time.
if we break above, this will be invalidated and a long position might be a good idea. I think it's going to drop, however.
Thanks for viewing! Please leave any comments in the section below. I will respond to all of them.
ETC Potential retracementTimeframe: 240M
Main Scenario: While only 3 of the top 100 cryptocurrencies are positive today against the Dollar, the ETC is included also losing -2.40%. On the other side, its behavior against the BTC is very positive in the last few hours, gaining 3% just today in a buying pressure that comes from yesterday and that became solid after crossing the Central Pivot Point: at this moment the price moves over the Pivot R1 in 2162 satoshis and still strong despite showing its indicators in the overbought area; the sellers are ready to press but this may not happen until the Pivot S2 resistance is reached, which is very close to the EMA-100, this will very likely be a strong joint resistance to avoid further increases. We could try for a short position if the price manages to touch the Pivot R2 even below at 2180 Satoshis where the price can bounce looking for a correction.
Alternative Scenario: It is the least likely and it could be that the price will continue to rise to go through EMA-100 and continue in the range very close to this point.
Entry/Stop Loss/ Take Profit: We can go short if the price reaches the 2180-2198 Satoshis.
T1 = 0.002143 (2.1 %)
T1 = 0.002091 (5.0 %)
The Stop Loss can be placed at 0.002212 (-1.0%)
Duration: 1-3 Days
Consolidation/Ratification level: If the price crosses the first target, you can drag the stop loss to the entry point.
Warning Level: A range behaviour during the next 24.H around the Pivot R1 will invalidate this setup,
Risk Management: Risk/Reward Ratio: 4.45
ETCBTC To the moon soon !!!!!!Good fundamental and good technical.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
ETC on its way upHello everyone. If you are looking for a coin that has some really good uptrend days ahead ETC is the one. It has formed parallel channel, hit the bottom at 236 fibonacci level and now heading up. Find yourself a good buy zone and jump in. There will be many swings on its way up so it is a good chance to ean money sticking to one chart. Good trades to you all!
Just as an idea, possible nearest Support/Resistance levels are at 2190, 2270 and 2340. These will be profit targets and support zones for SLs in future.
P.S. Push "agree" if you are or please let me know why you dissagree. It will be educational both for me and others considering this trade ;)
Ethereum Classic VS Bitcoin CorrectionEthereum Classic found the bottom at btc 0.002, that has been reached on the 24th of July. Price then went up and today broke above the descending channel, which could be the first signal of an upcoming corrective wave up.
ETC/BTC might increase towards the strong resistance near btc 0.00245 area, which is 61.8% Fibonacci retracement level. At the same time this is the level of the ascending channel breakout and where previous support has been established.
On a downside, the consolidation is possible and even spike below the recent low. But only daily break and close could invalidate the correction upwards, while the downtrend is likely to continue at that stage.
ETC gon MOON, BUY NOWAccumulate ETC below 2050
Targets
2200 | 2386 | 2637+
also use fibs to sell/buy
Stoploss
1940 | 1855
Rumor going around it might be listed to coinbase tomorrow, "scheduled maintenance" platform will be down for an hour. Buy just in case!! and the coin looks good anyways for a buy