Etclong
SPOTTED! $ETC is on The Accumulation Zone! Whale's Insight!Ethereum Classic is the slowest market ever, but yes there is nothing actually matter better than a great timing for entry, including one of the slowest blue chips on the market like ETC.
1. My trend indicators is quite tempting at the moment for ETC, giving a quite good signal for entry along with the other indicators. No doubt for that.
2. Price action looks flat after a bearish momentum after few days pump on August.
3. Right now holding on support line for more than two weeks which is a good time for whales to accumulate it and looking for a good time to trigger the pump anytime soon.
4. For retails, one thing you should focus on timing for entry. Ride the whale's waves is the best thing you can do in trading but you need a proper analysis for that and also not only ready the technical part but also looking for good news/sentiment because the whales also looking for the same time to find a reason to trigger the so the retailers might think that news/sentiment is the trigger.
So, trade safe!
ETC - if willn't touch stop-lossThe most stable coin at the moment of the strongest fluctuation of Bitcoin -0.26% -0.63% , at the moment, like them, the other altcoins have actually fallen to their bottom. Based on the possible Fibo levels, we can assume that the price is now located directly at its stop-loss zone and you can enter into a Long trade when you start moving up. In general, if the level of 0.786 is touched, the losses will be minimal since the price does not move so far to the level, and taking into account the location of the nearest target, risk management is not justified. So far, I place the TP levels in accordance with the Fibo levels and a strong resistance zone . Most likely in the growth process there will still be a lot of adjustments regarding the TP, but for now I am inclined to follow this scenario. The nearest really strong event is scheduled for the end of this year. So we will look at the result closer to the winter holidays.
ETCUSD - W... X... Why...?ETC has a similar structure with all other majors (usd pairs) after the bounce.
There is one difference though, its previous price action its way more different and there is a chance that it has completed the correction from ATH .
Currently channeling on a double zigzag combo which may even turn into a triple one depending on Bitcoin direction.
Short term bias: Bullish (with a chance of deeper retracement )
Oscillators bias: Bullish ( points to a bounce soon (TM) )
Technical bias: Bullish (Potential truncation ending the correction, very clear 5 waves up , reaction on the 0.65 , sell volume declining )
Zoom out:
Zoom in:
Many Possibilities Within/Outside the ChannelNot investment/financial advice, just for observational/educational purposes.
ETCUSD is currently trading inside of a channel. If it breaks out, it denotes the end of a double elliott wave combo and a wave 3 with targets of 13.13-13.49. If it stays within the channel, it denotes a triple elliott wave combo with a potential target of 11.82. Should it break below 11.80, it could double bottom at the 10.74-10.21 range.
What Would You Do? ft. Ethereum Classic Forget about ETC for a moment. Forget about the price, forget about the fundamentals, forget about everything. Just look at what's right in front of you. This right here is a piece of history, happening right in front of you. The only question is, "What would you do?"
ETC/USD Time to saddle ETC. The Benice team welcome you.
Etherium Classic, ETC has become today a dark horse that looms among the barely living bulls.
Under the slogans "code is the law" and "blockchain must remain unchanged", Etherium Classic appeared, denying the fork of the Etherium network.
It all started with the fact that they hacked an Autonomous investment Fund based on the Etherium network, from which they withdrew ETH in the amount of $ 50 million. After that, the backbone of the Ethereum developers decided that they were not ready to accept the fact of theft and returned back all the unwanted transactions.
There were also those who believed that interference in the history of the code is contrary to the ideology of the blockchain. They joined the group and created Ethereum Classic, which kept the original Ethereum network without hard fork and direct outside interference.
Unlike forked Ethereum, Ethereum platform Classic not announced any major project. The creators of Classic copy all tested Etherium solutions to avoid errors.
At the same time Etherium acts in all this history as "cannon fodder", and Etherium Classic as the cunning kitten ready to be on friendly terms with a hamster.
In General, with the growth of the market, coins of this kind are amenable to the General trend, and in the presence of a fundamental reason, they actively sway in the direction of the nature of the news.
From the official release, the following events are still to come in 2018:
August 20, 2018. Listing on the exchange Bittrex ETC/USD.
September 12th. The second annual Summit.
November 30th. "Fully compatible with the Internet of things.”
December 31st. Improving EVM.
In General, Road Map is difficult to understand. What do they mean by “Internet of things compatibility”?
White paper in the project is missing.
The speed of code update is very small, which means that there are better alternatives among the coins.
In the shell chat ETC all 5200 participants. At Bitshares with the same number of participants place in the market capitalization is much lower. In addition, telegram chat ETC gathered 8.8 thousand participants, while EOS, which also shares a place in the top ten capitalization, has more than 50,000 participants.
It follows that there is a lot of money in the coin, which is a positive signal from the point of view of the stability of the coin.
The number of transactions in the ETC network is 12 times less than in ETH, with capitalization less than 20 times. Accordingly, ETC can be considered a relatively undervalued coin.
Given the upcoming event, in THE form of etc/USD listing, there are good reasons to include this coin in your speculative portfolio.
Technically, the coin bounced from the level of 78.6 % correction to the growth of Fibonacci, pushing at the same time from 1/4 fan Gunn.
In addition, demonstrating the lows of the beginning year, the coin ahead of the other altcoins pace, went into a rebound.
In case of positive signals from the market, the coin has good reason to grow with targets of 17.500 and 22.500. At the same time, in the case of a General decline in the market, the reduction targets may be 10.200 and 6.400.
We propose to include this coin in the speculative portfolio. The entry level is 12.960. Long position with designated targets.
You can signal, too.
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Ether Classic (ETC) Descending pattern, another rally possible.ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.
Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.
I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.
This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.
Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:
ETHEREUM CLASSIC: COINBASE & ROBINHOOD? - PROFIT = 38.80% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 38.80% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 3: London Block Exchange Enables GBP Trading for Ethereum 1.04% -0.11% Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum 1.04% -0.11% -0.03% -0.75% Classic Investment Trust.
May 6: Ethereum -0.11% Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum -0.11% Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum 1.04% -0.11% Classic.
May 24: Ethereum 1.04% -0.11% Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
May 29: Open Bazaar lists Ethereum 1.04% Classic.
May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
May 31: Ethereum 1.04% Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum 1.04% -0.11% Classic.
June 7: Ethereum -0.11% Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.
June 8: Stocks Gazzette releases article that states that Ethereum 1.04% -0.11% Classic is a grossly undervalued coin.
June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum 1.04% -0.11% Classic.
June 12: Binance adds new Ethereum 1.04% Classic trading pairs.
June 12: Coinbase announces it will list Ethereum 1.04% Classic in the "following months".
June 14: Ethereum 1.04% -0.03% Classic Labs is launched that will provide a full range of support, including operating funds, technical guidance, office space, industrial resources, creative strategy consulting, & more.
June 15: SEC announces that Ethereum 1.04% is not a security.
June 23: CoinBene Brasil lists Ethereum 1.04% Classic.
June 23: Nova Exchange lists Ethereum 1.04% Classic.
June 24: RADEX: Saturn Network launches the First Decentralized Platform for Ethereum 1.04% Classic called Radex Classic.
(NEW) August 5: Coinbase announces it is testing support for Ethereum Classic.
(NEW) August 6: BitOasis lists Ethereum Classic
(NEW) August 6: Coinbase announced that, barring any setbacks, they’d be greenlighting “inbound transfers” of Ethereum Classic on Coinbase Pro and Coinbase Prime as of August 7th
(NEW) August 7: Ethereum Classic Overtakes NEO in Market Cap.
(NEW) August 7: Crypto Trading App Robinhood Adds Support for Ethereum Classic.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ETC CRITICAL POINT Traders,
- Here we have ETCUSD 4H chart.
- Twitter has a word for this pair, as any tweet from coinbase whoop to gain 10:20%.
- We had a fake breaking down as I'm indicating on the chart.
- Small triangle with this fake break, showing that we have double double ratio coming so we are talking about 60:90% gains, don't take it as a recommendation it's a humble vision of mine trade safe at the end.
Regards,
Mohsen
ETC. We test global support.I have provided global support in the form of a pink channel. This is 4 attempts by sellers to break through this support. The critical point of the coin in the price zone is $ 13-15. If buyers keep this zone, then after consolidation I expect $ 25 per coin.
If buyers do not keep price zones 13-15 $ - then the coin will go in the green scenario to $ 10.
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.