ETC/BTC 1D (Binance) Descending channel & falling wedge breakoutFA: Ethereum Classic is a decentralized Proof Of Work coin and you can earn mining, but it will be a hybrid POW/POS (Proof Of Stake) system after ETH 2.0!
TA: ETC is on historic support, it should react with a bounce after that break-out confirmation of the wedge and go for mid-line channel at least.
Current Price= 0.0006671
Buy Entry= 0.0006606 - 0.0006263
Take Profit= 0.0007472 | 0.0008094 | 0.0009152
Stop Loss= 0.0005398
Risk/Reward= 1:1 | 1:1.6 | 1:2.62
Expected Profit=16.11% | 25.78% | 42.22%
Possible Loss= -16.11%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 1440h
Ethereumclassic
LONG - ETC - Trading OpportunityAfter slowly melting away for a couple of months FTX:ETCPERP seems to have formed a bottom, and now it is breaking upwards, kumo breakout on the 4h cloud and entering the cloud on the 6h chart, looking quite promising.
Entry: 5.9575
Target 1: 6.1735
Target 2: 6.44
SL: 5.8610
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ETC/USDT 8H (Binance Fut.) Pennant on support, back to channelTA: Ethereum Classic would probably retest the ascending parallel channel if pennant manage to hold and break up.
Current Price= 6.286
Buy Entry= 6.310 - 6.220
Take Profit= 6.591 | 6.969 | 7.237
Stop Loss= 5.939
Risk/Reward= 1:1 | 1:2.16 | 1:2.98
Expected Profit= 26.00% | 56.20% | 77.55%
Possible Loss= -26.00%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 5x
Estimated Gain-time= 360h
Ethereum Classic (ETC) - June 28Hello?
Dear Traders, Nice to meet you.
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It fell from 5.889 and touched the long-term uptrend line (1).
We need to be supported by the uptrend line (1) and see if we can ascend.
If it falls, there is a possibility to touch the 4.250 point.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Break the trend lineComo's high price - breaking the base line by the contour line up
Base line failure by price up
Base line failure by contour line up
Fibonacci correction in the region of 55 to 65%
Extensive Fibonacci in the 155 to 165 percent range
Upward RSI, downward price, moving average moving 50
The above has happened at different time frime
ETHEREUM 🟩🟨🟥 How Ethereum is Making the World a Better Place🔮With ETH 2.0 getting closer and closer and Ethereum-based DeFi like Compound and MakerDAO blowing up, there is a good deal of bullish sentiment behind Ethereum. Not only that, but the rumors of crypto integration into PayPal is generally bullish for the space, and if ETH gets added, very bullish for Ethereum. The ETH chart doesn't look half bad either.
We have had a string of excellent Ethereum Idea's, let's see if we can't add another under our belt.
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Support:
S1: A quick pullback to the S1 S/R flip at the prior range where resistance was found offers an ideal entry for the bulls.
S2: Although S1 is a great entry, the S2 orderblock formed by price inefficiency during the pump is a more likely support and a smart entry point as well. Bulls might want to split their orders between S1 and S2, favoring S2 to be safe.
S3: If S2 doesn't hold, or if there is a wick down past S2, then the S3 bullish orderblock is the next best bet for the bulls.
S4: The S4 S/R flip and pivot point does offer another support for the bulls. Finding support here would reinforce the current range of price action above the main pivot point.
S5: The S5 cluster takes the bulls back to the previous range. Although there is support here, losing the main price pivot point to the bears would be a bad look for the bulls.
Resistance:
R1: The R1 bearish orderblock at the prior swing high range just above the upper trend line is the first point of resistance for the bulls. The bulls will want to break R1 with conviction either immediately or after a retest of support. There isn't a ton to be gained from faltering here much longer given how R1 has essentially marked the top of the range thus far.
R2: If the bulls can get past R1 then the R2 bearish orderblock at the prior dead cat should see a reaction on the way to R3.
R3: What would be ideal for the bulls is to rip past R2, see a reaction at the R3 orderblock created from the prior failed swing high back during the COVID crash, and then to find support again on top of R2 creating a new range.
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Summary:
ETH has been slowly and steadily moving higher, creating a range at each step of the way. There is room to pull back at each step, but for now, the bulls are going to want to break up and create a new range higher to show strength.
The ETH news is bullish and DeFi is hot, this isn't the sort of environment where we want to see the ETH bulls show weakness, so a break above R1 sooner rather than later would be a good look.
Resources:
cointelegraph.com + cointelegraph.com + www.coindesk.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
ETC/BTC (MONTHLY), BUTTERFLY & GARTLEY PATTERNS, 80-160%This is currently what I am seeing, the red lines as always are my targets and the green-line was my potential entry but then I saw the bullish bat on the 4 hr that I posted earlier so I decided to enter. For monthly, these setups are very powerful and even if it dips to my green-line and forms a different pattern, I am liking the R/R.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Ethereum Classic (ETC) - June 19Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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It is located near point 6.264.
We need to get support above 6.264 and see if we can rise above 6.442.
The 5.889 point is an important point in the low section.
You should be able to make a U-turn with support at point 5.889.
The long-term uptrend line (1) must be absolutely supportive.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section
ETCBTC - Rejected at resistance, more downsideStill holding this desperate long , it turned out to be a pump for ants prior to Phoenix fork and after that, it's just declining.
I moved my stop a bit below, this trade without leverage, so I can give it more space. But honestly, I anticipate more downside here, because historically after rejection off 0.000700 btc resistance it continues to decline with 0.000500 btc target.
Marked with purple areas can be deviations.
Possibly flip short if it will be stopped out.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Ethereum Classic (ETC) - June 11Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
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You need to check if you can rise above the 7.008 point or above the uptrend line (2).
You should also check if you can get support at point 6.802.
Section A consists of 50EMA, 1W 50EMA, and 1M 5EMA.
If you fall at 6.802, you need to make sure you can get support in section A.
We need to see if ETC can rise after BTC rises today.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ethereum Classic (ETC) - June 5Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
I am a person who does not speak English well. So, it's very likely that you're using the wrong word. Please understand this.
We will try to improve it in the future.
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We need to make sure we can climb above the 7.008 point.
You must be supported by the uptrend line (2).
The 7.685 point failed to touch and fell.
If it rises after the date indicated on the chart and fails to touch the 7.685 point, then it is possible to touch the 5.889 point.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
Ethereum Classic (ETC) - May 31Hello?
Dear Traders, Nice to meet you.
"Like" is a great power for me.
By "following" you can always get new information quickly.
Thank you for always supporting.
--------------------------------------
We need to make sure we can climb above 7.685.
You should also check if you can get support at point 8.3.
If it falls, it must be supported at 5.889.
You need to make sure you can touch the 10.380 point.
------------------------------------------------
** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section where purchase is possible to generate profits as a support point or section