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Ethereum Classic. Break up or down?Something interesting has been happening on Ethereum Classic (ETCBTC) in the last day. There's been a huge dip in volume after it jumped from .001750 to .002300. There was definitely a bearish divergence that was indicative that the price was going to pivot to the downside. We've been falling since then, but for the last ~18 hours there has been a strange uptick in volume (although the price hasn't changed much). I would consider this an accumulation zone (or consolidation zone). It's definitely trying to figure out what it wants to do next, therefore this is a no trade zone for me, however I will be keeping an eye out for movements either way. There are indicators that in the next few hours this might see an uptick in price which could allow it to break upward. The key resistance is currently being tested. Again. No trade zone here. Watch for confirmation one way or another.
by adam2web
Ethereum Classic Moving UpEthereum Classic found the bottom at $12 after which it started to move up breaking above the 200 Moving Average. The price patter shows that ETC/USD produced higher highs and higher lows, suggesting the beginning of an uptrend. At the same time ETC continues to bounce off the uptrend trendline and currently trading very close to it. Current support is seen at 23.6% Fibs, that is $15 area and it is likely that it will be retested, along with the 200 Moving Average. But price could also start moving higher without any correction and seems like the buying opportunity is presenting itself. ETC next stop could be the nearest Fib retracement level - 50%, that is $18.9 level. Break above should push price high and could potentially be the beginning of a long term uptrend continuation. As has been mentioned, the correction down is possible and in the worst case scenario price could get back to $12 support, but only break and close below that level would invalidate bullish outlook with confidence.
BITFINEX:ETCUSDLong
by CryptoPAMM
3
BTC Reached the targetWatch carefully because we are at the critical point. BTC formed a classic pattern called double top the decline 3 days ago was just its target. The pattern formed the 2 tops at 20 Feb and 5 Mar, then its break down at 8 Mar. then rebounds to around 9700 $ "it's unusual to reach this price" so BTC couldn't hold a long time at this high price, So it's decline dramatically to 7300 $ now BTC playing between Fibonacci 0.236 @ 7366 and it's target @ 7000 Hope you to take right position in right time :) Thank you ----------------------------------------------- Do not read and leave .... Like, Comment and Follow ,,,, its' so easy :)
BITFINEX:BTCUSD
by AnaKingKong
It lives! (Does it?)Well, seems that our most HODLed crypto (in the last weeks) is trying to give some life signs. The orange line was a support line I drew a couple days ago believing it would bounce there following fib retracement levels. It failed and became a resistance that was now broken. The thing is, the MACD has given some signals, and the RSI has come back from the oversold area. On the other side, since the dump started, KRAKEN:ETCUSD has been moving in between the middle and lower Bollinger bands. The bands are coming together, and it might represent an opportunity for it to go over the average. Let's see is classic is coming... back.
BITFINEX:ETCUSDLong
by Enccast
Classic Set up! $$ Makes Sense! Hey Followers I love these technical little trades, I think so many people miss them. On ETC/BTC, we have a double bottom formed (Circled in Blue) and a rally up through Resistance and the 50 EMA, price is now pulling back (turning resistance to support @0.00265. If we get a pullback to the level 0.00265 or the 38.2 Fibonacci retracement I will look to enter. The aggressive entry is to buy at the level, and I am likely to take that one. The conservative entry is looking for a bounce off the level and a Bullish Decisive bar on a shorter Time Frame (Maybe down to a 15 Minute chart), and then buy the break of the high of the bar. Aggressive entry, bottom of pullback at .00265 level (or above) Conservative entry close of bar over .00271 (so can buy above this price) Stop loss for either trade 0.00263 Targets are just before the blue lines on my chart at 0.00275 Target 1 0.00295 Target 2 0.00316 Target 3 You will need to get into this one quickly when the chance arrives. There is also the airdrop for this coin in around 24 hours so unless you want to take part in the airdrop (not my thing) i suggest we DO NOT hold this trade too long get in get out bank profit.
Long
by DollarsAndSense
Etherum Classic (ETC) Final Push?! - 5th March HardFork/AirdropHere is a trade based strongly on fundamentals. We are trading Etherum Classic based on a very strong piece of news, news that the entire cryptocurrency markets love, Hardfork / Airdrop. I've been recommending Etherum Classic since December 10th, you know we trade LONG term. Long term is safer and produces the best results. Our first buy-in range was between 0.00130 - 0.00195. Our second buy-in range was around 0.00218 - 0.00296 on the 2nd January. You can see these in my earlier trade ideas, this will be shared in the update sections. Here are the news that are likely to make Etherum Classic reach new highs, it is about the Hardfork: Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. So everybody holding ETC will receive a free Callisto (CLO) for every Etherum Classic coin. This is called a hard fork / airdrop, and people love it. This is a piece of news strong enough to move the entire price of this coin, but let's take a quick look at the charts. Charts, Signals & Indicators - Etherum Classic has been on a very solid uptrend for quite a while now. If you look at the daily chart below, you can notice that this coin remained strong even throughout this huge market wide correction, and it is still going up and wants some more. The ascending channel you see below started on the 8th December. - You can also see the MACD crossing over as well as the SMA lines crossing each other all over the place, these are the brown, blue and green lines. - The daily candles are looking awesome as well. Etherum Classic is very bullish and these signals are strong enough for one last big run before the hard fork. Here are my new targets for you: Etherum Classic (ETC) Long term targets: (1) 0.0045997 (2) 0.0055029 (3) 0.0062329 (4) 0.0069628 (5) 0.0080021 (6) 0.0093259 (All time high) (7) 0.0131489 (New all time high) Use these targets as reference points to sell. Based on the strength and momentum the coin has while going up, you can decide which target to sell at. Not all targets are meant to be reached. Etherum Classic (ETC) Shorter term targets: (1) 0.0040882 (2) 0.0046741 (3) 0.0050912 (4) 0.0056225 (5) 0.0071568 (6) 0.0096395 If you are less optimistic or want to trade shorter term, you can try the targets above. These are Fibonacci based targets. Buy-in and Stop-loss: If you are looking for a new entry point, I am not offering those. This trade idea is for all those that are following me from the beginning. But you can enter now, around the 0.0037 price range and use a tight stop loss to reduce risk. Aim for any target you like. Your stop loss can be 0.00312. Trade strategy: Sell before the Hardfork news on the 5th March. You can say a day before or whenever we are sitting high at the top. Enjoy. Thanks for your continued support. P.S. Other coins to look at now: DCR, SALT, LTC
Long
by AlanSantana
141