ethereum classic made a big profitEthereum classic is heavily overbought, I think it is necessary to liquidate longists, indicators are overbought,
this is a signal for a correction!
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Ethereumclassic
ETC: revenge short?I've shorted ETC from 19th until last night, I didn't close the short when I was in good profit because I was waiting for a deeper dump. Yesterday I closed at risible profit because I was unsure about the daily opening (better this than loss).
However current price action is showing more bearishness and price is piercing out of this rising wedge so this might easily be a green light for another short, a revenge short if you want. I'd check 25.37 USDT level, a 4h close below that price it's a confirmation of breakdown
Indicators are bearish, you can either short and exit at TP1 or even do it in two steps so TP1 and TP2. Off course I'm still deciding whether to wait for confirmation or enter right now, do as you wish.
Ethereum topping? Ethereum
Intraday
We look to Sell a break of 1487 (stop at 1541)
Trading within a Bullish Channel formation. 1488 has been pivotal. Short term momentum is bearish. Trend line support is located at 1500. A break of the recent low at 1497 should result in a further move lower.
Our profit targets will be 1341 and 1301
Resistance: 1550 / 1600 / 1650
Support: 1490 / 1450 / 1400
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum Classic Targets $77 (195% Profits Potential)This is why we focus our trades on the smaller altcoins rather than the big ones.
Smaller capitalized altcoins have higher potential for growth.
After a stop-loss hunting period, ETCUSDT had a strong volume breakout and is ready to move up.
$37 Is the easy target, still big growth.
We can see it going up to $77 and that's a huge 195% potential from the current level we are on.
This is my first DEX trade and it is paying really well...
I am very happy -extremely GRATEFUL- with the results.
I can be impatient in mind, playing in my mind saying to myself that I am impatient, but the trades... I do not touch.
I wait and wait and wait, patiently...
And only sell when the next resistance hit.
That's a sure and easy way to win.
Thank you for reading.
No need to comment.
No need to "boost"...
All that is needed is that you use this information for your own success.
That you profit from this information or that you learn something or in the least feel entertained.
Everybody has to do their own research.
There is always the potential for loss.
Trading involves risk.
If you can't take a loss, this business is not for you.
But if you can, that's part of the game and as you learn you will win long-term.
Thank you for reading.
This is Alan Santana!
I am wishing you the best, now & always.
Namaste.
ETCUSD Struggling to break the 1D MA200Ethereum Classic (ETCUSD) has been trading within a long-term Channel Down since late May 2021. This full year of rejections has seen the price make a Lower Low on the -0.236 Fibonacci extension level every time. The Lower High usually comes around the 0.618 Fib, marginally below which the price is now.
In fact, it is struggling to break above the 1D MA200 (orange trend-line), after the rejection on July 19. Technically, with the 1D RSI rejected above the overbought region, this is a sell signal towards at least the 1D MA50 (blue trend-line). Even a marginal break above the 0.618 will still be a sell signal. Make sure you always have the SL tight as the closer we get to the Lower Highs (top) trend-line of the Channel Down, the more likely a break-out becomes. The way it is now, a break above the top (around 41.00 now) signals a complete shift to bullish sentiment on the long-term.
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ETCUSDT(Ethereum Classic) Daily tf Range Updated till 22-07-22ETCUSDT(Ethereum Classic) Daily timeframe range. for any alt quality volume and retail interest are big factors. we can see both into this chart. and for that the price action been reasonable here too. provided swing setups , position setups and scalp setups. of course as its alt there will be always risk. but there are levels of risk. compare to many other alts out there with bat shit crazy price action there are very few with reasonable price action.
ETHUSD - 8h AnalysisHello there all,
Here's the ETHUSD analysis outlook potential direction.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section.
This is not financial advice. 🙂
Thanks all.
⁉️ ETHEREUM- Market AnalysisHello traders!
⁉️This is my analysis on Ethereum .
Here I expect price to go higher to fill the imbalances and to reject from bearish orderblock for a short retracement. I am looking for long position around price level 1400.00.
Like, comment and subscribe to be in touch with my content!
ETC/USDT ShortOur chart is indicating bearish path for etc in the next few days. Why?
- There is a possibility we do a breakout on the trendline and reverse from the Fib level&vp line last session. We will open a short signal up on confirmation ( at the trend line ) as the chart indicates!
Our take profit will be at the golden channel in the fib, it's a buy zone as it also contains pivot points support & Vp line.
Have a good day & I hope you like my scenario. keep it up y all
Ethereum Classic Grows 101% In 10 Days... Can Do More!ETCUSDT has grown by a massive 100%+ in the last (MASTER NUMBER 7) days but more growth is absolutely possible...
The give away signal on this chart is the huge volume.
Notice the last two candles...
The potential is on the chart and it goes all the way to 99% but personally we are happy at 38% from current price and maybe up to 65%, but we stay conservative and always secure profits along the way.
Everybody has their own system/strategy, their own best method on how to sell to maximized profits.
Make sure to withdraw as much as you need as your trades develop because what comes after the bullish wave, we don't know... Can be a classic retrace or something we are not prepared for.
Namaste.
Ethereum Classic (ETC) - July 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ETCUSDT 1W Chart)
www.tradingview.com
If it touches the resistance section of 36.26-47.10 and falls below 30.50, Stop Loss is required.
(1D chart)
The key is whether it can move higher than 30.50.
To do that, we need to make sure we can keep the price above 22.51.
The interval 36.26-47.10 is the interval that determines the trend.
Therefore, if it is supported and rises in the 36.26-47.10 section, it is expected that the uptrend will continue.
If not, Stop Loss is required to preserve profit and loss when it falls below 30.50.
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Why is the price rising and why is it falling???
You don't have to waste time trying to figure out the reasons for the rise and fall, because you don't know how far it will rise or how far down if you know the reason.
If you find a reason, you can create a basis for subjective judgment and proceed in a strange direction.
When the price rises, it is better to focus on which section to sell and check the movement of the chart.
You can respond based on whether you find support or resistance at the support and resistance points on the chart.
When you start trading, you sometimes overlook the current movement and unconditionally hold on to the desire to get more profit.
It is extremely rare and close to luck that such holdings can yield large returns.
It is often the case that after earning a large profit from such good fortune, they trade excessively and return the profit.
The stock market or coin market is an investment market that earns money by reacting.
Thus, it is a market that reflexively gains profit by identifying price movements and responding appropriately to reduce losses.
If you trade to get more profit, you will overlook the loss and end up trading with a big loss.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Ethereum Classic Price Analysis — July 18Ethereum Classic has tapped the critical $23.00 line for the first time since June 6, following a consecutive six-day rally. ETC also breached the daily 100 EMA for the first time since March and stands the chance of prompting a momentum change if it closes the day’s candle above this line. Better still, ETC could put $30.00 back into focus if it manages a candle close above the $23.00 mark.
However, the price appears to be in overheated conditions (see stochastic indicator), warranting some cautions on bullish bets. Regardless, the cryptocurrency stands a real chance of sustaining the newly acquired bullish momentum. As mentioned earlier, the price rejuvenation comes after the confirmation of a possible launch date for the Ethereum Merge upgrade.
Meanwhile, my resistance levels are $23.00, $25.00, and $30,00, and my support levels are $20.00, $18.00, and $17.00.
Total Market Capitalization: $1.01 trillion
Ethereum Classic Market Capitalization: $3.06 billion
Ethereum Classic Dominance: 0.3%
Market Rank: #24
Bitcoin & Ethereum Will Follow | Ethereum Classic LeadsWe are aware that the cryptocurrency market is all correlated and all the cryptos tend to move together, specially the Tether (USDT) pairs.
Whenever Bitcoin goes bullish the altcoins USDT pairs also go bullish.
If Bitcoin crashes so does the altcoins.
This chart is for Ethereum Classic vs Tether (ETCUSDT), just notice todays candle.
It has really high volume, full green, trading above EMA50 and going straight up.
The ETCUSDT chart is also identical to Bitcoin and Ethereum in that the initial low was set 12-May followed by a lower low on 18-June.
A little tip on how to spot a bottom.
When a correction/bear market is taken place, prices dropping, volume tends to stay flat until a panic force comes in and volume grows strong on the first drop (12-May).
On the second drop which is a lower low (18-June) the volume becomes lower than the first one, this signals that the bottom is in (bear momentum loses strength).
Back to ETCUSDT, it is moving strong now while Bitcoin and Ethereum consolidate.
My theory is that Ethereum Classic won't move alone...
It only grows if the king grows.
In that case, Bitcoin and Ethereum are very likely to follow...
That's just my view of course.
But I will be here tracking the charts to see how it goes.
Namaste.
Ethereum Classic Falling WedgeLooking at Ethereum Classic (ETCBTC) we have a falling wedge pattern that is yet to break.
We have two levels where this pattern can be completed.
(1) Reaching the 0.5 Fib. retracement level at 0.0007107.
(2) Reaching the 0.618 Fib. retracement level at 0.00006799.
The second level is normally the stronger support but prices can bounce anytime.
There is a 17% target mapped on the chart, short-term.
Mid and long-term there will much more growth.
Namaste.
Ethereum - Bullish calls are falseWe maintain a bearish outlook on Ethereum. Accordingly, we also maintain our price targets of 900 USD and 800 USD. We have no reason to change our bias due to persistence of bearish fundamental and technical factors, which we detailed in our previous posts on ETHUSD.
Illustration 1.01
The picture above shows the weekly chart of ETHUSD. Two moving averages, 20-week SMA and 50-week SMA, continue to confirm the medium-term/long-term bearish trend.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
The picture above shows simple support and resistance levels for ETHUSD.
Technical analysis - weekly time frame
The weekly time frame coincides with the daily time frame. RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ethereum: heading back down!Ethereum
Intraday
We look to Sell at 1175 (stop at 1211)
Expect trading to remain mixed and volatile. 20 4hour EMA is at 1175. Short term bias has turned negative. We look for a temporary move higher. 1193 has been pivotal.
Our profit targets will be 1086 and 1066
Resistance: 1150 / 1200 / 1280
Support: 1100 / 1050 / 1000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Ethereum posting higher lows? Ethereum
Intraday
We look to Buy at 1151 (stop at 1114)
Short term bias has turned positive. We look to buy dips. 20 4 hour EMA is at 1143. Bespoke support is located at 1150.
Our profit targets will be 1248 and 1278
Resistance: 1200 / 1250 / 1280
Support: 1150 / 1100 / 1050
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.