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Ethereumclassic

ETHEREUM IN IRREGULAR CORRECTION - Head and Shoulders formation?Looks like we are in Wave 4 of the 5 wave series for Ethereum A-B-C irregular correction Macro-level In a complex A-B-C correction W(A) is a 3 wave (orange) W(B) is a 3 wave structure and usually ends above W3 (purple) Wave(C) is a 5 wave and drastically drops to the start of W(B) or a little lower If we are in the downward cycle with the changes in the FED and other markers we might see this in an irregular correction to extend for some time. Micro-level ------------- 1) since we are in Wave (C) its going to be a 5 wave structure. I guess we are just completing W(1) in Wave(C) 2) we might see W(2) in W(C) go back up to 3985 mark 3) We see the right shoulder forming now with subwave w(2) and w(3) in wave (C) Please comment and appreciate your feedback
BITFINEX:ETHUSDLong
by JAN360
4
Maybe time to switch to the real Ethereum?Having a look at the ETCETH chart you can see Ethereum Classic broke up bullishly from a months long downtrend, created an inverse head and shoulders, and has just passed the neckline. It also broke above the 2HR EMA ribbon, which has flipped fully bullish, and is above the 4 HR ribbon as well, it’s just not fully crossed over to a bullish moving averages ribbon. Also worth noting, in 2021 ETC had higher returns than ETH and BTC combined. The price has fallen significantly and while others are bearish, I see the ETC Cooperative hiring more developers, more 3rd party projects getting built on chain, and I am BULLISH. Sell ETH. Buy ETC. **Not financial advice www.tradingview.com
Long
by BrianVS
ETHEREUM - Updated chart Ethereum has been one of the greatest success stories in crypto. At the same time it has been the greatest gas burner of all times. Will be punished in due time as competitors are coming strong. In our last idea we were expecting a correction: The asset was clearly 'under pressure' together with Bitcoin: Personally and I advise you to do the same: I carry spot on various assets, i use leverage to either play (high leverage is gambling) or small leverage to go short on some assets and hedge against my exposure in spot holdings: Ethereum has been a great Short position for me and allow me to say that it is still open...I did close it partially but that's what i normally do anyways (multiple TP levels). Same with Etrhereum's Dog (Shiba). Forgive me if you are an Ethereum Fanatic; Ethereum has outperformed Bitcoin, Nasdaq and SP500 this year. Big Bravo regardless if I am not an enthusiast. One Love, the FXPROFESSOR
BITSTAMP:ETHUSDShort
by FX_Professor
1
It has reached good points for long-term investmentIn the daily timeframe, it has reached good points for long-term investment, and you can enter in this range and if you test $ 28, in that range for the long term. A negative trend line (RSI) is observed, which has been reacted to this line many times. If this negative trend line is broken on a daily TF, it can give traders a good profit. Currently, in the range of $ 33, there is a weakness in the trend, and it can have a return to the range of $ 36 and $ 38.
by MonoCoinSignal
4
Ethereum Classic (ETC) Broke Out With Bullish DivergenceBroke out with bullish divergence: On the daily time frame, ETC has broken out the down channel with bullish divergence, as the priceline is forming lower high and RSI is setting higher high. Tested strong support: The prcieline has also tested strong support of $28. This support is not broken down since April 2021. The way the price action has bounced from the strong support and broke out the channel can be a big signal for a big rally soon.
Long
by moon333
Everything goes according to plan! Hello friends, A Possible scenario is shown in the chart. As you know, this pattern is a Pennant (See attached Idea). It's taken me a little time to discover whether the pattern is a real pattern or a disguise, Now I know it's true. ETC (4h)-Technical section: RSI *** 53.73 DMI is Neutral Oscillators: Moving Average Convergence / Divergence *** Buy Momentum Indicator*** Buy Bull Bear Power is neutral Moving Averages: Ichimoku Cloud is neutral Volume Weighted Moving Average *** Buy Hull Moving Average *** sell For more details, See attached Idea. Why ETC?
Long
by BTC-XLM
5
ETHUSDT new entry pointsETHUSDT trade so far moved in well organized way and we earned 3000+ PIPS profit. NOW there is two possibility in case of market liquidation situation. Trade can revisit again in yellow bar supply zone area. keep one position in that area and keep holding your existing entry around third 3D point of entry. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button.
Long
by AussieLeader
Ethereum is bearish like almost all crypto marketEthereum recovered very quickly after last week's dump and in the long term, in my opinion, is the most bullish from all Big 4. However, as a rising tide lifts all bouts, same a falling one sinks them, and I also expect Eth to fall if the selling pressure continues in the crypto market. Technically speaking, since 10th November ATH, we have had lower highs on our chart and clear and strong support in 4k zone. A fail from the bulls to hold this support could lead to further losses and a new dive to last week's low. Also, if we consider the pattern from 10th Nov by now a symmetrical triangle, the measured target is around 3k, which also is important horizontal support. Disclaimer: This is only my opinion and not financial advice. Do your own research before entering a trade based on my analyzes.
BITSTAMP:ETHUSDShort
by Mihai_Iacob
19
Ethereum Classic Invalidates its 1-2 Setup: Warning Shot?Ethereum Classic ( ETCUSD ) spiked down HARD along with the rest of the crypto universe between 12/3 and 12/4! The whole sector crashed so hard, in fact, that many technical supports were broken with ETC being no exception. Breaking below the 32-38 range means that ETC has pulled back LOWER than the origin-point of what we were calling the Subwave (i), so the purple primary impulsive path has been invalidated. We have more or less confirmed that the bearish red alt pattern is in effect. More specifically, I have added the new GREEN pattern which interprets the correction from May 2021 to present-day as an Elliott Wave "double-zigzag", an uncommon but not rare formation. Double-zigzags (or double-threes) are 3-wave corrective patterns in which each subwave is ALSO a 3-wave corrective pattern. In the case of ETC, we have all zigzags for subwaves within the larger green double-zigzag pattern. In order to prevent confusion, we use W-X-Y nomenclature to describe the subwaves of a double-zigzag in Elliott Wave Theory. While this invalidates our immediate upside setup that would've gotten us into the subwave (iii), it does also mean that we cannot project a top at this moment due to the lack of a clear (i)-(ii). And that may be a good thing because what we were calling ETC's subwave (i) was PATHETIC! This gives ETC and many other cryptos a mulligan to get us a better subwave (i). Relying solely on the big picture pattern we have at this moment, I would roughly expect any rally to take us to the 0.382-0.618 extensions of the larger structure from March 2020 - May 2021, which would fall between 131 and 337, but these are very crude estimates. Other cryptos that have also invalidated their (i)-(ii) setups just like ETC are BCH, FIL and EOS . All of these cryptos were underperforming similarly with unimpressive subwave (i) extensions, and now they all have a blank slate to redeem themselves. While there is a bit of 'doom and gloom' in these aforementioned cryptos, BTC , ETH, DOT, XLM and MATIC all have their upside setups still intact despite the big selloff. BTC barely hangs onto its nested 1-2,i-ii setup by a thread, but ETH pulled back almost perfectly. This means that our overall big picture targets for subwaves (iii) and (v) are still valid for these cryptos. Ethereum MUST continue to hold its 3307 major support while Bitcoin MUST hold its 39,600 major support. Failure of these two main cryptos to hold their majors supports would be a HUGE warning for the entire crypto space! Finally, we have LTC, DASH, SOL and LINK. These cryptos invalidated their NESTED 1-2,i-ii setups but not their overall (i)-(ii) setups. What this means is that we can interpret their rallies from summer 2021 until this week as A-B-C 'corrective' rallies, which is indicative of these cryptos potentially continuing their overall structures in the form of 'ending diagonals'. Diagonals subdivide into 5-wave structures but are choppy with lots of overlap, and their subwaves take the form of 3-wave A-B-C structures. I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels. #ethereumclassic #ethereum #bitcoin #cryptocurrency #ethereummining
KRAKEN:ETCUSDLong
by Critique-al-Thinker
1
ETC/USD LONG SET UP(HODL)ETC/USD LONG SET UP Bulls want to see further consolidation and then for big bullish volume to come in and drive Ethereum Classic up above the $65.33 level for confirmation the uptrend is still intact. The crypto has resistance above at $60.89 and $65.10. Bears want to see big bearish volume come in and drop Ethereum Classic down below the $55.74 level, which could put the crypto in danger of losing the uptrend. Ethereum Classic has support below the level at $50.55 and $44.66. SUPPORT- $39.00, $31.00/ $25.50 RESISTANCE- $50.50/ $63.00/ $75.50/$83.00/$100.00/$110.00/$117.00/$125.00/$150.00
COINBASE:ETCUSDLong
by MavRich_Trading
Pennant Pattern (completed trend)Hello friends, A Possible scenario is shown in the chart. The pennant pattern is one that you often see right next to the bull flag pattern in the books. In the technical analysis, a pennant is a type of continuation pattern. As you know, For a bullish trend, a break above resistance signals that the previous advance has resumed. The length of the pole can be applied to the resistance break pennant to estimate the Target. it's the right time for you to buy. Stop loss = (BTC < $ 50k)
Long
by BTC-XLM
1