ETH daily chart, yes it bounced bullish, check it outETH daily chart...Of course the Merger happened
from "proof of work" to" proof of stake" and so
far so good and the blockchain is running great.
Im looking for Institutions to begin coming in
from now on out. I also see ETH flipping BTC in
the coming few years. So take a look at the candle
hitting the trendline and looking for a bounce up.
If it breaks below $1405 mark, the supports are
listed. The RSI is looking bullish as well... Unless a
blackswan event were to happen, i believe we have hit
the bottom back where I listed it. Personally
if ETH drops under $1k im backing up the truck
but i do belive we have bottomed out. but we
will see...Ill try and keep this chart updated.
Ethereumclassic
ETHW ETHPOW Pennant Failed, Now In Channel Target Is The SameETHW this is an update to my previous analysis. ETHW broke down and the bull pennant failed. Now in a descending channel, finding support around $10.50. People are selling their free ETHW coins right now so we need to be patient. This is also so new so analysis is hard because of liquidity at the moment. If ETHW breaks down out of this channel then we could see single digits. This is not trading or financial advice, just my opinion. Thank you for checking out my charts, follow me for more updates.
ETC | Bullish Flag? Will The Price Rise More?ETC | Bullish Flag? Will The Price Rise More?
As we all know when the news about the ETH merge and the
upgrade from POW to POS we saw that ETC made a very nice bounce.
All was related with the fact that the miners would have moved from ETH to ETC
or other coins and ETC had higher chances for mining.
However, the market is still expecting and the situation is not clear yet with ETH Fork etc
and now ETC is still waiting.
The price is developing a very big bullish flag pattern.
For some time I am expecting the price to move between 30.5 and 45.40
The price can develop in this area for a long period of time.
Once the price jumps above 45.5 it means that something good happened
and the price should continue to grow more.
Thank you and Good Luck!
ETCHELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
My Biggest Buy Ethereum 14 September 2022MY BIGGEST INVESTMENT - ETHEREUM!
The technical reason is that there is a Cup and Handle that's formed over the last few months and is showing higher lows...
Once the price breaks up and out, will I buy and hold...
I'll be trading Crypto Ethereum CFDs... As with my Crypto portfolio I'll be buying the actual coin and holding for the long term.
4 Reasons why I'm buying (Only first target is shown in the chart)...
There are many reasons (technically and fundamentally) why I’m buying Ethereum. The technical point of view on Monday, was the main reason why I got an actual buy signal on my platform.
But I do have a few other fundamental reasons to buy it, including:
REASON #1: Major recovery already
Ethereum has already made a massive recovery of over 50% in price. This has definitely attracted more buying in the market from new investors and traders.
REASON #2: The major upgrade
Then, I’ve been reading that they are talking about the merge of the most sophisticated upgrade for the digital asset.
Basically, they will soon update and upgrade the software for the blockchain network.
This is the first time, the upgrade will take place in the industry’s 14 year history.
REASON #3: New influx of buying
With the upgrade in place – investors are excited and optimistic that Ethereum is going to move into a less environmentally taxing system.
This will not only improve the distribution channels of the buy and sell transactions with Ethereum but also it will improve the functionality of the blockchain.
REASON #4: Evolution
With the evolution of Ethereum and blockchain – this might shift investors away from Bitcoin, altcoins, penny-cryptos and other crypto currencies that are slow evolving.
And it will attract more people into Ethereum as they believe the crypto currency has a bigger footprint for the future of blockchain.
Are you buying YES or NO?
ETCUSDT 12h The medium-term goal is $80 per ETCFirstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS
The last hours were very tense and accompanied by increased volatility
If the ETHUSDT price reacted with moderate growth
Then the ETCUSDT price look like is preparing for rapid growth.
In order to confirm the serious intentions of miners and ETC buyers, that they want drove its price very high, first the ETCUSD price must be fixed above $44
Well, then the way will be open for growth in $80 are a
Increased trading volumes in the ETCUSDT pair indicate that there is strength and enthusiasm for growth.
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Ethereum Classic formed bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well, and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously ETC was very close to complete a Gartley pattern , but pumped before the completion:
Now on the 4-hr time frame, ETC has formed another bullish Gartley pattern. There is also a hidden bullish divergence as the priceline is forming a higher low and RSI is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
bullish flag can make another leg up for ETC#ETC/USDT
$ETC had more than 140% increase since my analysis from 6/12/2022 and broke out from descending trend line.
🐮 now price shaped a bullish flag pattern and we just need a confirmation of the weekly candle to close above the channel.
so if we have this confirmation price can increase toward 1.618 fib level of last swing high (which is between upper trend lines) to complete flag Pattern and also it can be AB=CD pattern that can be complete.
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline .
If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset:
If you connect these closing price and draw the line, it becomes a line chart:
Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes:
Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red:
Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target:
Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout.
Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍
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CryptoCheck
#ethereumclassic #etc #ETC #EthereumClassic is still on the retest zone. 51.9 #USDT is very strong resistance if #ETCUSDT decides to go upside (by minor impulse). 78 usd level must be the top, if #btc allows to pump so hard. Losing 31 #usd is very critical for $etc Not financial advice. I'm neutral for ETC because of market conditions.
ETCUSD Channel Down or Bull Flag? See how to trade it!Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that followed broke above the Channel Down, however it is only marginally and have been so far contained with the 1.118 Fibonacci extension, which is within tolerance levels, just like the break below the Channel on the June 18 Low that was contained within the -0.118 Fib. In fact, see how perfectly each of the recent Lower Highs remains on the 1.118 Fib.
Since the mid July rally was so aggressive, the Channel Down that followed can be technically viewed as a Bull Flag pattern, preparing a longer-term bullish move. This gets even more significant as the 1D RSI rebounded on a Symmetrical Support level which during this 2021/22 Bear Cycle, always broke lower after but this time it provided a strong rise that broke above its Lower Highs. Furthermore, the 1D MACD just made a new Bullish Cross, the first one on such high values during this Bear Cycle. In addition, the price has already broken 4 times above the 1W MA50 (red trend-line), which on March 29 rejected the rally at that time. Last but not least, we have been trading on the strongest 1D Golden Cross (when the MA50 crosses above the MA200) since December 26 2020!
As a result, we could give the bull side a slight edge but only as long as the 1D MA50 (blue trend-line) and especially the 1D MA200 (orange trend-line) hold. In that case we can expect a Flag break-out and test of the 53.000 Resistance which was the previous Lower High of March 29. Above that level, we can confidently claim that the bullish trend has been restored on the long-term.
A break (candle close) below the 1D MA200 though, could kick-start a new downward sequence. In that case, a high probability target can be the 0.236 Fibonacci level, which as shown on the chart (circles) was hit on every major bearish leg within this Bear Cycle.
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Ethereum approaching resistance?Ethereum
Intraday
We look to Sell at 1709 (stop at 1744)
Daily signals are bearish. Bespoke resistance is located at 1700. We look for a temporary move higher. Preferred trade is to sell into rallies. 1718 has been pivotal.
Our profit targets will be 1622 and 1592
Resistance: 1650 / 1700 / 1750
Support: 1600 / 1550 / 1500
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ETC- ''So close no matter how far'' It takes one key level to Buy/Sell and it can really make us money as much as it can go wrong. In any case, with the Ethereum merge coming closer volatility is almost a guarantee on Ethereum Classic, more than Ethereum itself.
Levels:
31.17 is the key level here, acting as support at the moment.
Very likely to be revisited as the price is below 34.46 resistance
42.60 is the roof for now. I got lucky to be honest and exited yesterday on time
22.99 is the level I personally will buy Big if we get to go there.
Yes, everything is possible so prepared for everything here.
If 31$ is lost the distance to 23$ is just like Metallica's 'Nothing else Matters' song:
''So close no matter how far''
What do I mean? Look at yesterday's 32% rise and back. That's exactly what i mean.. 30% is 'Far way' yet it was only a matter of hours, thus so close!
Those with patience and a plan can get rewarded. Hope my chart can help (you and me)
One Love,
the FXPROFESSOR
ETCUSDHELLO GUYS THIS MY IDEA 💡ABOUT ETC is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢