ETCUST.P trade ideas
💡 Don't miss the great buy opportunity in Ethereum ClassicTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (5.3840). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum Classic/TetherUS (ETCUSDT) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 6.3305
TP2= @ 7.1355
TP3= @ 8.2862
TP4= @ 9.4452
TP5= @ 11.1115
TP6= @ 13.2185
SL= Break below S2
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ETC/USDT Inverse H&S Pattern- ETC is forming IH&S pattern on smaller timeframe.
- Waiting for candle close above the block, then build a long position on retest.
- Target Height of Head
ETC can have a big runETCUSDT pair is in consolidation at $6.5. It is in a support slant line and a resistance slant line.
ETCUSDT 4 possible inverse H&S6.79980 will create a double top and if the top breaks to up then it will be more up flow through inverse H&S.
ETC forming a possible bearish butterfly pattern.ETC EMERALD project is on its way and is a good sign to buy now.
What Problems do the Emerald Project Solve?
The first and most obvious problem solved by the Emerald Project is that there is currently no wallet for the Ethereum Classic community that verifies transactions for users in a trustless way.
Other problems that the Emerald Project aims to solve is that there’s currently no common framework for developers to build dApps on Ethereum Classic, a lack of User Interface (UI) components, and no standard practices for 3rd party developers.
As a result every Dapp developer has to reinvent the entire architecture and components for new dApps, reimplement methods to integrate with hardware wallets, and build individual support for Ethereum smart contract features and tokens. It’s very time consuming, expensive and it’s hard to integrate Ethereum into existing apps on the server/client side, because the RPC API provided by Geth/Parity is just too low level for most use cases.
For more info.
www.etcdevteam.com
