Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

2025-05-12

Litecoin price analysis and forecast in the short term

2025-05-12

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»ETC’s low-risk shorting opportunity could be the best way forward for investors
Altcoins

ETC’s low-risk shorting opportunity could be the best way forward for investors

2022-10-16No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The findings of the next evaluation are the only real opinions of the author and shouldn’t be thought-about funding recommendation.

  • Bearish market construction on increased timeframes
  • ETC trades close to the Fibonacci golden pocket as properly

Ethereum Basic [ETC] noticed a lackluster efficiency within the markets on 15 October. It stood at an vital decrease timeframe resistance belt however was neither capable of advance nor decline by a major quantity.


Right here’s AMBCrypto’s Value Prediction for Ethereum Basic [ETC] in 2022


Maybe this prompt a weekend of lowered volatility for ETC. In that case, 17 October might resolve the problem. Nonetheless, as issues stand, the bears had the higher hand. The increase in hash price in September noticed the worth advance quickly to $40. Nonetheless, it has solely been downhill on the charts since then.

Confluence of bearish elements seen for ETC

Ethereum Classic traders can look to enter short positions around...

Supply: TradingView

A set of Fibonacci retracement ranges had been drawn primarily based on ETC’s transfer from $24.52 to $20.58. They confirmed the 61.8% and 78.6% retracement ranges to lie at $23.01 and $23.68. An examination of the four-hour and every day timeframe charts confirmed the market construction to be bearish.

Therefore, decrease timeframe merchants might be looking out for a bearish setup. And one such appeared to current itself for Ethereum Basic. The golden pocket within the Fibonacci retracement ranges had confluence with a bearish breaker within the $23 zone. The Relative Energy Index (RSI) was additionally beneath the impartial 50 line, and will type a hidden bearish divergence and sign a continuation of the downtrend.

See also  Could a new ATH be next?

Marked in crimson, there was a comparatively low threat shorting alternative current for ETC. Invalidation of this concept could be a session shut above $23.6. Nonetheless, additional north, a bearish order block was seen within the $24-$24.5 area. Bearish worth targets could be every of the Fibonacci retracement ranges they usually can all be used to take-profit partially and in addition transfer stop-loss to interrupt even.

Failure of the present bearish breaker might complicate the state of affairs, however a brief place may also be attainable close to the $24 zone. Invalidation of that concept could be a session shut above $24.52.

OI on the rise- are merchants anticipating a powerful transfer?

Ethereum Classic traders can look to enter short positions around...

Supply: Coinglass

Coinglass data confirmed Open Curiosity to be on the rise over the previous 24 hours. But, throughout this time, the worth stagnated on the $23 resistance. This indicated that futures merchants probably positioned themselves anticipating a big transfer.

Long vs Shorts on Coinglass confirmed 51.7% of market individuals to be quick over the previous 24 hours. Might Ethereum Basic transfer increased and power these bears to puke, and use the gasoline to rise additional to $24.5? Or, can the promoting strain prevail and ship ETC tumbling? Solely time will inform for positive, however the technical findings painted a bearish image.

Source link

ETCs investors lowrisk opportunity Shorting
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Litecoin price analysis and forecast in the short term

2025-05-12

Government control could cause the rise of ‘Dark Stablecoins’ – how?

2025-05-12

Massive comeback above important support

2025-05-12

Top 9 play-to-earn NFT games to try in May 2025!

2025-05-12
Add A Comment
Leave A Reply Cancel Reply

Top Posts

.Nft: the Onchain domain for makers and collectors

2025-04-07

Velora and about partner to make cross-chain swaps possible in 17 networks

2025-04-19

“Even Elon Can’t Pump DOGE,” Says Shiba Inu Director – Why?

2024-09-18
Editors Picks

Analyst Predicts Rallies for Chainlink, Update Outlook on Polygon, Floki and One More Altcoin

2023-06-28

Presail raises another $150,000 from SKY MAVIS Founders, 5 months after the €3.8 million starting round.

2023-05-01

Leveling the playing field for sports betting

2023-12-11

Decentralized AI Society to run Hypercycle Masternode

2025-05-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

Litecoin price analysis and forecast in the short term

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,266.71-1.82%
  • ethereumEthereum(ETH)$2,442.95-2.79%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.473.57%
  • binancecoinBNB(BNB)$651.43-0.25%
  • solanaSolana(SOL)$170.88-2.31%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.223987-5.00%
  • cardanoCardano(ADA)$0.79-1.88%
  • tronTRON(TRX)$0.265762-0.26%
  • suiSui(SUI)$3.88-3.97%
  • chainlinkChainlink(LINK)$16.37-3.83%
  • avalanche-2Avalanche(AVAX)$24.07-3.00%
  • stellarStellar(XLM)$0.302819-2.74%
  • shiba-inuShiba Inu(SHIB)$0.000015-6.11%
  • hedera-hashgraphHedera(HBAR)$0.206714-0.35%
  • the-open-networkToncoin(TON)$3.29-4.37%
  • bitcoin-cashBitcoin Cash(BCH)$402.75-1.31%
  • hyperliquidHyperliquid(HYPE)$23.95-2.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.613.39%
  • polkadotPolkadot(DOT)$4.93-3.07%
  • piPi(PI)$1.09-13.92%
  • litecoinLitecoin(LTC)$101.360.64%
  • moneroMonero(XMR)$334.980.86%
  • pepePepe(PEPE)$0.000013-7.32%
  • bitget-tokenBitget Token(BGB)$4.71-4.08%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.68-4.34%
  • bittensorBittensor(TAO)$453.46-4.47%
  • nearNEAR Protocol(NEAR)$3.08-2.34%
  • aptosAptos(APT)$5.67-4.04%
  • aaveAave(AAVE)$215.73-1.95%
  • okbOKB(OKB)$53.54-3.46%
  • ondo-financeOndo(ONDO)$1.00-4.74%
  • internet-computerInternet Computer(ICP)$5.59-3.64%
  • ethereum-classicEthereum Classic(ETC)$19.30-3.80%
  • kaspaKaspa(KAS)$0.111443-6.19%
  • gatechain-tokenGateToken(GT)$21.77-0.99%
  • mantleMantle(MNT)$0.79-0.48%
  • crypto-com-chainCronos(CRO)$0.097502-1.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248424-3.35%
  • render-tokenRender(RENDER)$4.98-5.81%
  • vechainVeChain(VET)$0.029817-5.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.65-8.28%
  • ethenaEthena(ENA)$0.369816-11.44%
  • usd1World Liberty Financial USD(USD1)$1.000.42%
  • filecoinFilecoin(FIL)$3.02-4.39%
  • arbitrumArbitrum(ARB)$0.419751-7.78%
  • algorandAlgorand(ALGO)$0.231032-4.06%
  • bitcoinBitcoin(BTC)$102,266.71-1.82%
  • ethereumEthereum(ETH)$2,442.95-2.79%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.473.57%
  • binancecoinBNB(BNB)$651.43-0.25%
  • solanaSolana(SOL)$170.88-2.31%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.223987-5.00%
  • cardanoCardano(ADA)$0.79-1.88%
  • tronTRON(TRX)$0.265762-0.26%
  • suiSui(SUI)$3.88-3.97%
  • chainlinkChainlink(LINK)$16.37-3.83%
  • avalanche-2Avalanche(AVAX)$24.07-3.00%
  • stellarStellar(XLM)$0.302819-2.74%
  • shiba-inuShiba Inu(SHIB)$0.000015-6.11%
  • hedera-hashgraphHedera(HBAR)$0.206714-0.35%
  • the-open-networkToncoin(TON)$3.29-4.37%
  • bitcoin-cashBitcoin Cash(BCH)$402.75-1.31%
  • hyperliquidHyperliquid(HYPE)$23.95-2.21%
  • unus-sed-leoUNUS SED LEO(LEO)$8.613.39%
  • polkadotPolkadot(DOT)$4.93-3.07%
  • piPi(PI)$1.09-13.92%
  • litecoinLitecoin(LTC)$101.360.64%
  • moneroMonero(XMR)$334.980.86%
  • pepePepe(PEPE)$0.000013-7.32%
  • bitget-tokenBitget Token(BGB)$4.71-4.08%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.68-4.34%
  • bittensorBittensor(TAO)$453.46-4.47%
  • nearNEAR Protocol(NEAR)$3.08-2.34%
  • aptosAptos(APT)$5.67-4.04%
  • aaveAave(AAVE)$215.73-1.95%
  • okbOKB(OKB)$53.54-3.46%
  • ondo-financeOndo(ONDO)$1.00-4.74%
  • internet-computerInternet Computer(ICP)$5.59-3.64%
  • ethereum-classicEthereum Classic(ETC)$19.30-3.80%
  • kaspaKaspa(KAS)$0.111443-6.19%
  • gatechain-tokenGateToken(GT)$21.77-0.99%
  • mantleMantle(MNT)$0.79-0.48%
  • crypto-com-chainCronos(CRO)$0.097502-1.22%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.248424-3.35%
  • render-tokenRender(RENDER)$4.98-5.81%
  • vechainVeChain(VET)$0.029817-5.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.65-8.28%
  • ethenaEthena(ENA)$0.369816-11.44%
  • usd1World Liberty Financial USD(USD1)$1.000.42%
  • filecoinFilecoin(FIL)$3.02-4.39%
  • arbitrumArbitrum(ARB)$0.419751-7.78%
  • algorandAlgorand(ALGO)$0.231032-4.06%