Free Ethereum Classic (ETC) Technical Analysis Signals | Free Crypto Technical Analysis Signals | 20 Mar

Overal Signals
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
20 Mar / Daily
Category/Currency
Crypto/USD
Exchange/Country
CCC/--

Ethereum Classic (ETC) signal with technical analysis on 20 Mar

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 21 suggested buy signal strategies, while 166 indicated sell signal strategies. The remaining 69 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 3
Sell Signals: 46
Neutral Signals: 15
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 3
Sell Signals: 45
Neutral Signals: 16
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 4
Sell Signals: 39
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 11
Sell Signals: 36
Neutral Signals: 17
Result: This strategy leads to a Hold position.

Overal Strategy :
Buy Signals: 21
Sell Signals: 166
Neutral Signals: 69
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Ethereum Classic (ETC) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.


SNResult: Looking at the technical analysis for Ethereum Classic (ETC) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Ethereum Classic (ETC) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Ethereum Classic (ETC) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a sell position (short position), it is recommended to consider the expected price range, which represents a potential downside of 14.54% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Ethereum Classic (ETC) holdings.

Ethereum Classic (ETC) Price Analysis and Support Levels:

In our current Ethereum Classic (ETC) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 24.792
The initial support level at 24.792 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 24.199
In the event that the first support level at 24.792 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.

Third Support Level: 23.271
Now, if the price continues to decline, and the second support level at 24.199 is confirmed as broken, it would signal a significant shift in market dynamics. Remaining below this level would be a strong indication that the downward trend is persisting. In this scenario, it's not uncommon for traders to anticipate the next level of support, which is at 23.271.

It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Ethereum Classic (ETC), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Ethereum Classic (ETC) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Ethereum Classic (ETC) technical analysis chart

Ethereum Classic (ETC) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 32.362 41.868 45.506 -- --
Support 24.792 24.199 23.271 23.106 23.089
Ethereum Classic (ETC) price movement in the coming days

Ethereum Classic (ETC) signals list for 20 Mar

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Ethereum Classic (ETC) technical analysis over the past days

# Date Overal Signals ALL Signals
1 19 Mar Hold HoldHoldHoldHold
2 18 Mar Sell HoldHoldHoldSell
3 17 Mar Hold HoldHoldHoldNeutral
4 16 Mar Hold HoldHoldNeutralNeutral
5 15 Mar Sell HoldHoldNeutralNeutral
6 14 Mar Neutral HoldSellHoldHold
7 13 Mar Neutral HoldNeutralHoldHold
8 12 Mar Sell SellNeutralHoldHold
9 11 Mar Hold NeutralHoldHoldHold
10 10 Mar Hold NeutralHoldHoldHold
11 09 Mar Hold NeutralHoldHoldHold
12 08 Mar Hold HoldHoldHoldHold
13 07 Mar Hold HoldHoldHoldHold
14 06 Mar Hold HoldHoldHoldHold
15 05 Mar Hold HoldHoldHoldHold
16 04 Mar Hold HoldHoldHoldHold
17 03 Mar Hold HoldHoldHoldHold
18 02 Mar Hold HoldHoldHoldHold
19 01 Mar Hold HoldHoldHoldHold
20 29 Feb Hold HoldHoldHoldHold
21 28 Feb Hold HoldHoldHoldHold
22 27 Feb Hold HoldHoldHoldHold
23 26 Feb Hold HoldBuyHoldHold
24 25 Feb Buy BuyNeutralBuyBuy
25 24 Feb Hold HoldHoldHoldNeutral
26 23 Feb Sell HoldHoldSellNeutral
27 22 Feb Sell HoldSellNeutralNeutral
28 21 Feb Sell SellNeutralNeutralHold
29 20 Feb Hold HoldHoldHoldHold
30 19 Feb Buy BuyBuyHoldHold

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