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Crypto · price-structure setup

Support bounce on Ethereum Classic

On Ethereum Classic the support bounce showed up 94 times. The target came first 34% of the time, the stop 55%, and 11% went nowhere within 12 candles.

Counted on Ethereum Classic (ETC/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily333%67%0%
4-hour1030%50%20%
Hourly8135%56%10%

Ethereum Classic against the rest

ChartsFoundTarget firstStop firstWent nowhere
Ethereum Classic9434%55%11%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
20211233%50%
20222152%38%
20232214%73%
20241450%50%
20251421%71%
20261136%45%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce lesson, video and quiz ›

Other patterns on Ethereum Classic

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Volume profile rejection · Doji · Volume profile bounce · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The support bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the support bounce work on Ethereum Classic?

In 94 cases on Ethereum Classic, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 55%; 11% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.