ETC-USDT - Sleeping Giant and sound Long Term Pick
I'm looking to increase my bag of ETC and I think it a great time to be accumulating. Here's why:
Fundementals
- @Robinhoodapp is launching and will create fomo as ETC is going to be listed
- Callisto airdrop (cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/). See how
NXT grew as folks wanted IGNIS
- Strong ETC develop community (see coingecko.com/en/coins/ethereum-classic)
It's cheap on the technical side:
- Historic lows for the ETC/ETH chart.
- Low against BTC
- On this chart (ETC-USDT 4 Hour)
-- Holding on the EMA 50 and cloud support (Nb: as price is moving sideways cloud is less strong an indicator)
--Holding above 50 on the SMA
-- We are on the 0.382 fib from the All Time Low to All Time High which should act as support. Even if we drop the next strong support (shown in blue box is also the 0.5 fib)
-- There is a good RRR 2.0 on this chart but much greater against the ETH and BTC.
I am looking to scale in between the 0.382 and 0.5 fib levels. Keeping for long term therefore not noting targets on this chart. IF I was selling out then first target would be the current ATH which is the 0 Fib.
"Luck is what happens when preparation meets opportunity" Seneca The Younger.
Not investment advice.
Comments and thoughts always welcomed below.
Fundementals
- @Robinhoodapp is launching and will create fomo as ETC is going to be listed
- Callisto airdrop (cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/). See how
NXT grew as folks wanted IGNIS- Strong ETC develop community (see coingecko.com/en/coins/ethereum-classic)
It's cheap on the technical side:
- Historic lows for the ETC/ETH chart.
- Low against BTC
- On this chart (ETC-USDT 4 Hour)
-- Holding on the EMA 50 and cloud support (Nb: as price is moving sideways cloud is less strong an indicator)
--Holding above 50 on the SMA
-- We are on the 0.382 fib from the All Time Low to All Time High which should act as support. Even if we drop the next strong support (shown in blue box is also the 0.5 fib)
-- There is a good RRR 2.0 on this chart but much greater against the ETH and BTC.
I am looking to scale in between the 0.382 and 0.5 fib levels. Keeping for long term therefore not noting targets on this chart. IF I was selling out then first target would be the current ATH which is the 0 Fib.
"Luck is what happens when preparation meets opportunity" Seneca The Younger.
Not investment advice.
Comments and thoughts always welcomed below.
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