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Ethereum Classic (ETC): The Diamond You Didn't Know ExistedEthereum Classic (ETC) has long been hailed as a hidden diamond in some crypto circles. This time, the whole crypto community can literally see what it really meant. It is true that Ethereum Classic (ETC) is a rare diamond of a blockchain project, but that is not what we are talking about. The weekly chart above for ETC/USD shows exactly what we are talking about. This is called the bullish diamond formation which is a continuation pattern in technical analysis. It means that if the price was falling before it entered the diamond formation; it will continue to fall more aggressively after exiting the diamond. However, if the price was rising before entering the diamond, it will continue to rise more aggressively after exiting the diamond formation. In the case of Ethereum Classic (ETC), the price was rising before entering the diamond formation and that too on the weekly time frame. This means that there is a very high probability that the price is going to skyrocket after exiting the diamond formation. As the chart above shows, this pattern has not been invalidated even a single time and the diamond formation has remained intact since 2017. It also shows that we have just a few weeks to break out of this diamond. Diamond Continuation Example: imgur.com
BITFINEX:ETCUSDLong
by Jefe
17
ETC BULLISH IMPULSE INCOMINGAfter the rally of 14-17 August ETC is back in strong demande zone. This return has made slowly, alternating "green" periods as sign of continuous buying pressure. Actually buying selling pressure are almost at equilibrium and soon ETC will win the local resistance and feel free to ride to the next resistance around 17 dollars. For longterm: ETC is probably a better investment than ETH as the bearish trend seems now to be reversed BTC will also commit to ETC in the next times. BIO
BITFINEX:ETCUSDLong
by FerdiHodler
4
Ethereum Classic. Break up or down?Something interesting has been happening on Ethereum Classic (ETCBTC) in the last day. There's been a huge dip in volume after it jumped from .001750 to .002300. There was definitely a bearish divergence that was indicative that the price was going to pivot to the downside. We've been falling since then, but for the last ~18 hours there has been a strange uptick in volume (although the price hasn't changed much). I would consider this an accumulation zone (or consolidation zone). It's definitely trying to figure out what it wants to do next, therefore this is a no trade zone for me, however I will be keeping an eye out for movements either way. There are indicators that in the next few hours this might see an uptick in price which could allow it to break upward. The key resistance is currently being tested. Again. No trade zone here. Watch for confirmation one way or another.
by adam2web
Ethereum Classic – definitely on our radarHi Guys! As BTC bounced off we can count on a bit of rally on other altcoins. ETC is definitely on our radar. We are again at the bottom of the level which was defended 5 times since the turn of the year. We also wait for the rise of the volume on Coinbase where ETC has been lately listed. They enabled full trade mode on ETC so we hope within a couple of weeks when the market finally reverses from bear to bull, we will experience serious gains on ETC. With the positive moods on the market we should earn good money. ETC is now discounted nearly 80% of the top price. The ETC team made many technical advancements during last months (inter alia side chains) and are on the 12th position in terms of market cap and on 5th in terms of daily volume. So looking at the chart. Level of 0.0018 was defended 5 times since the beginning of the year. This is for some reason very strong support and this is not very likely to cross it down. We also observed double bottom forming both on the price chart and Stoch RSI. On the Weis Volume chart, we can also see lack of supply now. This is good information but to gain some $ we need of course more demand. It will come. Sooner or later but it will finally come. So Traders! When buying set your stop-loss at around 0.0018, depending on how tolerant you are at risk. First take profit should be at 0.003. Second take profit at 0.004. What next? Time will tell. What are your estimations regarding ETC? Are you bullish our dear Traders? Thanks for all comments and likes. Don’t forget to follow our profile if you don’t want to miss the update. MASSIVE Hugs! WBM Team
Long
by WBM_Team
$ETC squeeze and bullish momentum has my attention This $ETC squeeze is interesting, all indicators pointing north, we have green volume, green Heikin Ashi candles, if this was purely organic price movement I wouldn't hesitate. BUT we do have some stiff competition with bots and MM's in the space making as much money from retail traders as possible. In any case I entered a long position here with stop loss in place just under the .618 fib in case it decides to head south. TA gives us great signals, but the market can deceive and go against you. Risk management is key, minimizing losses (they happen) and maximising gains.. this is my main focus in this space.
Long
by fxtraderanthony
4
ETC/USD Time to saddle ETC. The Benice team welcome you. Etherium Classic, ETC has become today a dark horse that looms among the barely living bulls. Under the slogans "code is the law" and "blockchain must remain unchanged", Etherium Classic appeared, denying the fork of the Etherium network. It all started with the fact that they hacked an Autonomous investment Fund based on the Etherium network, from which they withdrew ETH in the amount of $ 50 million. After that, the backbone of the Ethereum developers decided that they were not ready to accept the fact of theft and returned back all the unwanted transactions. There were also those who believed that interference in the history of the code is contrary to the ideology of the blockchain. They joined the group and created Ethereum Classic, which kept the original Ethereum network without hard fork and direct outside interference. Unlike forked Ethereum, Ethereum platform Classic not announced any major project. The creators of Classic copy all tested Etherium solutions to avoid errors. At the same time Etherium acts in all this history as "cannon fodder", and Etherium Classic as the cunning kitten ready to be on friendly terms with a hamster. In General, with the growth of the market, coins of this kind are amenable to the General trend, and in the presence of a fundamental reason, they actively sway in the direction of the nature of the news. From the official release, the following events are still to come in 2018: August 20, 2018. Listing on the exchange Bittrex ETC/USD. September 12th. The second annual Summit. November 30th. "Fully compatible with the Internet of things.” December 31st. Improving EVM. In General, Road Map is difficult to understand. What do they mean by “Internet of things compatibility”? White paper in the project is missing. The speed of code update is very small, which means that there are better alternatives among the coins. In the shell chat ETC all 5200 participants. At Bitshares with the same number of participants place in the market capitalization is much lower. In addition, telegram chat ETC gathered 8.8 thousand participants, while EOS, which also shares a place in the top ten capitalization, has more than 50,000 participants. It follows that there is a lot of money in the coin, which is a positive signal from the point of view of the stability of the coin. The number of transactions in the ETC network is 12 times less than in ETH, with capitalization less than 20 times. Accordingly, ETC can be considered a relatively undervalued coin. Given the upcoming event, in THE form of etc/USD listing, there are good reasons to include this coin in your speculative portfolio. Technically, the coin bounced from the level of 78.6 % correction to the growth of Fibonacci, pushing at the same time from 1/4 fan Gunn. In addition, demonstrating the lows of the beginning year, the coin ahead of the other altcoins pace, went into a rebound. In case of positive signals from the market, the coin has good reason to grow with targets of 17.500 and 22.500. At the same time, in the case of a General decline in the market, the reduction targets may be 10.200 and 6.400. We propose to include this coin in the speculative portfolio. The entry level is 12.960. Long position with designated targets. You can signal, too. Like it if the article was useful, comment and do not miss a new publication.
BITFINEX:ETCUSDLong
by benice_trader
2
ETC moving on fundamentals -don't get your fingers burned!Hello my dear ETC traders, hope you're doing fine guys! :) ETC has been moving pretty crazily over the past few weeks, mostly due to fundamental news of the Coinbase listing. This is not an environment for beginners to trade, I am not touching this at all right now, and I'm showing you why, together with some long-term weekly view. Have fun watching! :) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BITFINEX:ETCUSD
by Edgy_
Etherum Classic (ETC) Great Volume... Additional Bullish Action!Etherum Classic (ETCBTC) has shown huge gains since bouncing from bottom on 14th August @ 0.001714, reaching today as high as 0.002317 with huge volume building up. This can definitely mean the start of something. ETC is showing signs of additinoal bullish action coming. We have the biggest volume on the daily candle today of all time, on Binance, with the exception of the 12th June 2018. You can expect an additional 30% gain in the coming days/weeks, and even more additional bullish action if the cryptocurrency market turns green... Which seems to be the fact, since Bitcoin is preparing for a new wave up... Check the comment section for my latest Bitcoin Trade Idea. Thanks a lot for reading... Namaste.
by AlanSantana
15
Another trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018. Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
Another trading opportunity to buy in ETCBTCTechnical analysis: . ETHEREUMCLASSIC/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.00211 to 0.00182). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00211) Ending of entry zone (0.00182) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 9 BUY trade(s) @ 0.00190000 based on ' Hammer ' entry method at 08.14.2018. Take Profits: TP1= @ 0.00240 TP2= @ 0.00280 TP3= @ 0.00324 TP4= @ 0.00350 TP5= @ 0.00470 TP6= @ 0.00560 TP7= @ 0.00820 TP8= @ 0.00951 TP9= Free
Long
by ForecastCity
7
ETC/USD Bullish Hammer Trend ReversalEthereum Classic (ETC) has just formed a bullish hammer candlestick on the daily ETC/USD chart above, which followed by a green candle is a strong sign of a downtrend capitulation as it indicates that the bears have finally given up. This marks the beginning of a new cycle for Ethereum Classic (ETC) as a reversal is expected from these levels. The solid support of $10 has served as a historical demand zone for Ethereum Classic (ETC), and is a very strong one. As the chart above demonstrates, Ethereum Classic (ETC) rebounded strongly from the $10 support. The RSI had already reached oversold levels and is currently trading above 30. The price has plenty of room for continuous upside movement which could most likely be accelerated by a Coinbase listing next week. Ethereum Classic (ETC) is already seen as the coin that could trigger the altcoin rally. Positive developments are likely to help it do just that. Read my full analysis about Ethereum Classic's Price Reversal and EOY Targets here .
KRAKEN:ETCUSDLong
by Jefe
3
ETC's Ride to $377+ The weekly chart for ETC/USD shows that the last time Ethereum Classic (ETC) completed a correction; it had a 3615% rally in the next 238 days. Current price action for Ethereum Classic (ETC) shows that its RSI, which is trading in a falling wedge, has to break out in the weeks ahead. The RSI has not been at such critical levels since April 2017. This means that the price of Ethereum Classic (ETC) is now at a turning point where it has to either break to the upside or to the downside. Considering that Ethereum Classic (ETC) has a lot of positive developments ahead of it and that the price has already bounced off the $10 support with enormous strength, it is plausible to assume that the next break out will be to the upside as Ethereum Classic (ETC) begins a new cycle. The chart shows that the price is expected to reach an optimistic level of $377 or higher in the next cycle that is expected to last till April 2019.
BITTREX:ETCUSDLong
by Jefe
3