ETC quick 48 hour Careful buy and sellETC will be fully active on Coinbase in the next 24 hours . With the release of this information etc jumped from 10 to 14 dollars in 24 hours. Im thinking it will do the same to around 18 . Any thoughts questions or comments greatyly appreciated. In the last 24 hours ETC has formed a flag pole which tells me in the near future after some accumulation in the next couple hours we will see another upward movement!
Etcbtc
ETC: A Hidden Gem On The Verge Of An Unprecedented Breakout Ethereum Classic (ETC) is about to make history with an unprecedented breakout, the likes of which we have never seen before. The price is currently, trading in a diamond formation according to the ETC/USD weekly chart above, which interestingly enough, also forms the core of the Ethereum Classic (ETC) symbol. This diamond formation for Ethereum Classic (ETC) is an extremely bullish sign, one that could push the price beyond $100 in a matter of weeks.
The last time Ethereum Classic (ETC) had such a rally was in early 2017 when the price shot up to enter the diamond formation. Since then, it has been consolidating inside that diamond for a period of 441 days. The price has now found a bottom at $12.4 over the past few days. Last week was brutal for Ethereum Classic (ETC) as the price fell from $21.5 all the way down to $12.4, a correction of 42.3% in a single week. This also left a lot of investors heartbroken as Ethereum Classic (ETC) failed to conserve its gains after a long anticipated Coinbase listing.
However, those that could see this diamond formation would have already seen the drop coming. In fact, Ethereum Classic (ETC) had to complete one last move down before a new cycle could begin. Fortunately for Ethereum Classic (ETC) enthusiasts, all the major events and announcements are still ahead of us. Coinbase is yet to add Ethereum Classic (ETC) to its main platform in order to make it accessible to mainsteam investors. That announcement according to Coinbase was to be expected in two weeks following the Coinbase Pro listing. That means Coinbase can be expected to add Ethereum Classic (ETC) to its platform, this week or the next week.
Ethereum Classic (ETC) has a lot of major events in the pipeline which have unfortunately been masked by the Coinbase effect. One such event is the ETC Summit that is going to be held in Seoul, South Korea in September. The event will have a lot of prominent industry leaders like Tom Lee of Fundstrat speaking about Ethereum Classic (ETC). After that, there is the IPFS integration in October which will make Ethereum Classic (ETC) an effective store of data and information in addition to being an effective store of value. In November, Ethereum Classic (ETC) has another game changing announcement as it hopes to become fully IOT Compatible by November 30, 2018. After that, there is the EVM upgrade in December.
All these events and announcements are major catalysts that are expected to drive the price higher. The weekly chart for ETC/BTC shows that the price is ready to take off from these levels. Ethereum Classic (ETC) has been trading further along a triangle and now it is at a point where it is expected to break the downtrend resistance and rise towards a price of 0.01 BTC. A major catalyst that could push prices higher from here is the upcoming Coinbase listing which will make it easy for mainstream investors to buy and store Ethereum Classic (ETC). Overall, Coinbase is just a gateway to allow more investors to support the Ethereum Classic (ETC) project and to bring it to the spotlight. Ethereum Classic (ETC)’s own events and developments are far more significant than a Coinbase listing and have the potential to push the price above $500 towards the end of its next cycle.
ETCBTC: weak trend bounce signals further downsideETCBTC has bounced weakly on a trendline, which has been broken several times already, making it less likely to hold this time.
If the ratio drops there is another trendline (shown as faint line) which could provide a more substantial bounce. The main support at 0.0013 appears to be the most likely destination.
Ethereum Classic . Still On. [200%+ Profits Opportunity]The past 4 days was one of the sweetest for both ETC holders and the developing team. By default this reversal trend which happened on the past 4 days was actually expected as we earlier, in mid June, reported on our telegram channel that Coinbase was planning to list ETC and that it would be a very good opportunity for the coins holders. But most crypto traders didn't give much attention on the listing and didn't expect the coin to show this much progress specially because of the overall current market situation. As we have seen its reversal move though, ETC touched the 50% retracement level at around 296k sats. By this the wave which started to make a progress showed a very well volume backed up move. At this point the 1D chart showing that it needs a consolidation and will show us some correctional waves upto the 23.6% fib retracement level and will most likely start its 3rd wave creation towards the 78.6% level if volume keep moving like it did for the past days since the tweet from the Coinbase team. Therefore we expect some correctional moves for short term investment. But the weekly chart really looks like fine and a great opportunity for a longer term accumulation.
Indicators that confirms the elliottwaves creation are mainly the volume is looking very good for the time being. RSI is at 69 which shows that the trading possibility needs some patience till the correction gets its bottom. Both the 50EMA and 89EMA are still below the price. Which actually showed some up moves while the price corrects.
Fundamental reasons for long term accumulation signal is mainly the tweet that has been made by Coinbase on Friday which stated that
"Our engineering team is beginning final testing of Ethereum Classic on Coinbase products. We expect final testing to be completed by Tuesday, August 7, at which point we expect to announce that we’re ready to accept inbound transfers of ETC.https://t.co/l7smcSY3q8 "
on their twitter page.
Accumulation Zone : 225000 sats - 245000 sats
Stop Loss : 170000 sats
Possible Targets
T1 : 267900 sats
T2 : 295200 sats
T3 : 322500 sats
T4 : 361400 sats
T5 : 410900 sats
Good Luck.
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Ethereum Classic (ETC) Expecting another drop, falling wedgeETC is In a falling wedge, and it is expected that we get another drop as we approach the ichimoku cloud resistance. We have hit first support right now, but it is doubtful that we can hold. There is a possibility of another 1% rally with the bull div, which worked out for me on BAT, but I'm not going to take the trade.
if you hold ETC, sell now and rebuy around 2300 at the very least. Market is not doing very well right now. Only profit is the ones you get from shorting BTC. I plan on going long around 5300 after a V then a __ bottom formation, which worked for me the last two times.
Thanks for viewing, hope you guys managed your trades well and didn't lose too much money. I lost a significant amount on TRX as I transferred my tokens to the wallet to participate in voting.
ETC Smooth Ride to $20+Ethereum Classic is poised for a rally to $20+. Traders selling their ETC to long term investors. This is not a Binance listing or some airdrop, it is Coinbase. When the dust settles, everyone looking at their Coinbase account will see that Ethereum Classic is the cheapest coin out there and so they will fill their bags to ride this one to the moon. Ethereum Classic will be fully IOT (Internet of Things) Compatible by November 30, 2018. That is even bigger than Coinbase. My understanding is that eventually coins like Bitcoin (BTC) and Ethereum Classic (ETC) with small, limited, known supply and immutable, decentralized, uninterrupted governance are going to become the ultimate stores of value in the years to come. Good luck!
ETHEREUM CLASSIC APPROACHES RESISTANCE - CryptoManiac101Chart is self explanatory - we need to see solid break to confirm further upward momentum. STOCH RSI indicates correction.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
EthereumClassic VS Bitcoin Psychological ResistanceEthereum Classic has been moving up against the Bitcoin as suggested in the previous idea on ETH/BTC . Price has reached 244k satoshis upside target, broke above and went up to the 296k satoshis high.
The corrective wave down followed and currently ETC/BTC is trading at the previews resistance, which currently acting as the support - 240k area. EthereumClassic is likely to continue outperforming the Bitcoin and should be aiming towards the 300k psychological resistance level, that is confirmed by the Fibonacci retracement.
Break above 300k satoshis, should result in further growth, where price is likely to reach 350k satoshis area in the short to medium term.
But currently it is important to watch 240k satoshis support area, where buying opportunity could present itself once again, only if the support will hold. Break below the 240k level, coudl push price towards the next support, either 227k or 210k satoshis.
Considering the potential downtrend, only break and close below the recent low at 193k satoshis would invalidate bullish outlook and shall result in the further decline.
Ether Classic (ETC) Descending pattern, another rally possible.ETC is now in a descending channel. I would be wary about trading this coin since Tron basically had the exact same thing happen to it. If we keep on getting lower and lower highs it means the trend will be down.
Therefore, if you hold ETC, I would recommend getting rid of it for the best price possible. We could be getting another rally to 2600+, so if that does happen, consider selling your position.
I know many of you held ETC due to the hype and fomo, but the pattern shown is like every other altcoin pump during Jan, where it peaks then drops for the next few candles.
This was my private ETC chart after the pump last night. I'll admit I missed out on quite a bit of gains, but it felt to dangerous for me to enter. We were getting drops of 2% in around 5 minutes.
Thanks for viewing. If any of you would like to get my private charts, please update me and I will share them all with you. This is an example of a ZRX and SNM trades I did just now:
ETCBTC: Nobody caresLitecoin launched while there was growing public interest in crypto as a cheaper way to enter the market than fractioning BTC. Now, Ethereum Classic is being listed during a long bear market that hasn't signaled an end, a timid market and low public interest. ETC $20 is the moon? I sold it at $35 around the Callisto air drop, and this isn't even close. I guess I could be proven wrong if Coinbase opens up and people buy like crazy, but I think that won't come until Bitcoin confirms a recovery and excitement returns to the market.
ETHEREUM CLASSIC: COINBASE & ROBINHOOD? - PROFIT = 38.80% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 25th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 38.80% PROFIT!!!
The increase in price may also be explained by positive developments including:
May 3: London Block Exchange Enables GBP Trading for Ethereum 1.04% -0.11% Classic ETC.
May 3: Ethereum Classic announces release of go-ethereum v5.2.0.
May 6: Grayscale Investments Announces Approval of Public Quotation for Eligible Shares of Ethereum 1.04% -0.11% -0.03% -0.75% Classic Investment Trust.
May 6: Ethereum -0.11% Classic announces ETC sidechain exploration with their "Minimal Viable Sidechain" on Github.
May 16: Ethereum -0.11% Classic Labs is launched. Its main aims are to accelerate the development, expansion, and prosperity of the $ETC community and the entire ETC ecosystem by promoting smart contract applications based on $ETC
May 23: London Block Exchange lists Ethereum 1.04% -0.11% Classic.
May 24: Ethereum 1.04% -0.11% Classic upgrades via the Mantis V1.1 Performance Release. This allows for the following features:
May 25: Spyrja: Modular Asset Tracking Software is launched on the $ETC Blockchain.
May 29: Open Bazaar lists Ethereum 1.04% Classic.
May 30: Ethereum Classic announces Protocol upgrade for ECIP-1041.
May 31: Ethereum 1.04% Classic announces that the OpenStack Credits System to be Implemented as an $ETC side chain.
June 7: Coinpayments (crypto payments processor) announces its acceptance of Ethereum 1.04% -0.11% Classic.
June 7: Ethereum -0.11% Classic today announced its collaboration with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.
June 8: Stocks Gazzette releases article that states that Ethereum 1.04% -0.11% Classic is a grossly undervalued coin.
June 10: Thailand’s regulatory body, The Securities and Exchange Commission, have approved a list of 7 cryptocurrencies that can be used as payment for ICOs and as trading pairs on exchanges. This includes Ethereum 1.04% -0.11% Classic.
June 12: Binance adds new Ethereum 1.04% Classic trading pairs.
June 12: Coinbase announces it will list Ethereum 1.04% Classic in the "following months".
June 14: Ethereum 1.04% -0.03% Classic Labs is launched that will provide a full range of support, including operating funds, technical guidance, office space, industrial resources, creative strategy consulting, & more.
June 15: SEC announces that Ethereum 1.04% is not a security.
June 23: CoinBene Brasil lists Ethereum 1.04% Classic.
June 23: Nova Exchange lists Ethereum 1.04% Classic.
June 24: RADEX: Saturn Network launches the First Decentralized Platform for Ethereum 1.04% Classic called Radex Classic.
(NEW) August 5: Coinbase announces it is testing support for Ethereum Classic.
(NEW) August 6: BitOasis lists Ethereum Classic
(NEW) August 6: Coinbase announced that, barring any setbacks, they’d be greenlighting “inbound transfers” of Ethereum Classic on Coinbase Pro and Coinbase Prime as of August 7th
(NEW) August 7: Ethereum Classic Overtakes NEO in Market Cap.
(NEW) August 7: Crypto Trading App Robinhood Adds Support for Ethereum Classic.
The price increase is the result of the positive developments outlined above and a recovery in the crypto markets.
***The "Crypto Bottom" and "Crypto Peak" crypto trading indicators used in this analysis is included as part of the Crypto Trade Signals subscription.***
ETC growth, whats it's all about.Coin of the day is Ethereum Classic.
Ethereum Classic started to show a significant growth lately, let's see what its all about and what to expect further.
Recap
In 2016 after the hack a venture capital fund called The DAO, which was built on the base of Ethereum, the decision of a hard fork was made: the old version stayed as Ethereum Classic and a new one – Ethereum.
Basically, Ethereum Classic came into existence when some members of the Ethereum community rejected the hard fork on the grounds of "immutability", the principle that the blockchain cannot be changed, and decided to keep using the unforked version of Ethereum.
Latest news
August 6 - Listing on Robinhood platform. From Robinhood blog: “Starting today, you can invest in Ethereum Classic on Robinhood Crypto, commission-free.”
August 7 - Listing on Coinbase. Announced on June 11 on the company blog and the correct date (August 7) was announced on Twitter on August 3d.
Technicals
The coin added 50% of value during the last days and broke the Bearish Tendency Trend line along with 100-days EMA, both are clearly bullish signs. Nonetheless, it is worth to remember that after the growth on new listings the price often goes into a correction. So, despite the fact that these events are positive in the long run, for now, we expect a correctional movement. 0.0025 level and 100-days EMA should play a supportive role if ETCBTC is going to continue an upward rally. 0.003 will be a major resistance and target in near-term. If the price will go below the 100-days EMA the next downward target will be 0.002 level along with global Bullish Trendline, crossover of which will make an overview negative.
ETC/USD, Daily Chart Analysis 8/7Implications and Outlook
1. As stated on August 4, Bitcoin, Daily Chart Analysis, ETC (Ethereum Classic) was and is one of the exceptional coins, since there no significant good outliers among the list of smaller coins anywhere.
Currently, ETC is one of the top twenty crypto coins by market capitalization, ETC continuously is claiming further gains, up to further over 6% on the trading session. At the posting time, ETC is trading at or about $18.700 level by completing the inner Coin Rally as well as printing a new second quarter high at $21.
The coin continues to ride on positive price momentum induced by news reports of its impending listing on well-liked headquartered in San Francisco, California crypto exchange, and wallet service - Coinbase, the listing is set for today (August 7).
2. Price action has created the value of the new intermediate-term inner Coin Rally of $21 , by overrunning Key Resistance $18.700 which is a part of the outer Coin Rally valued at $22.700 .
3. Should the bearish momentum hit this support in the interim; it would be a negative sign from a technical as well as fundamental perspective.
4. The value of the intermediate medium to long-term Mean Support of $16.400 , along with Key Support $14.600, will be a primary target for the bears.
5. Current Coin Strategy Bias: Bullish 60 / Bearish 40
Ethereum Classic Coinbase ListingETC is going to DUMP right after/shortly before the Coinbase listing. There is massive speculation on this coin driving the price up, with many day traders all in ETC right now, waiting for the right time to sell. I'm not sure if the dump will happen Tuesday August 7, when Coinbase announces it is accepting inbound transfers of ETC, or Wednesday August 8 -> Thursday August 9, when trading opens on Coinbase Pro. But we can use fibonacci retracement theory and market sentiment to get some idea of where ethereumclassic is heading before the drop.
If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks.
What do you think?