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Ethereum Classic / Bitcoin

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ETCBTC trade ideas

Ethereum Classic goes its own wayCoin of the day is Ethereum Classic Ethereum Classic was born as a result of the Ethereum fork after DAO hack, mainly because the community could not come to a consensus about abandoning pretty large amount of ETH. Two years passed since DAO events, and for now, Ethereum is the second biggest cryptocurrency in the world in terms of both daily transacted value and market cap. The whole crypto community carefully listens to Vitalik Buterin and watch after Ethereum development. Regarding the success of Ethereum, quite a lot of people seem to question why Ethereum Classic (ETC) still exists and what its future. Does ETC planning to serve any practical purpose or have any unique features other than ETH, or is it just the result of proud developers who opposed arbitrary human intervention? These legitimate questions have been raised more often since the listing of ETC on Binance and the announcement that Coinbase would soon support it too. Here a brief outline of the Coincast interview on the future of ETC from Igor Artamonov, founder and CTO of ETCDEV: ETC seeks to be much more decentralized by taking a Bitcoin-like approach. Perhaps that a statement like "ETC is to ETH just like LTC is to BTC" would be slightly accurate thanks to the architectural similarities and differences in coin supply, but the situation is more complex. While ETH is transitioning to a PoS system that creates more centralization under the "governance" label, ETC is committed to the original values of cryptocurrencies. As ETH transitions towards Casper PoS, it's expected that miners will jump into the ETC ship and help the coin grow. More precisely, Ethereum Classic isn't about ICOs. They won't try to compete with their bigger sibling in terms of becoming the platform to finance businesses and tokenize the entire crypto space. Instead, they seek to facilitate smart contracts for Internet of Things. In a nutshell, it's safe to say that ETC is the middle ground between the philosophies and technical implementations of BTC and ETH. The one thing that we could be sure is that ETC is not abandoned and interested people and teams are participating in the development of the coin, which makes it worth noticing. The logical way of development for ETC would be not to compete with ETH but to go on its way, for example in trending areas like Internet of Things and independent small miners. Below let's get in details with the chart patterns of Ethereum Classic. Technicals Overall pattern of the ETCBTC chart: growth in the first part of 2017 – falling since the middle of the 2017 year – bottoming at the start of 2018 on the 0.0015 level and further trading in lateral gradually growing manner. At the beginning of July, we saw a breakthrough from the Bearish pattern and attempts to start the new growth cycle. For now, the price broke above the 0.0025 level but found a resistance at 0.0028 level. The falling price has reacted on the July Bullish Trend Line and stopped, so we could expect a come back to the uptrend from this level. For the uptrend scenario, the next goal is 0.003 level. In case of a breakthrough below the Bullish Trend Line and 0.0025 level, we could expect a deeper correction.
Long
by DestinationMoonCrypto
2
ETC I Want To See A Touch At 3000!Bulls have broken the 2630 level which now acts as a new support level . It has allready been tested (could get another test but I dont think it will). I want to see ETC make a move to 3000 before we get a bigger correction in this triangle. We will face minor resistance at the 2900 level and heavy at the 3000. I've been hearing the 16th could be the listing date for Coinbase but haven't seen anything official. Twitter Crypto also seems to favor the bears but i think alot might want in on cheaper prices. I don't think BTC -0.43% can make a difference unless it makes a big move, seems to be relatively detached atm.
by CryptoCnc
ETCBTC breakoutDaily chart breakout on very good volume. Volume Profile shows little volume traded above the breakout area. That would suggest that if this decides to continue upwards the moves should be rather swift and volatile. Target is set 3156 based on daily chart resistance areas. At this point I plan to sell half my position and move up my stops as the trade continues to work in my favor. Stop loss is set 2690 based on lower timeframe (15min) structure. I feel like if it would pull back further then that point it would raise red flags.
Long
by Zendey