Is ETC (Ethereum Classic) Set to Melt Faces?KRAKEN:ETCUSD seems to be in the early stages of a Wave 3 move.
May be the last chance to accumulate. ETC may just melt faces this summer.
ETCUSD.P trade ideas
Ethereum Classic & the Contrarian TradeWith Ethereum having gained +1000% over the past 9 months, we must consider the fact that Ethereum is migrating to a PoS network. This will take a number of years to roll out and many projects that were built on the PoW based ETH 1.0 will have to make a decision on whether to move to Ethereum 2.0 or look for alternatives. Ethereum Classic and BSV will be the choice PoW platform with smart contract capabilities.
ETC suffered a series of 51% attacks recently that have only made it stronger with new upgrades implemented as a result.
Ethereum Classic has a capped supply just like Bitcoin. It has a capped supply at 210 million thus providing a sound monetary policy.
Looking at the chart, we can see that the price is currently 420% from its all time high which was set on 08 January 2018. We have seen considerable buying volume enter the frey since mid-November 2020 and a massive green candle on 04 January this year, pushed the price above a flatlining 120 EMA ($7.15).
If you are looking to take some gains from ETH/USD off the table, this might not be a bad little contrarian speculation. ETC/USD is a beaten down crypto that receives very little favorable press but as far as we are concerned, it has sound fundamentals.
ETC/USD Quick Video Analysisone of the last few cryptos left at a bargain coming off a technical 95% fibonacci level. Now or Never ladies and gentlemen,
good luck and happy trading!
Rigo
Ethereum Classic Vs USD for 02.08.2021Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY...
Hourly Chart is being used for this post!
It looks like a good start to a new move in Ethereum Classic Vs USD. I have just made a "New indicator" that does use the Relative Strength Index (RSI) and plots 3 Simple Moving Average (SMA)s with it.
From what I'm seeing, the price is hitting the top of Bollinger Bands (BB). This may be a good run for it this time. Because it did move up quickly after the RSI did bounce off the 3 SMAs in my indicator, and it still has that line looking up for now, and the RSI is over 70. Plus, all of my indicators are over the 50 line!
I would love to hear what you think about this post!
Happy trading, and thanks for reading.
ETC possible breakout approachingLooks like ETC might resume its upward climb after a bumpy evening.
Ethereum classic ETC breaking out from resistance, by top of next cycle we can easily see $170 range, possibly even $200.
ETC - could it happen?I'm pretty new at this but here's my first attempt to share. Feedback appreciated.
ETCWatching ETH. If it can break ath’s, it will be interesting to see how classic acts. Unfortunately, from this view, I don’t really see any correlation worth mentioning, yet.. still on the sidelines for now
ETC RDY FOR BREAKOUT BIG ?ETC runs against its main Bull/Bear Resistance.
RDY for breakout in the escalating Crypto market.
ETC the real ETHEREUM 2.3.21JP. But seriously think about it. Its been attacked 3 times of the 51 percent variant and IS STILL ALIVE. DOES THAT TELL YOU ANYTHING? i think that should be respected and we must admit, much like XRP, that ETC is NOT going away and will be going much higher in the coming years. Would i want to be all in? HELL NO. But i think its cheap enough and HATED enough to get a small bag maybe a few hundred just a half a percent of a portfolio.
Diamonds are Forever :) And we are all hearing about these "Diamond hands" as of late. Here is a simple trade involving an old classic, ETC! Trade is invalidated if diamond breaks down, however the range is now getting air tight so I suspect within the next 24 to 48 hours she will be moving to make people remember what she can do when left unattended while the defi craze continues blossoming . A true classic with ATH over 40 this coin can be tricky to trade with price difference across exchanges, however I will be keeping this simple. SL under recent low (I dont mind holding this for a while) targets and rebuy zones. Best of Luck!
We Bounced off resistance quite wellThis is a great entry.. Just broke the daily resistance and successfully retested the line. Keep a tight stop and take profits along the way. This is not financial advice and I wish you the best of trades. Please follow and like if you want more charts. Thank You
ETC - TIME TO SHINEAfter an 80% retracement, ETC now offer zones of buying opportunities.
Both the MACD & RSI have bullish divergences.
Time for ETC to shine!
More power to all your trades, my friends!
Ron
Intrepid_Trader
