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Ethereum Classic

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ETCUSD 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.
KRAKEN:ETCUSDLong
by rzinho
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.
COINBASE:ETCUSD
by ADHDing_
1
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!
COINBASE:ETCUSDLong
by Berkshire_Passaway
4