ETCUSD
ETC - ya it's stupid but its going upI'm sure a few ETC bag holders will not be happy with the title. But if it is any consolation, I did open a long on it! Ethereum Classic, it is an old fork of Ethereum, I don't remember the details, but I'll give you a drunk history version. Some hackers stole a bunch of Ethereum and since ETH is not decentralized they forked a new version of ETH with all the coins restored and all the people that got screwed were made hole again, this reality continued on as the ETH chain and the old chain where all the people were screwed continued on as Ethereum Classic! Some say people still use ETC and support it. It is worth 10$ish and ETH is worth 1900$ish, the market has spoken in my opinion.
Long continuation for EthereumAccording to weekly chart analysis of ETCUSD , we can see a well worked rising channel in weekly chart.
I marked how this trend lines react to price every time. Now it seems price is going to touch upper trend line again which is around 10,000 $
Candles are strong bull and breaks through last time high, strongly.
Price target would be reachable in long term according to institution and people attentions to cryptocurrencies.
* This is an analysis and is not a signal to trade
🆓Ethereum Classic/USDT Analysis (17/2) #ETC $ETCETC is a very promising coin as it can climb to 24$ zone in the next few days.
The $15 zone is a very good support zone for it
📈BUY
-Buy: 14.5-15.0$. SL if B
📉SELL
-Sell: 23.5-24.5$. SL if A
♻️BACK-UP
-Sell: 14.5-15$ if B 14$. SL if A
-Buy: 12-12.5$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
ETC/USD - Well on its way to $45! 🚀🚀🚀As indicated in my last idea when price was at $8, ETC has broken out of the descending triangle, made it support and now we're rocketing to the ATH.
The resistance at $13 did not hold us back at all... signaling the momentum is very strong and we did it on increasing volume = bullish!
The next significant resistance is at $20, however, I am sure we will push higher easily, however once we go over $20 I can see some sell pressure intensifying so we can analyze the price action closely once we reach those levels.
Until then, indicators look very bullish and there is little resistance ahead of us.
Well done if you bought the breakout! :)
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ETC is about to break out of the ascending triangleBINANCE:ETCUSDT is looking interesting and is about to break out of a major ascending triangle. I expect a minor pullback towards 7$ before it break out, target shown on the chart, closest stop is 5.3$ and ideal stop is 4.2$.
Hit the like button and follow if you find this useful :)
This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
ETC/ETH close to popETC has been sleeping for the past 3 years, I had high hopes for it, and it made me sad many times. But now (*emotional*) looks like it's getting ready to skyrocket through the galaxy. It looks like we are just bouncing from the bottom. There is a bit of resistance between 0.00605 ~ 0.0066 Eth. But after that it's smooth sailing.
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.