Ethereum Classic – definitely on our radar

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin
Hi Guys!
As BTC bounced off we can count on a bit of rally on other altcoins.

ETC is definitely on our radar. We are again at the bottom of the level which was defended 5 times since the turn of the year.
We also wait for the rise of the volume on Coinbase where ETC has been lately listed.
They enabled full trade mode on ETC so we hope within a couple of weeks when the market finally reverses from bear to bull, we will experience serious gains on ETC.
With the positive moods on the market we should earn good money. ETC is now discounted nearly 80% of the top price.
The ETC team made many technical advancements during last months (inter alia side chains) and are on the 12th position in terms of market cap and on 5th in terms of daily volume .

So looking at the chart.
Level of 0.0018 was defended 5 times since the beginning of the year. This is for some reason very strong support and this is not very likely to cross it down.
We also observed double bottom forming both on the price chart and Stoch RSI .

On the Weis Volume chart, we can also see lack of supply now. This is good information but to gain some $ we need of course more demand.
It will come. Sooner or later but it will finally come.

So Traders! When buying set your stop-loss at around 0.0018, depending on how tolerant you are at risk. First take profit should be at 0.003. Second take profit at 0.004. What next? Time will tell.

What are your estimations regarding ETC? Are you bullish our dear Traders?

Thanks for all comments and likes.
Don’t forget to follow our profile if you don’t want to miss the update.

WBM Team

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