After the news of ETC being listed on Coinbase, its price moved with more than 20% in a very short period of time. The time to buy has come after BTC -1.76% has fallen further and is close to potential short term reversal probably to at least 7000-7500 region.
The volume on ETC for the last 24h is more than 350 mil with a market cap of 1.3 billion. This makes a ratio of 1/4 of volume/market cap indicating the interest for the coin is very high right now. Normally, this ratio is something like 1/20 especially for the bigger altcoins.
I will update with sell targets but for now make sure you start layering buy orders.
The volume on ETC for the last 24h is more than 350 mil with a market cap of 1.3 billion. This makes a ratio of 1/4 of volume/market cap indicating the interest for the coin is very high right now. Normally, this ratio is something like 1/20 especially for the bigger altcoins.
I will update with sell targets but for now make sure you start layering buy orders.
Trade closed manually:
The market does not look bullish enough to continue the trade. It is safer to take profit here.
Comment:
Trade closed at 10% profit