Ethereum Classic (ETC) has been a complete disappointment for a lot of investors in the past. The price failed to rally at the same pace as the rest of the market and thus investors who were betting big on Ethereum Classic (ETC) did not profit as much as those that bought Ripple (XRP) or EOS(EOS). However, Ethereum Classic (ETC) is known for making its own moves at times which has served the cryptocurrency a lot well and investors who had been hodling Ethereum Classic (ETC) since the beginning of this correction would have lost the least compared to those holding other coins including Ethereum (ETH) and Ripple (XRP).
Ethereum Classic (ETC) has been the quick buck artist’s nightmare. The weekly chart above for ETC/USD shows exactly why. The price of Ethereum Classic (ETC) entered a diamond formation since 2017 that extended all the way to the end of 2018. Many investors and market analysts expected that Ethereum Classic (ETC) might make one of its independent moves and respect this diamond formation in order to break above it later. However, we soon saw it succumb to the deadly force of Bitcoin (BTC) and the price broke the diamond formation which immediately triggered a retest of the previously tested $10 support. It also destroyed hopes of an immediate breakout for short term investors. So, Ethereum Classic (ETC) is not really one of the favorite coins in the crypto community right now. However, we have reasons to believe that is going to change in the months to come.
Read Detailed Analysis: cryptodaily.co.uk/20...gest-winner-in-2019/
Ethereum Classic (ETC) has been the quick buck artist’s nightmare. The weekly chart above for ETC/USD shows exactly why. The price of Ethereum Classic (ETC) entered a diamond formation since 2017 that extended all the way to the end of 2018. Many investors and market analysts expected that Ethereum Classic (ETC) might make one of its independent moves and respect this diamond formation in order to break above it later. However, we soon saw it succumb to the deadly force of Bitcoin (BTC) and the price broke the diamond formation which immediately triggered a retest of the previously tested $10 support. It also destroyed hopes of an immediate breakout for short term investors. So, Ethereum Classic (ETC) is not really one of the favorite coins in the crypto community right now. However, we have reasons to believe that is going to change in the months to come.
Read Detailed Analysis: cryptodaily.co.uk/20...gest-winner-in-2019/