TradeBlock's ECX Index represents a real-time, USD-equivalent spot rate for Ethereum Classic. The index value is algorithmically calculated once every second based on observed trading activity on leading Ethereum Classic exchanges. The ECX index includes markets that are liquid in the ETC/USD & ETC/XBT crosses, incorporating the XBX index rate to offer a consolidated ETC/USD reference rate. The index has been in operation since December 2016 and was launched publicly on April 10, 2017. The ECX Index is designed as a reference rate to track liquidity while also adjusting for deviations caused by anomalies and manipulation attempts at individual exchanges. While the precise formula underlying the index is currently proprietary, the key elements of the algorithm are outlined below.
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PLace a TSL of 2.85 for a target of 4$
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Revised target to $10.50 (50% upside) in short term, with a Stop of $6.1