#0013. ETCUSD. Long. Labs.

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
Market capitalization: 1074M
Capitalization rank: 15


Fundamental analysis

ETC Labs Launch in September, 2018

This event has been announced long ago and everything about it is known therefore there will be no influence on the price. But in the long term it is positive.

Technical analysis

The price still is in the falling wedge . Just as at the majority of other cryptocurrencies with big capitalization. The falling wedge it is well visible on 'ETCUSD' and "ETCBTC'.

It has to be favorable to buy about the lower bound of a wedge .
Sep 22
Order cancelled
We have a similar perspective. 9.000 has to be tested as a Lower Low first before any upside attempt (possibly to 12.000):

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