Some major bullish factors for ETC:
1) Mystique hard-fork solving the double-spend issue and strengthening the chain back in February
2) The "fifthening" in 2 days (April 15th), block reward cut by 20%
3) ETH live testing (ghost network) PoS chain right now, target date for complete implementation June, miners likely switch to ETC en masse.
4) on ETC:BTC pair it's well above all daily MA's
5) Using 50D MA as support
Bearish:
1) Held under 200D MA
2) Market barely holding support, with ample bearish sentiment across the board
3) Lots of resistance above between here and $54
If the market pumps ETC could go bigger than we've seen a token go in a while, but anything but a strong bull market and this token has so much resistance above it there's no way it'll break out.
1) Mystique hard-fork solving the double-spend issue and strengthening the chain back in February
2) The "fifthening" in 2 days (April 15th), block reward cut by 20%
3) ETH live testing (ghost network) PoS chain right now, target date for complete implementation June, miners likely switch to ETC en masse.
4) on ETC:BTC pair it's well above all daily MA's
5) Using 50D MA as support
Bearish:
1) Held under 200D MA
2) Market barely holding support, with ample bearish sentiment across the board
3) Lots of resistance above between here and $54
If the market pumps ETC could go bigger than we've seen a token go in a while, but anything but a strong bull market and this token has so much resistance above it there's no way it'll break out.
Comment:
Bear flag forming on the daily, pattern weakening, ETC:BTC pairing showing weakening as well. Without a big volume reversal in the next day or two it's looking bleak.
Trade active:
Breakout, we'll see if it has any legs....
Trade active:
Prepare for what might be one of the biggest crypto pumps of the year. No guarantees, but prepare...
Comment:
Very low volume. Market could go either way. VERY QUIET
