ETC formed a running flat and broke down presenting with a short opportunity down to $8. BTC and ETH looking weak atm too. Very likely to see new lows on ETC as well.
@kryptowavetrader,
Thanks for the idea, but also keep in mind the market cap for all cryptos went down from almost $850 Billion in early 2018 and now it is trading on the level of $200 Billion. Any fresh money would be seeking for less risky investment especially ETC is on coinbase and it is the cheapest compared to ETH which has fallen from $1400 to $170.
True there is a bigger room for growth for ETH but realistically is ETH capable to do the same move from $200 to $1400 again soon? -According to Vitalik the days of 1000% growth for cryptos are over- Or ETC to hit 40 USD mark again or maybe even more?
In my perspective ETC has formed a diamond shape on Log on the monthly chart. Although it may go to $8 or maybe even $5. It highly depends on BTC movement like all other alts.
Victorwu88
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if BTC goes up because of FOMO of ETF by the end of this month, maybe ETC will also follow, but if ETF got rejected, that will be huge dump, what you think?
kryptowavetrader
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@Victorwu88, I only trade technicals. ETFs really don't make any difference for me. Most likely ETFs will be rejected but thats just my opinion.
Victorwu88
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@kryptowavetrader, thanks for the comment, really appreciate it. Let's see how the price will go?
smartrp
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@Victorwu88, its already break the 11.2xx resistance, i think its gonna test upper one
Victorwu88
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@smartrp, you mean it will go up, so, not going down to $8 for the short term?
smartrp
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@Victorwu88, yap, i see it longer than 60, 1D, and 1W, looks more optimist for long
Victorwu88
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@smartrp, thanks, I followed your TA, and thought I could buy ETC at cheaper price, maybe not for the time being
@kryptowavetrader, not really, use stoploss and TP then if trading, or buy it periodically (like installment) if you want to invest, the ATH (4x) its nothing compare to another alt
Thanks for the idea, but also keep in mind the market cap for all cryptos went down from almost $850 Billion in early 2018 and now it is trading on the level of $200 Billion. Any fresh money would be seeking for less risky investment especially ETC is on coinbase and it is the cheapest compared to ETH which has fallen from $1400 to $170.
True there is a bigger room for growth for ETH but realistically is ETH capable to do the same move from $200 to $1400 again soon? -According to Vitalik the days of 1000% growth for cryptos are over- Or ETC to hit 40 USD mark again or maybe even more?
In my perspective ETC has formed a diamond shape on Log on the monthly chart. Although it may go to $8 or maybe even $5. It highly depends on BTC movement like all other alts.