12 September 2018: Second Annual Ethereum Classic Summit is Coming to Seoul! etcsummit.com/
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Nice bounce in 12.8$, bulls defending the support but we need breakout the resistance in 14,5 - 15 to have a clear strong uptrend. Bollinger is pointing upward in 20 minutes (timeline)
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RSI is going UP in lower time frames (1 hour). ETC is acumulling with high potencial to break out the MA 200 currently in 16,4$
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NOTE: MA200 in 1 hour is 12.6$ for ETC
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There are many traders claiming the BTC is going UP to 7400-7500 and then it will correct to 6200 again. But the ETC and XRP appear are linked now with a lower influence of the BTC
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The only thing that ETC is waiting for change to a real uptrend is a strong volume in the Exchanges but no over the counter
Trade active
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Volume is coming now...
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If ETC cross the strong MA100 in 4 hours the next stop would be 14.5 - 15$
There is a resistance at price 12.58 but a strong support hold at 12.34 also.
jarking
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There is a resistance at price 12.58 but a strong support hold at 12.34 also.
audiopc2000
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BTC is controlling the market, the Bittrex ETCUSD new trade pair had minimun effect in the price. ETC is now oversold, but it depends of the BTC support in 6200 for avoid a major down.
jarking
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@audiopc2000, agreed good observation. time to time ETC go against the trend.
jarking
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@audiopc2000, Where do we stand now? i think we are going down with BTC, 4 hour , 1 day all indicates going down...unless magic happens with btc and the 1 hour change propagate to up