Hi, today we are going to talk about the Ethereum Classic (ETC).
At the ETC we observe a breakout of a Downtrend Line followed by the possible formation of the Three White Soldiers (Bullish Pattern), so a strong Bullish confluence. With the continuation of this movement, we can expect an possible Bearish defense at the level of 61% of Fibonacci retracement as...
Trying to break from descending trendline as volume flows in...
Only willing to take a chance here if I see some flip into support at current level (green line)
UCTS Buy signal on the 8H just appeared..
Ethereum Classic (ETCBTC) is showing a nice bullish candlestick pattern called bullish engulfing... This only confirms after the daily candle closes today above 0.000543.
This and other signals are telling me that ETC can go bullish soon. We have above-average volume today (still developing as well) and a bullish RSI... Let's proceed straight to the trade...
ETC has hardfork on September 17th. This may be a fundamental cause for further growth, if crypto market stays healthy. Targeting these resistance zones: 575 - 600 - 620 -640. Day chart so this may take some time =)
Trade on your own risk!
ETCBTC forming falling wedge - reversal pattern
Ethereum classic was one of the seven coins approved by the Thai Securities and Exchange Commission (SEC).
The Thai SEC based its decision on the liquidity of the cryptocurrencies and on their consensus credibilities, among some other criteria.
ETC’s acceptance by the Thai SEC makes one more thing for...
For the past 2 years the ETH/BTC pair has been slaughter. Even though this was during the most prominent bear market in the short history of cryptocurrencies, Ethereum's demise seamed to be disproportionate. ETH/BTC is now trading just below a longterm area of support (green zone). It also seems to be bouncing off its original accumulation zone from early 2016...
$ETC / $BTC
Looking at the 64.5k sats level as a 6H buy signal was triggered on the UCTS indicator..
If crossed with volume, we can start thinking of some reversal signals from this asset...
For now I will just observe how it develops