Nice structure here in the ETHEREUM Classic (The DAO). Solid moves. We are now at the previous X wave top. If this was a 2nd wave low, we are looking much higher, above $50
Expecting the support in the area of 4th wave of lesser degree and then another push on lower volume and divergence towards a possible 5. Time for corrective choppy days on this one.
Good Luck!
ETC is getting into oversold territory. Check out this daily RSI, ridiculous. I don't think I would short it with this type of strength, but we definitely want to keep an eye on it if it comes crashing down. As of right now just above the $5 area is the zone to look for.
Happy trading and hodling.
-Sherem
One week ago on Sunday (12th of January) Ethereum Classic completed the "Agharta" hard fork, which makes it "more interoperable" with sister-chain ethereum.. whatever that means, ETC more than doubled its value in a couple of days during the week.
Technically speaking the price broke out from the descending bearish trend, which provided a good signal for...
Technical analysis
Ethereum Classic, this scammy project is gonna have a short term retrace before continue its scammy rise. Newbies are gonna lose money buying into at the high and selling it at the low, whales make shit load of money and good traders have small pieces of the cake, just normal day in the market
ETC/BTC
ETC shoots up over 100% price increase in a very short period, this move is kinda scary as no single support is built during this massive move up.
The price can drop faster, be cautious as this coin is highly volatile and risky. Also, ETC is trading within an area of resistance and the candle hasn't closed yet.
Do not FOMO with this type of market move...
Hello Guys,
Breaking up of bearish trend line and signals from our momentum strategies for long trades are coming on weekly ETC/USD chart.
We suppose it's end of bearish trend for ETC. There is begin of new accumulation for global upmove.
If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your...
Ethereum Classic - ETC has touched it's 200-day moving average, which might act as resistance. This is also an area where it found support in July and August of 2018. It would make sense for it to stall here after quite a good run higher.
I wrote about this coin and how to trade. If you missed that post, you can find it in the related ideas. The main idea was to wait for a pullback from 5.50 as the breakout signal would provide more risky trade. But if you bought above 5.50 or if you followed the trend reversal signal and opened long positions from 4.00, now you have to decide what to do with...
ETC/BTC
ETC is battling key resistance area or the previous Swing High at 7000 sats levels.
We are still in an uptrend but we have 1 warning signal on the RSI. I'm still bullish on ETC since this upward trend-line is still intact.
EMAs are also catching up on its uptrend, this will give us dynamic support to continue another leg up.
Key areas must hold is 6300...
I don't believe in this market as the asset for the long term investing, but as the coin for trading with close targets, why not?
The price reached the resistance line SMA200, and we can get a reversal. If you hold this coin from 4.00 levels, probably it is the right time to fix at least the part of profit.
When the price broke the downtrend line, it was a...
Ethereum Classic is extending a strong rebound after the December 17 low, which on a 12-month basis appears to be the bottom of this cycle as the bounce happened inside the 3.300 - 3550 1M Support Zone. Even the RSI sequences of the (Dec 2018-Feb 2019 with Nov 2019-Jan 2020) are similar.
So what's now then for ETC? In my opinion we should focus on the Symmetrical...
