TradeBlock's ECX Index represents a real-time, USD-equivalent spot rate for Ethereum Classic. The index value is algorithmically calculated once every second based on observed trading activity on leading Ethereum Classic exchanges. The ECX index includes markets that are liquid in the ETC/USD & ETC/XBT crosses, incorporating the XBX index rate to offer a...
This symmetrical triangle is definitely bullish, however, If BTC keeps going sideways, there could be prolonged indecision in ETC too, so the breakout will probably be stalled.
We are en route to my Buy Zone (green box) before a retrace to my Sell Zone (red box). Feel free to short from here. Keep your margin small and trade safe! Have fun guys!
I expect a big correction to materialize somewhere between now and early next week. If we get an ATH double top, then we should see a sharp dive to the lower 1.40s (purple range). Otherwise, we might land somewhere between lower 1.30s and upper 1.20s (teal range). I recommend that we setup our Buy orders at these two ranges highligted in my chart. Good luck trading!
