Etc could become a real alternative to eth in the future. Etc wants to do some things for the future (updated monetary policy, hard fork). Do not forget, etc also has support from china.
Let's see what happens. Happy trading. :-)
Ethereum classic price managed to find bids against the US Dollar and Bitcoin, and ETC/USD is now eyeing a break above $17.50 for further gains. www.newsbtc.com
Trying to keep it simple here. Regression to the mean. The pendulum now swings in the other direction and I'm planning an entry around $150. Plan subject to change as new information becomes available :)
With the new ICO's on the rise ( EOS -0.41% ,TEZOS & DOA CASINO) Its time to short as ETH investments are now flowing out.
Bitfinex and Yunbi are due to release the EOS -0.41% ERC-20 tomorrow on there exchange, as of the 1st of July 2017 +8:00 UTC we would be able to trade it.
Meaning people would only use ETH as an ICO 0.00% coin, EOS -0.41% crowdsale is for 1...
Flag is breaking down, short opportunity to the bottom of the larger trending channel. Be cautious of retracements for bounces, but I think we could test the lower symmetrical pullback at the bottom of the channel ($151.42) over the next few days if we don't stop at the 1.272 target of ($175).
Cheers!
We are in a descending channel from the highs that are holding very nicely. After the last bounce from support we pushed up to the top of the channel which was also a 1.272 target from the decline. We are drawing a nice flag here (purple lines) and I would expect the flag to fail and retrace to the bottom of the channel and find symmetry (red lines) before...
Clear elliot wave in ether, the initial 5 waves are compleated and the "a" correction has given way to the "b"ascendance, after which, ether will drop again, overall still bullish but bearish in the short term, dont sell yet, wait until we reach the peak of the "B" wave.
Look at the chart.
Most noticably is the buyers keep coming in around the 50 RSI level, which is Positive.
Also you see support on the chart, although it hasn't breaked-out strongly to the upside yet.
The fibonacci level still points towards higher targets.
This starts looking more and more like it favours normal market conditions from the well known Forex markets.
I think we have officially bottomed out. We saw substantial volume come in at the 61.8 retracement level and I think that that marked a 1st and 2nd wave completion. If so, I expect longterm bullish sentiment taking us above the £600 mark.
Im finding it hard to find a case for more bullish sentiment, initially I though we would go up, but now I'm not so sure. One the bring side, if we do consolidate lower there will be a great buy opportunity building.
So Ethereum pulled back heavily along with Bitcoin. Assuming Bitcoin doesn't continue to struggle due to rumors of hard fork in August, Ethereum should continue to be able to build higher. I have marked my standard price targets as well as FOMO top price targets.
Not much action in this market since my previous idea release:
The market structure remains buillish. This chart details intraday levels. Use the pitchfork as the current price channel. Once price breaks it, expect more bullishness. More updates are due.
This thing is gaining steam and looks like it will breach the .1 btc level and surpase it -- take profits around .15 and begin to short after that ocne we see some down monmentum
Previous buy signals for Ethereum were quite successful (see links below). It all began here:
Pay attention to how closely price followed these projected levels.
Now my view is that this correction from ^ATH of $412 is likely to continue below $300. To resume the uptrend we need to break out of the pitchfork. Important price levels are drawn on the chart.
