ETC – a bull has woken up
Updated
Hi Guys!
Let’s get back to one of our favourite coins.
ETC is much undervalued not just in terms of the price only.
It is ranked by coincheckup on the 1st place with regard a score of the project.
It even surpassed such giants as BTC and ETH.
Its score is at the level of 4.6/5. They are scored in such categories as open communication channel, activity on social media, team strength, advisory board strength, brand awareness, product strength, coin strength, git hub activity.
ETC reached 100% in team strength and 75% in the advisory board which is the weakest score.
The rest of the categories are rated over 90% which makes the strongest coin on the market.
In our opinion, they need a bit more of marketing and of course better attraction of the projects which are to be built on the top of ETC.
Google trends show us an increasing growth of interest in the USA. We bounced from the level of 21 on 22nd of December. Right now we are at the level of 71. This is 350%. WOW. Looking forward to further interest and price uprisal.
The number of transactions per day on ETC’s blockchain has also strongly increased. The bottom was on 18th November with 40K transactions/day. Right now it is around 60K. It means we have a 50% growth in just 5 weeks. This level of transactions was present in May 2016 at its peak. We have constant growth since Nov 2016 with a tiny slope at the beginning of 2018 (till May). Is there something big going on?
Technical analysis details:
• Hyper low on Fib scale - just bounced from the bottom marked in March 2017.
• Great profit/loss ratio – 2450%
• Almost all EMAs has been broken except EMA100. Wait till new daily bar starts above this line.
• On Visible Range - below the fair price (red line on the chart) and the range of 70% of all transactions (zone marked by blue lines)
• Ichimoku Cloud - a correction possible to TenkanSen (blue line) - wait for reloading
• Weis Volume - a perfect combination - no supply and decent demand
• Sentiment Oscillator - we are overbought - wait a bit for a correction and re-buy
• RSI - We are overbought - wait a bit for a correction and re-buy
Fibonacci targets:
1. 0.003000 (mid-term)
2. 0.004280 (mid-term)
3. 0.005278 (long-term)
4. 0.006276 (long-term)
5. 0.007698 (long-term)
6. 0.009509 (long-term)
Stop-loss: 0.0011
This looks very solid and it is actually great sell-off. It will take time to reach such level but it will pay off.
Please do share with us your thoughts.
Are you optimistic about the future of ETC?
Keep following us as we will make updated on ETC.
Massive Hugs!
WBM Team
Let’s get back to one of our favourite coins.
ETC is much undervalued not just in terms of the price only.
It is ranked by coincheckup on the 1st place with regard a score of the project.
It even surpassed such giants as BTC and ETH.
Its score is at the level of 4.6/5. They are scored in such categories as open communication channel, activity on social media, team strength, advisory board strength, brand awareness, product strength, coin strength, git hub activity.
ETC reached 100% in team strength and 75% in the advisory board which is the weakest score.
The rest of the categories are rated over 90% which makes the strongest coin on the market.
In our opinion, they need a bit more of marketing and of course better attraction of the projects which are to be built on the top of ETC.
Google trends show us an increasing growth of interest in the USA. We bounced from the level of 21 on 22nd of December. Right now we are at the level of 71. This is 350%. WOW. Looking forward to further interest and price uprisal.
The number of transactions per day on ETC’s blockchain has also strongly increased. The bottom was on 18th November with 40K transactions/day. Right now it is around 60K. It means we have a 50% growth in just 5 weeks. This level of transactions was present in May 2016 at its peak. We have constant growth since Nov 2016 with a tiny slope at the beginning of 2018 (till May). Is there something big going on?
Technical analysis details:
• Hyper low on Fib scale - just bounced from the bottom marked in March 2017.
• Great profit/loss ratio – 2450%
• Almost all EMAs has been broken except EMA100. Wait till new daily bar starts above this line.
• On Visible Range - below the fair price (red line on the chart) and the range of 70% of all transactions (zone marked by blue lines)
• Ichimoku Cloud - a correction possible to TenkanSen (blue line) - wait for reloading
• Weis Volume - a perfect combination - no supply and decent demand
• Sentiment Oscillator - we are overbought - wait a bit for a correction and re-buy
• RSI - We are overbought - wait a bit for a correction and re-buy
Fibonacci targets:
1. 0.003000 (mid-term)
2. 0.004280 (mid-term)
3. 0.005278 (long-term)
4. 0.006276 (long-term)
5. 0.007698 (long-term)
6. 0.009509 (long-term)
Stop-loss: 0.0011
This looks very solid and it is actually great sell-off. It will take time to reach such level but it will pay off.
Please do share with us your thoughts.
Are you optimistic about the future of ETC?
Keep following us as we will make updated on ETC.
Massive Hugs!
WBM Team
Note
Note
Note
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