Ethereum ClassicUpdated ETCUSD 8/1/2021
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Elliot Wave
I have been buying this coin in a price range of $ 35.00 to $ 43.00. Seems like, my previous TA works well. Ethereum (ETH) is in a proof of stake this year. I think ETH miners will be mining Ethereum Classic (ETC). Since, they have the same mining algorithm. If you see the global hash rate chart of ETC, there is a sudden surge of hash rate. I think, some ETH miners are now slowly transferring to ETC. I know also that ETH hash rate is currently recovering as of the moment. As of the moment, It’s still more profitable to mine ETH than ETC. ASIC & GPU Manufacturers releases their new product to supply the big demand for Crypto Mining. Bitmain releases Antminer E9. Innosilicon release ASIC miner too. On GPU manufacturers, there is a rumor that Nvidia may release 4000 series in 2021 while AMD releases 7000 xt series. That’s my bullish argument to support ETC’s price action in this Elliot Wave. Not a financial advice.
Weekly
Daily
4HR
1HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_________
Technical Analysis
Elliot Wave
I have been buying this coin in a price range of $ 35.00 to $ 43.00. Seems like, my previous TA works well. Ethereum (ETH) is in a proof of stake this year. I think ETH miners will be mining Ethereum Classic (ETC). Since, they have the same mining algorithm. If you see the global hash rate chart of ETC, there is a sudden surge of hash rate. I think, some ETH miners are now slowly transferring to ETC. I know also that ETH hash rate is currently recovering as of the moment. As of the moment, It’s still more profitable to mine ETH than ETC. ASIC & GPU Manufacturers releases their new product to supply the big demand for Crypto Mining. Bitmain releases Antminer E9. Innosilicon release ASIC miner too. On GPU manufacturers, there is a rumor that Nvidia may release 4000 series in 2021 while AMD releases 7000 xt series. That’s my bullish argument to support ETC’s price action in this Elliot Wave. Not a financial advice.
Weekly
Daily
4HR
1HR
_________
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
10 TAs – I made today, August 1, 2021.ONEUSDT
AXSUSDT
BCHUSD
LINKUSDT
BTCUSD
ADAUSDT
ETHUSD
ETCUSD
ICPUSDT
COMPUSDT
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.