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Ethereumclassic

ETHEREUM- Buy Now or at 1285 euros ?The explosion in bitcoin and cryptocurrency prices has catapulted digital assets into orbit this year, with the crypto market's performance demanding Wall Street's attention. Bitcoin's rally, adding almost 300% to the bitcoin price over the last 12 months, has been dwarfed by Ethereum, the second-largest cryptocurrency after bitcoin by value. The Ethereum price has added some 800% since this time last year. Now, as those in the cryptocurrency industry try to forecast the market's direction, analysts at Wall Street giant Goldman Sachs has predicted Ethereum has the potential to eclipse bitcoin in the coming years—and warned the extreme crypto price volatility means it can't compete directly as a safe haven asset like gold. Ethereum's ether token "currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications," Goldman Sachs researchers wrote in a note to clients this week, first reported by Business Insider . The future looks great for Ethereum, despite the competition of Cardano, which remains my favorite project. Take a look at our chart, with a simple demand zone and an all time trend line. Buy now or at 1285?
Long
by FX_Professor
6
ETC- 50/50 Outlook over this month leading to Magneto upgradeHello Traders, Like most of the market, we are awaiting a continued confirmation of an uptrend. In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades. Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects. Yes, they may not put off the 400% gains but, a potential 100%-200% gains will do anyone just fine. ETC looks to be forming an inverse Head and Shoulders pattern on the hourly chart. The daily chart may be forming a short term bearish pattern leading to a retest of the bottom trend line. Unless, the recent upward movement continues and it can push past the resistance. In any case, I think ETC can have a strong next couple of weeks, giving a 50/50 chance of solid ROI of 80%-100%, landing us in the $120.00 range. This week, will be big for the whole market, as it will be the beginning steps to a bullish confirmation for the remainder of the year, or a slow and steady bleed. Good luck.
COINBASE:ETCUSDLong
by MarkStPeter
Ethereum Classic (ETC) | The Lone RunnerHi friends, hope you are well and welcome to the new update on Ethereum Classic (ETC). More than 1300% huge rally: On 21st March I shared an idea when the price action of Ethereum classic completed the formation of a bullish BAT against the Bitcoin and entered in the potential reversal zone of this harmonic bullish reversal pattern. Finally, the priceline started a move towards the upside surged more than 1300% that was a huge rally. A huge rejection: After this powerful rally the priceline of ETC reached $180. The price action found the resistance at $140 because here we have several touchpoints. After being rejected by this level the price action moved down and broke down the $50 support level. Recently the priceline has again broken out the $50 resistance that was previously breaking the support and moving between the $50 and $60 support and resistance levels. The SMAs. While the price action found that support at 50 dollars, at the same time the price action went very close to the 200 simple moving average on the daily time frame. From here it moved towards the upside and broke out the 100 simple moving average again. At the moment the priceline of Ethereum classic coin is moving between the 50 and 100 simple moving averages. The 50 simple moving average is also working as a strong resistance for the price action. At this time it is very important for the Ethereum classic to save the supports of 100 simple moving average and the $50 at the same time. Another bullish harmonic reversal pattern formed: This time on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone. I share this pattern a few days back on 27th June. So far the price action has surged more than 90% after hitting the weekly 21 exponential moving average support. This time the price action of Ethereum classic can surge more. Because the previous pattern was formed on the daily time frame whereas this has been formed on the weekly time frame. Therefore, we can expect a bigger move in the long term. Conclusion: On the weekly time frame chart the Bitcoin has broken down the EMA 21 whereas the Ethereum classic is still having good support of 21 exponential moving average on the weekly time frame and it has also formed a bullish harmonic reversal pattern. Therefore, there is strong chance that in the long-term the ETC will surge more against the BTC in the Bitcoin market like it did previously.
by moon333
1