ETHEREUM CLASSIC (ETC-USDT)- LONG Hello traders,
Here is a new analysis of Ethereum Classic(ETC-USDT) on the 8 hour chart. ETC has had an impressive rise recently.
Etherum Classic broke out on high volume above the old all time high. Therefore, this rise also seems to me to be sustainable for the longer term.
The RSI is currently at a very high level so it remains to be seen whether we will continue to rise immediately. Possibly we will get a negative divergence after which a correction will take place or the high level of the RSI will cause an earlier correction.
The targets for Ethereum Classic are now:
-> Target 1 88 USD
-> Target 2 127 USD
Support for ETC is now at 63, 55.50, 48.80. A very important support level is at 44.27. I remain bullish above this level but below it we can further correct to possibly the bottom of the rising trend channel. This is of course also a perfect Low Risk Reward buy after which you can calmly wait until the top of the channel is hit again.
The longer trend is up untill we are not in a rising trendchannel anymore. Very important is to determine your trading time frame! A trend on the 1 hour timeframe can be down while on the 8 hour time frame it is up.
The market is very volatile so good stops in strategic places are needed to protect profits.
Discalaimer: this is not a trading advice but purely my personal view on this fund.
Ethereumclassic
ETCUSDT 1hour Technical Analysis1-Macd is selling green cutted red line
2-RSI still selling show
3-CCI all sell
4-Stocastic Selling show but green trying cut for give buy.
Stuation if cntinue like this. With 1 hour Technical ETCUSDT can go to SELL if you looking Dily technical Price is very High. Where will be explode?
ETC/USDT 762% pure Profit from our entry so book profit#ETC/USDT Profit update:
$ETC currently trading at $76 and and went upto $82
So now you are in huge profit.
762% pure profit without leverage.
Entry was : $10 ✅
TP1: $21 ✅
TP2: $42 ✅
TP3 : $62 ✅
TP:- $80 ✅
Guys hope you very very happy with my analysis.
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ETC 1D Price is near the all-time high, where next?Today we will look at the price action of ETCUSDT
In just over a year of growth, the price of ETCUSD rallied by making x17, finally reaching an all-time high that was set back in early 2018.
On the one hand, it seems like x17 is a good result, but if you take into account the fact that ETC is a fork of ETH and +|- repeats the price movement behind it, we think the result is not very impressive. Ethereum is 60 times more expensive than EthereumClassic, and it was able to update the 2018 absolute maximum more than twice in the same time.
By the way, here we have a series of ideas for ETHUSDT
So, Classic is now for the second time trying to update the 2018 maximum, which was around $47 and so far it has not been very successful.
Now the most positive scenario for the growth of the price of ETCUSDT is a possible break of the stops of shorts, which can hide above $50 . Such actions can provoke squeeze growth to the $57-60 area.
Above growth is not yet visible for us.
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Expanse ($EXP) Another hidden Ethereum fork gem 💎 60x gains.Just take one good look at the 5 year chart. Look at Ethereum and Ethereum Classic and compare. Expanse is a sleeping giant.
Expanse is an open blockchain platform forked from Ethereum that lets anyone build and use decentralized applications that run on blockchain technology. This is one of the most active for mining and has been flying under the radar. Major volume consolidation happening. This one has not popped yet.
Previous high was over $9.00 per coin. That's potential for 60x gains at least.
Financial disclaimer in the signature. DYOR.
Good luck.
Ethereum chart review Ethereum is still the most important chart for alts traders at current market. While BTC doing its dirty choppy business ETH is building higher lows and highs.... and every time it does it again the whole market gets another portion of bullishness. My target zone stay the same - 53500-56000. Above will be 64000 and 71000 from the same historical period.
PSA: Beware of "Zombie Chains" - ETC, MIOTABitcoin, Ethereum, and most of the projects out there have never had their protocol compromised. There are a few exceptions -- the biggest ones being Ethereum Classic (ETC) and MIOTA. ETC had their protocol compromised by a 51% attack, MIOTA's system is most likely not even a real blockchain, after being audited by the MIT Technology Review. But we call them "zombie chains" because the blockchain allows for these projects to persist, even though it's dead.
$ETC BUY SIGNAL - MOVING MORE THAN ETHA better play off of the ETH move on a longer time frame. ETC has been double and tripling versus ETH's slower than anticipated climb above $2000 and $2500.
Would rather allocate more funds into ETC over ETH for the time being as this weekly trend is a little younger. Better to be a little bit earlier in something that has a higher probability of outsized returns.