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Ethereumclassic

Ethereum Classic's Fork LiftEthereum Classic (ETC) has had a great start to 2021 with the price rising 600% YTD. The hash rate of the ETC network has been rising steadily since the three year low as seen in early September last year. The Price has followed suit from the off in 2021. This has resulted in making the network more attractive to miners which in turn increases the security of the project. We went long on 07 February and are +373% in a little over two months. Ethereum Classic is a global, open-source blockchain platform for decentralized applications (DAPPS), powered by smart contracts and has its own native digital currency ie. ETC. Ethereum Classic is actually the original legacy chain of the Ethereum network. It emerged after a contentious hard fork on the Ethereum blockchain in July 2016 after a disagreement over reverting the blockchain to reverse a hacking. The hacking involved DAO or the decentralized autonomous organization, which had raised $150 million in an initial coin offering months earlier. Whereas ETC did not revert the chain, ETH followed another course. Both the coins support smart contracts, but ETH has taken a performance-based path in its 2.0 rollout as it moves to a Proof of Stake model. Ethereum Classic is a continuation of the original Ethereum blockchain - the classic version preserving untampered history; free from external interference and subjective tampering of transactions. Greyscale Investments, established by Digital Currency Group in 2013 have created 14 Digial Asset Trusts including one for Ethereum Classic. The ETC trust is now the third largest digital asset trust on Greyscale's books: tokenview.com Ethereum Classic has a circulating supply of 130 Million ETC coins and a max supply of 211 Million. Binance is currently most active market trading it. We spotted an opportunity in early February as a result of the rising hash rate which had been in evidence over the previous months and with the price having retraced 420% from its all time high, we decided to take the plunge. Today we see a 18% pullback in the price from its all time high set just 14 hours ago. After the recent rally, this pullback may see a few sniffer dogs arrive on the scene. Will you be one of them?
KRAKEN:ETCUSDLong
by rzinho
3
ETC Volume / Market Cap ExceedsETC Price traded at $29.96 with a gain of 35% in the last 24-hour and 59.50% up in the weekly time-frame. Furthermore, ETC bounced from the support of $20.60. In contrast, the market capitalization stands at $3.55 billion. Technically, investors can perceive a positive crossover in the EMA, and the price sustains above all the EMA. RSI index showcases a downward slope. Moreover, the price movement can be towards the resistance of $35.0 in future trading sessions. Resistance: $35.0 Support: $20.60
KRAKEN:ETCUSDLong
by tcr_thecoinrepublic
4
ETC - The forgotten I don't want to spend too long on Ethereum Classic, because I don't think it would deserve too much attention, other to say that this should get a big boost from the miners that are leaving Ethereum. I understand that BTC is getting its all time high right now, so this will drop in the very short term. TA: - Golden Cross of 50MA over the 100MA with very bullish movement directly after. - Bullish Divergence of RSI, as Price declines yet RSI improves with higher lows. - Price movement moves up and over the 200MA, after bouncing down from it previously. This is set up to be future support, which could lead to a very substantial bullish movement if it bounces from it. Some History on this idea: To understand why I would pick a project that has been hacked so many times, we need to think about what is happening on Ethereum currently. We had a Proof of Work coin, that has been #2 Market Cap since it started, and has shown signs of fast paced growth vs Bitcoin. However, as of 2020, Ethereum decided to start down a new path, one that will end mining on Ethereum forever, and will become a Proof of Stake coin. The Miners, who were already upset at the decision, were dealt another blow as Vitalik introduced EIP1559 - coincodex.com EIP1559, as shown from the Article, is set to greatly lower the amount of Gas fees of Ethereum, by removing inefficiencies that coincidentally help enrich the miners. The miners have not been silent about this change, and have threatened everything, even hacking the project itself. With the revolution currently raging, the next logical project that reminds miners of Ethereum, is Ethereum! Classic. ETC is still the original Proof of Work project that resulted from a Fork early on. My theory is that as time goes on, and it becomes less profitable to mine ETH, which eventually goes down to 0 - that ETC will take its place as the preferred coin to mine, which will result in a pretty substantial gain in the price of ETC. I think it will happen during the next 3 months.
Long
by Shwayze
4
🚨 UPDATE ETH/BTC - Trade successfully completed!Hello dear readers, I presented the idea for this trade HERE on 22 March. Now the trade is finished: Symbol: ETH/BTC Duration of trade: 15 days Profit: 22% Conservative All price targets worked off: Yes With that, this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader
ETC/BTC 130% up from our entry and still fuel for upward#ETC/BTC Profit Update:- #ETC currently trading at 4550 Satoshi And Our entry was 2000-2100 Satoshi Now 130% up from our entry. Hope you enjoying our Profit ride. Entry:- 2050 Satoshi ✅ TP1:- 3028 Satoshi ✅ TP2:- 5101 Satoshi Pending Don’t forget to book profit. I Am seling here my Principal amount. And some profit also. Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by CryptoPatel
6
Ethereum Classic (ETC) - April 11Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a good day. ---------------------------------- The volatility around April 12th (April 11th-13th) will have to see if there is any movement that deviates from the 16.5310793-22.9095781 range. In particular, we have to see if we can get support in the 19.7203287-20.7834118 range. You should watch for movement to touch the critical point, point 26.2054400. If you decline at 16.3195170, you need a short stop loss. ------------------------------------- (ETCBTC 1W chart) (1D chart) We have to see if we can get support and climb in the 3070 Satoshi-3541 Satoshi section. If it is supported by the 3070 Satoshi branch, it is expected to continue the upward trend. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
HITBTC:ETCUSD
by readCrypto
4
ETC.USDT (Y21.P2.E1).Its storyHi Traders, Another similar price action and using the XTZ fractal, we can identify this as bullish formation as well with plenty of room to the upside. How to trade this? 8 HRLY CHART. I would wait for this candle to close, 2 hrs to go. If it ends up bullish, look at the lower time frames to confirm and then enter. However it might be better to wait for this to hold this level longer, make a uptrend, then think about entering then. All the best, S.SAri
Long
by ssari
1
Good old fashioned CLASSIC ETHEREUM looking to exit confluenceAfter a mini nose dive, stochastics and a little spike in volume indicate a possible move upward into resistance at a previous tested price point. However, it might be best to wait until it crosses the line to make any bets on this one. If it crosses, go long, if it continues a little further down, go short. You don't have to win all the time, just lose a little less every day. That's my dieting strategy... Make sense?
by Ifyouonlyknew
1