ETCUSD trade ideas
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 - $45.21ETC is currently trading close to the resistance zone at $32.75. If it can break this resistance, we could start seeing a move towards $35.07, $38.40 and $45.21 beyond which it will enter a price discovery mode. Failure to break the resistance at $32.75 could lead to a drop towards $30.09 and $26.94.
$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.