Crypto Screener Forums Ethereum Classic (ETC) Forecast – Technical Analysis Ethereum Classic (ETC) Technical Analysis – January 2018

This topic contains 2 replies, has 2 voices, and was last updated by CheesePuff CheesePuff 1 year, 1 month ago.

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  • #1386
    MrHanna
    MrHanna
    Moderator

    This is the thread for analysis on the Ethereum Classic ETC markets.
     

     

     

     

     

     

     



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  • #1445
    CheesePuff
    CheesePuff
    Moderator

    A long term look into the Etherium Classic market, seeing as Bitcoin has painted a nice bear flag onto the crypto space.

     

    ETC 22 Jan 2018

    We can clearly see resistance above the 0.38 fib, and we can see support kicking in at o.61 and 0.5 fib. Immediate support we can see at 28 dollars which also happens to be where the current trend line and 0.5 fib meet.

    The PPO indicator is showing us that the momentum is turning down again, and should it go into the negative, prices could fall to the 0.61 fib, or even lower, where I expect enough open interest for buyers to consider stocking up on some ETC again.

    We have seen the alt coins lose value against Bitcoin and alongside Bitcoin, and so we will wait for this to change before attempting to get gains on ETC versus BTC.

    Feel free to discuss this trade with us on Discord.

    #1387
    MrHanna
    MrHanna
    Moderator

    The Ethereum Classic has been seeing a steady increase in volume and a solid performer considering how volatile the crypto space has been.

    Ethereum Classic forecast
    The charts are looking very bullish for me and unless we get some seriously bad fundamental news, I would recommend investors and traders take a look at the ETC market for a long term hold.

    It could be wise to buy in the 0.0025 – 0.003 zone, inbetween the short term support and resistance.

    You can look for the breakout above 0.003, safe trades.

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