Ethereum Classic (ETC) : Is it finally time?
Ethereum Classic has been descending for a solid 6 months post alternate coin season in April-June. The long term chart looks primed for some action that I believe will be occurring extremely soon. For those of you that have followed crypto the past month, you basically could've bought anything and profited nicely at this point. Ethereum Classic is one of the few codes that hasn't increased proportionately compared to others. I do believe its time to shine is amongst us though.
Some things that lead me to believe this are:
* Possible double bottom occurring on early November and Early December.
* MacD on 4 hour and daily look primed for crossover with positive divergence.
* RSI allows room for substantial growth.
* Stoch MTM on 4 hour and daily are ready to cross and also are bottomed.
* Ethereum is showing strength and there's been multiple times Ethereum Classic and followed close behind.
Trade Procedure:
Buy:
1.) Under 0.00195 sat
OR
2.) Break of 0.0022 sat IF old resistance becomes support.
Sell:
Target 1: 0.0031 sat
Target 2: 0.0042 sat
Target 3: 0.0059 sat
Target 4: 0.0089 sat
Target 5: new highs
ALWAYS sell in percentages. Don't sell your whole amount unless you want completely out of the trade or you're really good at buying back in dips.
Stop-Loss:
Not needed. There is a chance this coin drops. However, I don't see it dropping lower than 0.00152 sat.
Trade Length:
6 months to fully develop, but I expect good gains in less than 3 weeks.
Goodluck Everyone!
Some things that lead me to believe this are:
* Possible double bottom occurring on early November and Early December.
* MacD on 4 hour and daily look primed for crossover with positive divergence.
* RSI allows room for substantial growth.
* Stoch MTM on 4 hour and daily are ready to cross and also are bottomed.
* Ethereum is showing strength and there's been multiple times Ethereum Classic and followed close behind.
Trade Procedure:
Buy:
1.) Under 0.00195 sat
OR
2.) Break of 0.0022 sat IF old resistance becomes support.
Sell:
Target 1: 0.0031 sat
Target 2: 0.0042 sat
Target 3: 0.0059 sat
Target 4: 0.0089 sat
Target 5: new highs
ALWAYS sell in percentages. Don't sell your whole amount unless you want completely out of the trade or you're really good at buying back in dips.
Stop-Loss:
Not needed. There is a chance this coin drops. However, I don't see it dropping lower than 0.00152 sat.
Trade Length:
6 months to fully develop, but I expect good gains in less than 3 weeks.
Goodluck Everyone!
Comment:
Trendline Broken!
Comment:
Old resistance is appearing to become great support so now is a great time to buy ETC for a very, very safe long trade.