I posted an update in my long term Etherum Classic vs Bitcoin -0.86% (ETCBTC) trade which you can find here: https://www.tradingview.com/chart/ETCBTC/RPnwf9x6-Etherum-Classic-ETC-Next-Run-353-Profits-Potential/
Now, let’s take a quick look at ETC vs USDT.
By looking at the daily and weekly charts, we can spot the following signals:
– We have a signal that never fails, EMA10 crossing up EMA50, as well as SMA20 crossing up SMA50 (which is basically the same), very strong signals that points to additional upward movement for this coin.
– We are now trading above the EMA100 line, which hasn’t been done for over 2 months. The next challenge is the EMA200 line at $18.5.
– On the weekly time frame, to the right, we can see that ETC has been positive for 4 straight weeks and now crossing above the EMA10 line, which is great for this coin.
– A strong close on the weekly time frame can mean huge gains next week… And that’s exactly what I believe.
Note: This is no trade advice. This is an educational post.
Thanks a lot for reading, I hope you were entertained by this information and wish that it can help you earn a few bucks.
P.S. Please make sure to like, share, follow & comment to support more of these trade ideas.
Comment: 31 July 2018 (or earlier)
Emerald SDK Release
Sidechains support in Emerald Project & Emerald SDK First Release
31 August 2018 (or earlier)
“JIT Compilation in SputnikVM.”
12 September 2018
Second Annual Summit
“Second Annual Ethereum Classic Summit is Coming to Seoul! September 12-13 in Seoul.”
30 November 2018 (or earlier)
Full IOT Compatibility
Fully IoT-compatible infrastructure of ETC
31 December 2018 (or earlier)
Upgrade EVM (new opcodes and optimizations)