Ethereum Classic - A deeper look (technical analysis chart)

in #ethereum9 years ago (edited)

What's going on Crypto Squad.. ETC has always sparked my interest. It seems to have just found support before this last upward move.
ethclassic.jpg
Now is probably not the time to buy. We never buy GREEN candles. We buy RED, you know this. I feel a pull back coming.
Screen Shot 2017-11-11 at 6.51.59 PM.png
ETC is currently up quite a bit. Bitcoin is extremely unstable right now and luckily ETC trades into the USDtether, a cryptocoin that mimics the dollar value and fluctuates 1 or 2% at most. You could hedge there and wait for some retracement and up your Ether Classic numbers!

Trading for $20.20 on https://bittrex.com/Market/Index?MarketName=USDT-ETC right now
Screen Shot 2017-11-11 at 6.57.14 PM.png

Here we go!
5 minutes candle sticks
Screen Shot 2017-11-11 at 6.22.35 PM.png

still 5 minutes candle sticks
Screen Shot 2017-11-11 at 6.24.07 PM.png

30 minutes candle sticks
Screen Shot 2017-11-11 at 6.26.09 PM.png

3 hour candle sticks
Screen Shot 2017-11-11 at 6.27.15 PM.png

Let's add a Fib retracement chart
Screen Shot 2017-11-11 at 6.27.57 PM.png

How ironic 🤣

And the rest of this is just an out loud.. or, on blockchain thought.
Screen Shot 2017-11-11 at 6.32.18 PM.png
Screen Shot 2017-11-11 at 6.38.17 PM.png
Screen Shot 2017-11-11 at 6.40.44 PM.png

Buy Red, Sell Green!

https://ethereumclassic.github.io/

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