Etherum Classic (ETC) Next Run (353% Profits Potential)

in #bitcoin7 years ago

Etherum Classic has been a great money maker for us. ETC is always making us money, and now the charts are calling saying that they want to pay us more.

Ok, we get it, let's look at the charts and see what is it that is coming... How it is that you should trade this coin.

Etherum Classic (ETC) Trade Analysis by Alan Masters

Etherum Classic is the original version of Etherum before Etherum first main hard fork. Out of this hard fork, an upgrade to the Etherum system, a new chain was created which is now called Etherum Classic (ETC).

ETC is in the top 20 altcoins by market cap., with 1.7 billions in market cap at the time of this writing and putting it at #17 on this list (which is sponsored by CoinMakertCap.com)... This can change quickly, either up or down, as soon as the market starts to move again.

Etherum Classic all time high ( ATH ) was set on May 22nd 2017. Based on this all time high, we will do some "calculations" to come up with the best targets, buy-in and other details for this trade. I will also share mid term targets for you so that you can sell for profits quickly if you prefer that vs long term.

Here is the weekly chart:

Here you can see the ATH 1.38% (magenta line and red vertical line for the date) plus the bottom price reached in the past few months.

  • Positive Divergence and Accumulation on the MACD for the weekly time frame, is a strong a signal as you can get. To me this means that ETC will have a run up very soon, and we want to profit massively from it. So let's position ourselves.

CHARTS, SIGNALS & INDICATORS

Daily chart for Etherum Classic (ETC):

  • The first thing that can be spotted by looking at the daily chart above, is the very long retrace and later even longer accumulation period. You can spot this on the MACD and by looking at the candles on the chart, they've been going sideways for a while.
  • MACD & RSI are both curving up. Moving up slowly creating higher highs and higher lows.
  • We are now trading above the SMA20 (green) line. SMA50 (blue line) will be our first strong resistance to break to move up.
  • We have a confirmed breakout on the 4 hours chart and several other bullish signals.
  • We are ready to buy & hold ETC, in order to sell on target when the time comes...
  • Now, let's move on to the trade instructions.

TRADE INSTRUCTIONS

Buy-in: 0.0019 - 0.0023

Targets:

MID

(1) 0.00244266
(2) 0.00276666
(3) 0.00329666
(4) 0.00366666
(5) 0.00413812
(6) 0.00550666

LONG

(1) 0.00661314
(2) 0.00789155
(3) 0.00952000 (All Time High)
(4) 0.01422273 (New All Time High)

Stop loss: 0.00189

(This is optional. I do not recommend using a stop loss at this moment. If the price of Etherum Classic were to go down suddenly, I would just wait for it to bounce back since the Altcoins market is already preparing for a strong bull run in the coming weeks.)

Trade strategy: Buy, hold while you wait and later sell on target for profits. PATIENCE IS THE KEY!

Message: I Know You Can Do It... I Know You Can

You can do this or that. You can do everything you set your mind to.

You can be the king of this world.

You can be the Master, the Essence, the Money, the Flow...

You can do and be everything that you want.

Just focus on it, think of it, breath it, sleep with it and feel it...

I know you can do it... I know you can!

Namaste.

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