Ethereum Classic short term update

enky (32)in #ethereum • 8 years ago (edited)

Ethereum Classic is not a new crypto but a split from an existing cryptocurrency, Ethereum. Both blockchains are identical in every way up until block 1920000 where the hard-fork to refund The DAO token holders was implemented. After the hard-fork, the blockchains were split in two and act individually.

Ethereum Classic still offers the same features as Ethereum, such as the creation and deployment of smart contract and Decentralized applications, and has all the same specifications but it mantains the immutability of the blockchain.

In this chart, hourly chart, you can see that it moves very naturally and it's easy to trade with the proper tools.
For the timing we have the Walter Bressert DSS oscillator, for the price a special price regression indicator developed by me in the last years. Best trading opportunities arise when the price move at or above the upper or lower bands and when the oscillator is oversold or overbought.
At the moment the price is neutral around the mid-channel, underlying tendency is flat, i think that ethereum classic might drop a bit down to 1.9-2.0 usd where, if the oscillator confirms, it might be opened a long position.