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Ethereumclassic

Ethereum Classic has a lot of firepower left| Long term viewIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: As of now, ETCUSD is on a steady rise. It is currently leading the rise among most other Altcoins. ETH had a good rally the past two days and has now cooled off. However, its not so distant cousin ETCUSD, or Ethereum Classic, seems to be going steady at the moment. Market in the last 24hrs ETC can be seen to be entering a consolidation. Such a consolidation is quite expected after such a fantastic rally over the past four days. Today’s Trend analysis We are likely to witness some selloff going forward in the short term. As the buying frenzy subsides, ETCUSD will reach a lower price point than current levels. However, on a longer term horizon, the potential to go much higher above current levels exist. Price volatility remained high at approximately 13.64%, with the day's range between $62.84 — $55.296. Price at the time of publishing: $58.64 ETC's market cap: $6.83 Billion Out of 11 Oscillator indicators, 5 are neutral,1 is bullish, and 5 are bearish . Out of 15 Moving average indicators, 13 are bullish, 1 is bearish and 1 is neutral . Indicator summary is giving a 'BUY' signal on ETCUSD . Volumes have remained high in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
COINBASE:ETCUSDLong
by Mudrex
4
Etherereum Classic Price Prediction:ETC-Major bullish breakoutThe Ethereum Classic price has exploded higher by almost 50% in 24 hours. As a result, ETC's technicals have swung from bearish to positively delightful. Not only has, a double-bottom formed, the 50, 100, and 200-day moving averages have been left for dust. Furthermore, the impulse move higher has cleared the resistance of a strong downtrend. Additionally the Ethereum classic price has regained it long-term uptrend. As long as ETC sustains the $53.40 level, it should easily achieve 45% from here. TP target: $84.00 SL: tight, and below $53.40 on a daly close basis
BINANCE:ETCUSDLong
by ElliottJohn
Ethereum Classic (ETC) - June 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ETCUSD 1W Chart) If the price holds above the 36.305-47.296 range, it is expected to create a new wave. (1D chart) We need to see if we can find support at the 37.180-47.947 area and break out of the downtrend line. If the price is maintained in the 47.947-69.480 range, it is expected to turn into an uptrend. If it moves down from the 37.180 point, you should touch the 25.179 point and watch it move up along the uptrend line. -------------------------------------- (ETCBTC 1W chart) If the price holds above the 0.00097-0.0013736 range, it is expected that the uptrend will continue. (1D chart) We will have to wait and see if we can move above the 0.0012739 point. In particular, we need to see if we can break out of the downtrend line. If the price holds in the range of 0.0012739-0.0016415, it is expected to turn into an uptrend. If it goes down, you should see support at the 0.00097 point. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
KRAKEN:ETCUSD
by readCrypto
Ethereum Classic formed big Gartley for upto 229% bullilsh moveHi friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair. Previously we had a nice trade of ETC with BTC pair: Now the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also an exponential moving average 21 support in the buying zone. Buy and sell targets: Buy between: 0.00131 to 0.0008062 btc Sell between: 0.0017066 to 0.0026588 btc Stop loss: The maximum extent of potential reversal zone 0.0026588 btc can be used as stop loss. Or to minimize the risk we can use the EMA 21 weekly as our stop loss. Possible profit and loss ratio: As per the above targets, this trade has a big profit possibility of 229%, and the high loss possibility is 39% and in case we use the weekly EMA 21 as stop-loss then the loss possibility is up to 16%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
I Say 1000$ ; $30-40 is a very cheap figure.Seeing the future is not everyone's business. Don't say I wish I had bought it in the future, buy it now, add it if it falls. It is not investment advice. Install tp and stop. - - -The risk is twofold. The risk will decrease once the crypto gets validated. When the risk decreases, new riches will emerge. - - - -When the risk becomes too high, the price drop will come. - - - -Time reduces risk. - - - As long as you don't turn cash, you are not considered to have made a profit. Cash is what we can spend with a credit card. like $,€,£ When you spend in the future like bitcoin, ethereum, ethereum classic, you don't need to exchange for dollars. For now Visa and Mastercard are in tracking status. In fact, those who buy bitcoin at $ 65 thousand clearly in the future will not be upset again. The top of Bitcoin is not 65 thousand dollars. There is a high probability that we will see numbers close to 200 thousand as a peak. Here it will wait for a long time and fall. So when it starts to stabilize, bitcoin will drop. There is no such thing as stabilization in high-risk money. Of course, certain revolutions and innovations will be required for it to be 200 thousand dollars. Crypto Marketcap I expect 10-12 Billion$. Interest in Gold-Silver will gradually decrease.
Long
by TraderEtc
1
Fibonacci Channel Etherum¿What is Ethereum? To fully understand Ethereum, what it does and how it can potentially impact the society of which we are a part, it is critical to learn what their core characteristics are and how they differ from standard approaches. In the first instance, Ethereum is a decentralized system, which means that it is not controlled by a single governing entity. The absolute majority of online services, organizations and businesses are based on a centralized system of governance. This approach has been used for hundreds of years, and even though history has consistently shown it to be flawed, its application is still elementary once the pieces don't trust each other. A centralized approach means control of a single entity, however it also means a unique point of failure, which makes the applications and online servers that use this system drastically vulnerable to hacker attacks and even power outages. Additionally, most social media and other online servers require users to provide at least some level of personal information, which is then stored on their servers. From there, it could be easily stolen by our company, its rogue workers, or hackers. Ethereum, being a decentralized system, is fully self-sufficient and is not controlled by anyone at all. It does not have a central point of failure, because it is running on the computers of a huge number of volunteers internationally, which means that it can never be disconnected. In addition, the personal information of the users remains on their own computers, in which the content, such as applications, videos, etc., is kept in full control of its creators without having to obey the rules imposed by hosting services such as the App Store and YouTube. Second, it is critical to understand that even when compared to each other over and over again, Ethereum and Bitcoin are 2 entirely different projects for entirely different purposes. Bitcoin is the first cryptocurrency and money transfer system, built and supported by a distributed public ledger technology called Blockchain. Ethereum took the technology behind Bitcoin and substantially expanded its abilities. It is a complete network, with its own Internet browser, coding language and payment system. The most important thing is that it enables users to produce decentralized applications on the Ethereum Blockchain. These applications have the potential to be either entirely new ideas or decentralized reworkings of existing concepts. This in essence takes away the middle man and all the costs associated with collaborating with a third party. Exemplifying, the exclusive benefit that arises from users "liking" and "sharing" the messages of their favorite musicians on Facebook is created from an ad placed on their page and goes directly to Facebook. In an Ethereum version of such a social network, both artists and the public would receive awards for positive communication and support. Similarly, in a decentralized version of Kickstarter, you will not only receive a device for your contribution to the company, but you will receive a section of the future benefits of the company. In the end, applications based on Ethereum will eliminate all kinds of payments to third parties to fascinate any type of service. In short, Ethereum is a Blockchain-based, open source, public distributed program platform that enables developers to produce and run decentralized applications. As discussed earlier, Ethereum is a decentralized system, which means it uses a peer-to-peer approach. All relationships have a place between the users who participate in it, without the involvement of a control authority. The entire Ethereum system is supported by a universal system of so-called "nodes". The nodes are volunteers who download the entire Ethereum blockchain to their desktops and fully carry out each of the system agreement standards, keeping the network honest and receiving rewards in return. Those rules of agreement, as well as various other points on the network, are dictated by "capable contracts." These were made to automatically make transactions and other specific activities on the network with parts that you do not exactly trust. The terms that the two pieces have to carry out remain pre-programmed in the contract. The completion of these terms triggers a transaction or any other specific action. Many people believe that capable contracts are the future and that, with the era, they will replace all other contractual agreements, because the use of capable contracts provides greater stability than classical contract law, lowers transaction costs associated with recruiting and institutes trust in the middle of the 2 pieces. Furthermore, the system further grants its users the Ethereum Virtual Machine (EVM), which in essence serves as a runtime scope for Ethereum-based capable contracts. It gives users the stability to perform unreliable code while ensuring that programs do not interfere with each other. The EVM is completely isolated from the main Ethereum network, making it a perfect instrument for testing and improving capable contracts. The platform also grants a cryptocurrency token called "Ether." Who designed Ethereum At the end of 2013, Vitalik Buterin explained his initiative in a white paper, which he sent to certain of his friends, who in parallel sent him further afield. As a consequence, some 30 people contacted Vitalik to discuss the term. He was expecting criticism and people pointing out critical errors in the term, yet it never happened. The plan has been publicly announced in the first month of the year 2014, with the central fixtures consisting of Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, Charles Hoskinson, Joe Lubin and Gavin Wood. Buterin also presented Ethereum on the stage of a Bitcoin conference in Miami, and a few months later the accessories made the decision to wholesale Ether, the network's native token, to finance the development. Is it a cryptocurrency? By definition, Ethereum is a program platform that is intended to act as a decentralized internet, as well as a decentralized app store. A system like this requires a currency to pay for the computational resources required to carry out an application or a program. This is where "Ether" comes in. Ether is a digital bearer asset and does not need a third party to process the payment. However, it not only works as a digital currency, but also acts as "fuel" for decentralized applications on the network. If a customer wants to modify something in one of the Ethereum applications, they should pay a transaction fee for the network to process the change. Transaction fees are automatically calculated based on the functionality of the proportion of "gas" that an action needs. The prime fuel ratio is calculated based on elemental computing power and drive time functionality. Ethereum Like Bitcoin? Ethereum and Bitcoin have the possibility of being somewhat similar once it comes to the cryptocurrency aspect, but the truth is that they are 2 entirely different projects with entirely different purposes. While Bitcoin has predetermined itself as a subjectively stable and most successful cryptocurrency to date, Ethereum is a multipurpose platform with its Ether digital currency being only one element of its contract-capable applications. Even once the cryptocurrency aspect is comparable, the two projects appear to be quite different. For example, Bitcoin has a capacity of 21 million Bitcoins that could be spawned, in which the potential supply of Ether could be basically infinite. In addition, the average Bitcoin block subtraction era is 10 min, while Ethereum purpose does not exceed 12 seconds, which means faster confirmations. Another big difference is that today the triumph of Bitcoin mining requires large chunks of computing power and electricity and is only viable if mining is applied on an industrial scale. However, Ethereum's proof-of-work algorithm encourages decentralized mining because of people. Perhaps the most relevant difference between the two projects is that Ethereum's internal code is complete Turing, which means that literally everything could be calculated constantly and once there is enough computing power and time to do it. Bitcoin does not possess this ability. Where a full Touring code gives Ethereum users fundamentally unlimited modes, its difficulty also means likely stability complications. How Ethereum works As previously said, Ethereum is based on the Bitcoin protocol and its Blockchain design, however, it is adjusted so that applications beyond money systems can be supported. The unique similarity of both Blockchains is that they store entire transaction histories of their respective networks, however the Ethereum Blockchain does a lot more than that. In addition to the transaction history, each node of the Ethereum network also requires downloading the most current status, or today's information, of each smart contract on the network, the balance of each client and all the smart contract code and where it is stored. . In essence, the Ethereum Blockchain can be explained as a transaction-based state machine. Once we talk about computing, a state machine is defined as something capable of reading a sequence of inputs and transitioning to a new state based on those inputs. Once the transactions are executed, the machine goes to another state. Each Ethereum state is based on millions of transactions. These transactions are grouped to form "blocks", with all and all blocks chained to their previous blocks. However, the precedent for the transaction to be added to the largest book requires validation, which goes through a process called mining. Mining is a process in which a set of nodes apply their computing power to complete a "proof of work" challenge, which is essentially a mathematical puzzle. The more powerful your computer is, the faster you will be able to solve the puzzle. An answer to this puzzle is itself a proof of work, and ensures the validity of a block. Several miners from all over the planet remain competing with each other in an attempt to produce and validate a block, because each time a miner tests a block, new Ether tokens are created and handed over to the miner spoken. Miners are the backbone of the Ethereum network, because they not only verify and validate transactions and any other operation on the network, but also produce new tokens of the network's currency. Decentralized applications have the potential to completely modify the interaction between organizations and their audiences. Currently there are several services that charge commissions for simply providing a defense service and a platform for users to exchange goods and services. However, the Ethereum Blockchain can allow consumers to trace the principles of the product they remain buying, while utilizing capable contracts can ensure a safe and speedy business for the two pieces without any middle man. Our Blockchain technology has the potential to revolutionize web-based services, as well as industries with long-established contractual practices. For example, an insurance industry in the US has well over $ 7 billion in sloped life insurance money, which has the potential to be fairly and transparently redistributed using Blockchain. In addition, with the use of capable contracts, consumers have the ability to simply submit their insurance claim online and receive an instant automatic payment, taking into account that their claim met all the required criteria. In essence, the Ethereum blockchain is capable of bringing its overriding principles - trust, transparency, stability, and efficiency - to any service, trade, or industry. Ethereum could also be used to generate Decentralized Autonomous Companies ("DAO"), which operate in a completely transparent way and free from any mediation, without a single boss. DAOs are managed by programming code and a collection of capable contracts written on the Blockchain. It was designed to erase the need for one person or set of individuals in complete, centralized control of an organization. DAOs are owned by individuals who purchased tokens. However, the proportion of tokens purchased does not equal activities and ownership. However, tokens are contributions that give the population the right to vote. Advantages of Ethereum The Ethereum platform benefits from each of the characteristics of the Blockchain technology with which it works. It is completely immune to any third party participation, which means that each of the decentralized applications and DAOs deployed on the network do not have the possibility of being controlled by anyone. Any Blockchain network is formed close to an agreement start, which means that all nodes within the system need to be in consensus in each change that is made in it. This rules out fraud, corruption, and makes the network tamper-proof. The entire platform is decentralized, which means there is no single viable point of failure. Consequently, each of the applications will constantly be online and will never be shut down. Furthermore, the decentralized nature and cryptographic stability make the Ethereum network well protected against probable hacker attacks and fraudulent occupations. Desventajas de Ethereum Despite the elaboration that capable contracts remain intended to make the network fail-safe, they only have a chance to be as good as the individuals who write the code for them. There is continually room for human error, and any errors in the code could be exploited. If that happens, there is no direct way to stop a hacker attack or a bug exploit. The only viable way to do this might be to compromise and rewrite some code behind. However, this is entirely in opposition to the very essence of the Blockchain, since it is implied that it is an unchangeable and unchangeable ledger. The DAO, which is the name of a particular DAO launched on April 30, 2016, has come under attack and well over 3.6 million Ehter tokens have been stolen. The attacker exploited a "recursive call bug" in the code, essentially draining the funds from the DAO into a "child DAO", which had the same composition as the DAO. The loss of a significant portion of DAO funding has not been the sole effect of the attack, as it fundamentally undermined user trust throughout the Ethereum network, with the cost of Ether falling from well over $ 20 to less. of 13 dollars. What applications were developed on Ethereum? Ethereum has the potential to open up the planet of decentralized applications even for people without any technical training. If this happens, it can transform into a revolutionary leap for Blockchain technology that will bring it closer to mass adoption. Today, you can easily access the network through its native Mist browser, which provides a simple to use interface, as well as a digital wallet to save and trade with Ether. Most relevant is that users have the ability to draft, govern and carry out capable contracts. Alternatively, the Ethereum network can be entered via a MetaMask expansion for Google Chrome and Firefox. The Ethereum platform has the potential to profoundly affect hundreds of industries that currently depend on centralized control, such as insurance, finance, real estate, and so on. Today, the platform is being used to produce decentralized applications for a wide range of services and industries. Below is a list of several of the most notable. Technical analysis: Historically, ETH in its strong retracements hit 0.786 Fibonacci. Until I break it. Personally, I will start scalar purchases from now on. We are betting that the next bullish rally will be in 2024. And that this fall will be prolonged, but ETH is quite liquid, falling to prices below 0.5 of a psychology zone for prolonged cycles will take time. If we are based on a gann fan, we could take as a possible buying zone the value of 1100 dollars, however, we are in the midst of an economic crisis, so I do not wait if this crisis begins to support those levels. And the Fibonacci fan, would place the price in a range of 900 - 1400 USD. But really although this is very good to find possible support and resistance areas, I plan to use my gold ratio as a base to have my possible entry areas, in scalar purchases. Based on the Fibonacci channel, if the fall is prolonged and this peak of 64k is the end of the cycle and an economic crisis begins, I would expect that ETH at the beginning of halving of BTC would obtain a minimum value greater than 753 USD, representing that price one of my last purchases, to bet on the rise. My Gold ratio, would place as a possible buy zone, more demand in the value of 719 usd. Above the 200-period moving average on the weekly chart. But we must also consider, that it does not necessarily respect this area, Our POC places the value of possible high demand in Volume of 288 USD. I do not personally think we touch this value, but I will also place it as a possible Maximum buy zone. Placing these as possible values. And well in terms of RSI, we still have a high range of decline on the weekly chart, so expect values lower than these in the long term, not daily, not a week, long term. It is entirely possible. Finally using Fibonacci Fan, Historical Data, Fundamental, making scalar growths based on PHI of Ratio Gold, we could expect the following results. The buy zones are in range, being scalar, prioritizing leaving more capital for the price close to the 200-period moving average on the weekly chart, representing that value one of the strongest purchases, but leaving an extra for a possible greater retracement. Being the maximum in the worst case the value of 280 usd. Represented this as a possible second major purchase. Personally I doubt we will touch it, but let's not rule it out. And here are the long-term goals. This being the maximum for from here in the future, doubting much of obtaining higher returns to these in the long term, for simple issues of capitalization in which it is already quite high obtaining those values, so I think that ETH this would be the maximum value . For many years. You already know that these graphs are not designed to visualize the time when these values will be reached, we place that the maximum rate to reach these values would be until 2030, being the most pessimistic. I really believe that ETH has performed well compared to other assets. However, I believe that its long-term development, when the halving begins in 2024, could represent the indication of a possible new upward cycle. In the meantime I review the project and its development so I can decide and have more confidence in the asset to invest.
BITSTAMP:ETHUSDEducation
by UnknownUnicorn18500526
4