Topic: ETC / ETH - Technical Trading and Analysis - page 2. (Read 2332 times)
Both ETC and ETH are an "avoid". There are still many things to patch and fix before we could invest in them with full confidence. After the hard fork and the emergence of support for the original chain, we do not know what will happen because both chains are now competing with each other. But for me ETH is likely more to be abandoned. No one has confidence in Vitalik and the Ethereum foundation anymore. Once they leave no one is willing to take over a corrupted chain.
ETC is more of a fundamental trade at the moment. Since the hacker will have access to funds on Aug 31, and he might dump everything at once.
ETC chart looks very bad. Rebounds are weak and the price keeps going lower and lower day by day. I predict that we need to see a huge downtrend before we see the bottom for ETC. ETC could go below 0.002.
It is difficult to predict the ETC price. We need to know the intentions of the Ethereum Foundation and some big holders of the ETC. If they dump, the price will be lower.
ETC chart looks very bad. Rebounds are weak and the price keeps going lower and lower day by day. I predict that we need to see a huge downtrend before we see the bottom for ETC. ETC could go below 0.002.
These setups are also currently looking very interesting.
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Posting my trading ideas for purposes of a trading journal. This is just for purely entertainment and I am not an investment adviser and won't be responsible for any loses.
ETH Long Term Trade ( Long )
ETC Trendline Resistance with some Support/Resistance near term
ETC Daily Strong Support/Resistance Levels to watch for
ETH Long Term Trade ( Long )
ETC Trendline Resistance with some Support/Resistance near term
ETC Daily Strong Support/Resistance Levels to watch for
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