ETC/USD closer to $30 !
Here we have ETC/USD on 4 hours chart
On my last post on ETC/USD ( february 9 ) i said :
-Price breaks down, before retesting, and coming back to the upside. If this set up plays out, I am expecting the up move to the upside horizontal target zone.
As we can see the price break down the 02-11 until $21 .
More specifically, the Ethereum Classic has increased by 12.6% in the past 24 hours. Given Bitcoin's current 3.4% loss in the same period, this gain is pretty interesting to keep an eye on.
To put this into perspective, the Ethereum Classic price went up by 15.6% in USD value, pushing the price to $ 29.63. At the same time, the ETC / BTC ratio rose by 17.72% in favor of the alternative cryptocurrency as well. With such solid gains in both departments, things are looking pretty solid for Ethereum Classic right now.
With 712m in 24-hour trading volume, Ethereum Classic looks rather impressive when looking at the bigger picture. After all, the overall cryptocurrency trading volume has dropped from over 24bn to just 17.2bn in the past 24 hours, which seems to indicate further bearish momentum will materialize in the coming days and weeks. A bearish trend will undoubtedly impact the Ethereum Classic price at some point, thus cashing out the current profits may not be a bad idea altogether.
Watch very closely
Dont forget to follow if you want to be noticed ;)
On my last post on ETC/USD ( february 9 ) i said :
-Price breaks down, before retesting, and coming back to the upside. If this set up plays out, I am expecting the up move to the upside horizontal target zone.
As we can see the price break down the 02-11 until $21 .
More specifically, the Ethereum Classic has increased by 12.6% in the past 24 hours. Given Bitcoin's current 3.4% loss in the same period, this gain is pretty interesting to keep an eye on.
To put this into perspective, the Ethereum Classic price went up by 15.6% in USD value, pushing the price to $ 29.63. At the same time, the ETC / BTC ratio rose by 17.72% in favor of the alternative cryptocurrency as well. With such solid gains in both departments, things are looking pretty solid for Ethereum Classic right now.
With 712m in 24-hour trading volume, Ethereum Classic looks rather impressive when looking at the bigger picture. After all, the overall cryptocurrency trading volume has dropped from over 24bn to just 17.2bn in the past 24 hours, which seems to indicate further bearish momentum will materialize in the coming days and weeks. A bearish trend will undoubtedly impact the Ethereum Classic price at some point, thus cashing out the current profits may not be a bad idea altogether.
Watch very closely
Dont forget to follow if you want to be noticed ;)
Penafian
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