ETC, could be a gold mine, might fail miserably
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Some major bullish factors for ETC:
1) Mystique hard-fork solving the double-spend issue and strengthening the chain back in February
2) The "fifthening" in 2 days (April 15th), block reward cut by 20%
3) ETH live testing (ghost network) PoS chain right now, target date for complete implementation June, miners likely switch to ETC en masse.
4) on ETC:BTC pair it's well above all daily MA's
5) Using 50D MA as support
Bearish:
1) Held under 200D MA
2) Market barely holding support, with ample bearish sentiment across the board
3) Lots of resistance above between here and $54
If the market pumps ETC could go bigger than we've seen a token go in a while, but anything but a strong bull market and this token has so much resistance above it there's no way it'll break out.
1) Mystique hard-fork solving the double-spend issue and strengthening the chain back in February
2) The "fifthening" in 2 days (April 15th), block reward cut by 20%
3) ETH live testing (ghost network) PoS chain right now, target date for complete implementation June, miners likely switch to ETC en masse.
4) on ETC:BTC pair it's well above all daily MA's
5) Using 50D MA as support
Bearish:
1) Held under 200D MA
2) Market barely holding support, with ample bearish sentiment across the board
3) Lots of resistance above between here and $54
If the market pumps ETC could go bigger than we've seen a token go in a while, but anything but a strong bull market and this token has so much resistance above it there's no way it'll break out.
Nota
Bear flag forming on the daily, pattern weakening, ETC:BTC pairing showing weakening as well. Without a big volume reversal in the next day or two it's looking bleak.Dagangan aktif
Breakout, we'll see if it has any legs....Dagangan aktif
Prepare for what might be one of the biggest crypto pumps of the year. No guarantees, but prepare...Nota
Very low volume. Market could go either way. VERY QUIET
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