Hi Guys! As Bitcoin price drops down there are many alts that actually grow. One of them is Ethereum Classic. We all now Coinbase is going to support ETC starting from 7th of August 2018. After around two weeks when enough liquidation will be obtain they start active trading. Will we repeat the success of LTC from last year when Coinbase started supporting trading of LTC? We think yes!
Anyway we are after correction on ETC. We had a descent bounce off from 0.0019 level. We already crossed EMA100 on daily chart as well as TenkanSen from Ichimoku Cloud. So this trade should be safe so far according to mentioned indicators and current place on the chart.
We also observe MACD bull’s cross and evaporating supply on Weis Volume indicator. The only thing we need is more volume. Once we will be bombarded by good news related to Coinbase and ETC, the rally should start.
Look at the ETC and LTC comparison. The both were really low before the rally. Once EMA100 on daily chart was crossed, supported by the good information the substantial growth was observed.
What do you think guys? Are you fully loaded? Are you counting for such scenario as with LTC in 2017?
Once again thank you for being here. Thank you for all likes, comments. You are really great community.
HUGE Hugs!
WBM Team
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Guys although we dropped down it seems to be correction only. ETC followed BTC this time. Once BTC stablizes ETC should go up. BTC will touch $5800 - $6000. That will be minimum. Be prepared to bounce up.