ETC (Ethereum Classic) - Another Sleeping Giant Waking Up?
This one is a tougher call and I'm going to wait for ETC to break that downward trend before I consider going in. Reason being, there doesn't seem to be the development or interest in this coin at the moment. Ethereum is releasing a major upgrade soon and ICO's are coming out so often I can't keep up. I'm pretty diligent about looking around, and maybe I've missed something, but I don't see any major news or points of interest here. That being said, ETC is on the floor and has made a small bounce, similar to Ripple. Worth keeping an eye on here, but while I was willing to gamble on Ripple, I'm much more cautious with ETC.
From a pure TA standpoint, there is reason to pay attention and for the risk takers, reason to think about jumping in soon. RSI and STOCH are trending upwards from oversold territory. A nice support has been established and just looking at the history of ETC, when it moves, it moves BIG. Those movements tended to be news based though, or being added to Chinese exchanges, but still...
Keeping a close watch. This one has been falling for ages and if it drops to the next level down, I would certainly wonder about it's overall future from an investments standpoint.
Let's see
From a pure TA standpoint, there is reason to pay attention and for the risk takers, reason to think about jumping in soon. RSI and STOCH are trending upwards from oversold territory. A nice support has been established and just looking at the history of ETC, when it moves, it moves BIG. Those movements tended to be news based though, or being added to Chinese exchanges, but still...
Keeping a close watch. This one has been falling for ages and if it drops to the next level down, I would certainly wonder about it's overall future from an investments standpoint.
Let's see
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So ETC decided to just poke out of that downtrend on some of the shorter term charts, so I picked up a little. Waiting for a close above the downtrend before i buy more.