$ETC Chart Analysis

in etc •  7 years ago  (edited)

20180106.jpg
Here is my last TA from my "Crypto Market overview 2018" where i said:

What I do not like about that coin is the missing buy volume caused by whales or a smooth falling curve to indicate an explosion or an uptrend.

Long term you could say, that we are low enough to risk and buy some ETC, but what really bothers me is all the competition (ADA, NEO, ETH) on the market. Whereas ETH and long term holding is not that safe either.
Because of all these reasons I do not recommend investing in ETC.

20180117.jpg

Here we have new Chart (17.01.2018)
We break Uptrend resistence and now after big BTC Crash retest it as Support.
As i said in my last TA i dont think that ETC have much future again all other coins so i wouldnt invest here for Long term. Short-Mid Term and only becouse of low Price on TA it can bring us some Profit. I still missing some high Buy Volume or a nice bottom accumulation Phase.

I dont hold any ETC.

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
ADACardano0.606$7.42%-21.34%
BTCBitcoin10945.900$-1.24%-25.24%
ETCEthereum Classic27.846$-2.22%-26.15%
ETHEthereum985.952$-1.64%-24.63%
NEONEO139.127$6.87%13.22%