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Ethereum Classic (ETC) Poised For A Rally Past $5 As Price Holds 50 Day MA

Ethereum Classic (ETC) has once again demonstrated a lot of strength as the price has held strongly above the 50 day moving average. In fact, as the daily chart for ETC/USD shows, we have seen a rally to the upside the past 48 hours. This rally is likely to continue towards the top of the symmetrical triangle in the days ahead. Like most other cryptocurrencies, Ethereum Classic (ETC) has also neared overbought territory on the weekly time frame and the price will soon have to come crashing hard after a short term rally to the upside. The next decline in...

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Could Ethereum Classic (ETC) Fall To $1 During The Next Corrective Wave?

Ethereum Classic (ETC) is a promising blockchain with a lot of potential. In fact, technology wise it is not much different than Ethereum (ETH) and it has a fixed supply like Bitcoin (BTC). The price is currently trading slightly above the 61.8% Fibonacci extension level, but if it slides below it like we expect it to during the upcoming correction, the end result of such a decline would be ETC/USD at $1! To think that we can buy a cryptocurrency like Ethereum Classic (ETC) for one dollar goes on to show how far this bear trend has gone. When it...

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Thailand’s SEC Gives Thumbs Up to XRP, ETC, XLM & More for ICO Trading

The Securities and Exchange Commission in Thailand has recently added to its list of cryptocurrencies that have been given the green light for use in Initial Coin Offerings and as base trading pairs. In the official statement by the SEC, it announced the additions to the list which includes, Ethereum Classic, Litecoin, Bitcoin, Ethereum, Ripple, Bitcoin Cash and Stellar. These digital assets can be used in compliance with the nations legal regulations. The Commission made it clear that it doesn’t see any of the above as legal tender which it highlighted in the statement. This decision comes in accordance with...

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Ethereum Classic (ETC) At Risk Of Significant Further Downside

Ethereum Classic (ETC) is a brilliant cryptocurrency with very bright future prospects. However, short term the price might be due for significant further downside. The bearish pennant seen on the daily chart for ETC/USD shows that we might see the price drop to as low as $1 before a trend reversal can begin. A lot of people might want to accumulate Ethereum Classic (ETC) at $1 but I assure you only the select few a.k.a the whales might be able to pull this off and the price will be close to where it fell from without their buy orders being...

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Ethereum Classic (ETC) May Decline Further But Future Prospects Are Bright

Ethereum Classic (ETC) is handing by a thread as price trades lightly above the 50 day moving average. This is the only thing between ETC/USD holding its ground and crashing hard to a new low in 2019. So long as Bitcoin (BTC) continues to stall a move to the downside, Ethereum Classic (ETC) is expected to do the same. In fact, if we see consolidation in the next few days, the price might actually take off towards $5 once again but any move to the upside will most likely be short lived and will be followed by a more aggressive...

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