• Cryptocurrencies: 3833
  • Markets: 22712
  • Market Cap: $269865626545.98
  • 24h Vol: $104069447436.69

Coin Calls: Ethereum Classic

Ethereum Classic on the recent addition to Coinbase pumped by almost 43%.

Whenever a coin pumps to such a high degree, we usually see a pull back.

ETC will be the same case.

As a result, Nouvive have identified an opportunity to long from the prescribed position – nicely shown in the green box that is a mixture of the previous positions ETC has revisited as well as the 0.786 Fib Line.

As can be seen by the chart below, the vast amount of buy and sell volumes are calling for the green box as an entry point. Illustrating that the market will bring the value of ETC to this level.

The RSI Stochastic is suggesting that on the 1D, a dump has to be called for roughly to the 90D Moving Average, which by that period of time, will be in the Green Box. 

Enter buy 50%: $16

Enter buy 50%: $15.5

Take Profit 100%: $21.30

Profit: 27% – Move Stop Losses up whenever in profit

Stop Loss: $14.60

Risk: 6%

Time Line: 4 Weeks


Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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