Ethereum Classic (ETC) chart is looking really promising lately. After a big rally on mid-May that reached a new all time high, ETC has been suffering for a long consolidation that it seems to end up soon. The chart is showing a strong support level at 11 euros and a descending triangle pattern that is getting tight, this means that we will see a pump soon on this chart. Some reasons to invest on Ethereum Classic are that it is an unfinished project like it was Ethereum one year ago, it has held the price well despite negative news and Metropolis update on Ethereum is about to happen at the end of September.
Today’s trade recommendation is to get some position on Ethereum Classic (ETC) near 11 euros while the price is low and take some profits near 16 euros or aim to a new all time high.
IMPORTANT: Never invest money you can’t afford to lose. Always do your own research and due diligence before placing a trade.
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