Why is ethereum classic making a comeback

why is ethereum classic making a comeback

When paying for an order, make sure you are not sending funds from a contract wallet. Such funds will not be credited to our account. I will turn k into 8mil with my next trade. Ethereum classic will pay. I believe this will have the highest return out of all of them. 29x return. That Successfully Beat The Bear Market And Now Making A Strong Comeback How 'Bitcoin With Smart Contracts,' Ethereum Classic, Outperformed ETH.

Why is ethereum classic making a comeback

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The wick shows that of the latest candle. Firstly, we can see the MACD, which shows red histograms as the MACD line below the signal line, and there is no sign that the lines will change their direction soon, but the lines are very close to each other, so with a good amount of volume the lines can cross each other. In addition, the RSI is in the neutral zone near 40, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight in the order book.

Lastly, the 20MA is below the 50MA, and both are below the MA, which is a bearish sign, and the 20MA is acting as a resistance that would be hard to break. In the 4-hour time interval, the bulls are making a comeback which means bulls are pushing the price up.

We can see a green candle breaking the resistance of the 20MA, and the price is near the resistance. Firstly, the MACD shows the green histogram as the MACD line crosses the signal line, and this signal is a buy for the traders so that we can expect a bulls volume soon.

In addition to that, the RSI line is in the neutral zone near 55, and the RSI line is pointing sideways, which means the bulls and bears are giving each other a good fight in the order book. Looking at both long term and short term, we can see the bulls were able to break the resistance of the 20MA. The bulls are trying their best to push the price up, so we will see the price break the resistance and make a bullish move if the bulls are able to maintain a good amount of volume, the movement they lose the volume the bears then take control of the price and drive it down.

Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles. Wednesday, December 1, Home Markets Opinion Cryptocurrency. Ethereum Classic. Ethereum Classic gets a major upgrade in July. Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

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Alex Paulson Crypto and Forex professional trader, analyst, contributor. Updated: December 1, These enormous price fluctuations happen because the overall cryptocurrency market capitalization is still relatively small compared to the capitalization of gold or top U. Sometimes, it takes only a couple of hours for the price to take a nosedive and disrupt the existing market structure.

Being involved in crypto requires having nerves of steel or some other durable material and high risk tolerance. Otherwise, the possibility of getting caught up in a panic sale or reckless buying caused by the fear of missing out is very high, and it will most definitely threaten the integrity of your investment portfolio.

Due to the reasons mentioned above, along with such factors as the impact of cybercrime, the ever-toughening regulations, or even state-wide crypto bans, network issues, and hardforks, the price trajectory of certain cryptocurrencies could start moving like a loose cannon on shorter time frames and even fall out of the scope of our price prediction model for a short while.

Risk management is most certainly the best remedy against all unfortunate surprises that the cryptocurrency market might bring upon you. Without it, you will be left at the mercy of volatile price swings that could inflict serious damage to your portfolio and leave you stuck in unfavorable markets for a very long time.

The price change, percentage-wise, over the said period amounted to Those of our readers who trade stocks know that this platform accommodates only the finest time-tested trading instruments. But the realities of cryptocurrency trading differ significantly from that of stock trading, so our developers had to recalibrate it to meet the demands of the volatile market.

The recalibration resulted in CVIX becoming a more versatile indicator in terms that it is capable of gauging the volatility and forecasting the price shifts over many months - the latest updates made CVIX capable of anticipating the market behavior over the next few years, as you already saw in the 5-year price prediction above.

CVIX offers three volatility modes: red, yellow, and green, which showcase different expectations with regard to volatility and the scope of market movement. The red mode, which stretches from 61 to 99 , hints at the extreme volatility; the yellow one 31 to 60 is seen during the period of medium-high and medium volatility; the green mode suggests the lowest volatility 1 to 30 that is seen during flat or ranging markets or on the stablecoin markets.

When CVIX is red , it means that the market could get violently volatile with enormous price swings that could occur to both the upside and the downside. At times when CVIX shows yellow , the volatility remains quite strong but not extreme, which might be deemed as a good period for some swing trading if you catch the market at consolidation and right before the breakout in either direction.

This also might be a good time to increase the size of the crypto portfolio in anticipation of a breakout. They are considered to be a relatively safe bet in both short-and long-term perspectives because of the sheer amount of capital that had been poured into them, which makes them more resilient to flash crashes.

These are the low-risk cryptocurrencies. This is the class of medium-risk cryptocurrencies. But beware that those digital currencies are also the weakest when the prices are falling through the floor. Digital assets with this kind of capitalization belong to the high-risk category. The circulating supply of the cryptocurrency under review is ETC.

Ethereum Classic is Climbing Up Sluggishly.

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