twismo
Long

ETC-USDT - Sleeping Giant and good long term buy

BITTREX:ETCUSDT   Ethereum Classic / Tether
I am looking to build a larger bag of ETC for long term holding. Here is why:

Fundamentals:
- Callisto airdrop due in March. Should lead to folks jumping on ETC prior to drop (see $IGNIS on $NXT) https://cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/
- Strong project with good development team - https://cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/
- Development Tools (Smart Contract) coins should do well in 2018 as the foundations for the token economy are built out

Technical
- ETC is at an All Time Low against ETH. The divergence in price is greater than usual suggesting a correction will come in time
- ETC is at a good price against BTC             and TA looks strong.
- On this chart against USDT (where I am buying)
-- Price is currently on the fib 0.382 (from all time low to all time high) where it may hold
-- If it drops there is a strong support zone at the 0.5 (blue box). This has been strong support in 2018.
-- RSI seems to be turning up around the 50 but price could drop further if it follows the cloud down.

I will be buying between fib 0.5 an 0.382 levels.

"Luck is what happens when preparation meets opportunity"
Not investment advice.

Comments below always welcomed.
I was thinking the same thing; I am trying to build a larger bag of ETC as well. I am thinking even the $30 levels are a good entry, but there is a possibility it can go further down.
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twismo PRO KORcryptoGOD
@KORcryptoGOD, yeah I hadn’t considered the effect of the 30 psychological level. This might act as a Support and prove to be the bottom. Let’s see
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