ETCUSD 8/1/2021
Updated
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Elliot Wave
I have been buying this coin in a price range of $ 35.00 to $ 43.00. Seems like, my previous TA works well. Ethereum (ETH) is in a proof of stake this year. I think ETH miners will be mining Ethereum Classic (ETC). Since, they have the same mining algorithm. If you see the global hash rate chart of ETC, there is a sudden surge of hash rate. I think, some ETH miners are now slowly transferring to ETC. I know also that ETH hash rate is currently recovering as of the moment. As of the moment, It’s still more profitable to mine ETH than ETC. ASIC & GPU Manufacturers releases their new product to supply the big demand for Crypto Mining. Bitmain releases Antminer E9. Innosilicon release ASIC miner too. On GPU manufacturers, there is a rumor that Nvidia may release 4000 series in 2021 while AMD releases 7000 xt series. That’s my bullish argument to support ETC’s price action in this Elliot Wave. Not a financial advice.
Weekly
Daily
4HR
1HR
_________
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_________
Technical Analysis
Elliot Wave
I have been buying this coin in a price range of $ 35.00 to $ 43.00. Seems like, my previous TA works well. Ethereum (ETH) is in a proof of stake this year. I think ETH miners will be mining Ethereum Classic (ETC). Since, they have the same mining algorithm. If you see the global hash rate chart of ETC, there is a sudden surge of hash rate. I think, some ETH miners are now slowly transferring to ETC. I know also that ETH hash rate is currently recovering as of the moment. As of the moment, It’s still more profitable to mine ETH than ETC. ASIC & GPU Manufacturers releases their new product to supply the big demand for Crypto Mining. Bitmain releases Antminer E9. Innosilicon release ASIC miner too. On GPU manufacturers, there is a rumor that Nvidia may release 4000 series in 2021 while AMD releases 7000 xt series. That’s my bullish argument to support ETC’s price action in this Elliot Wave. Not a financial advice.
Weekly
Daily
4HR
1HR
_________
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
10 TAs – I made today, August 1, 2021.ONEUSDT
AXSUSDT
BCHUSD
LINKUSDT
BTCUSD
ADAUSDT
ETHUSD
ETCUSD
ICPUSDT
COMPUSDT
Note
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