How To Use Price Action To Trade With Ethereum Classic (ETC)

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How to use the price action to exchange with Ethereum Classic (etc.)

Ethereum Classic, also known as etc., is a cryptocurrency created by the community after the original Bitcoin division. While many investors have been attracted to Bitcoin, others caught their attention, etc. Due to its unique characteristics and advantages. A way to trade, etc. The use of price action is done by technical analysis and the following trends. In this article, we will explore how to use the price to exchange with Ethereum Classic.

Understand price action

Price action refers to the price movement of a cryptocurrency over time, influenced by various market factors such as supply and demand, feeling and volume of negotiation. Technical analysts study these models and trends to identify potential negotiation possibilities. In the context of etc, prices can help traders understand market dynamics and make informed decisions.

Key characteristics of etc

Before you immerse ourselves in the use of price of trading prices, etc., it is essential to familiarize yourself with its key characteristics:

* Symbolic name: Ethereum Classic (etc.)

* Block time: 15 minutes

* Transactions Commission: 1.5-2.0 Ether for the transaction

* Block reward: 12.5 etc. To block

* Mining difficulty: Stiep, which requires significant calculation power

Price use for trading

To exchange etc. Using price action, you will have to identify trends, models and support / resistance levels on the market. Here are some strategies you can use:

• Mobile crossover (MacD)

* Follow a MacD line on the graph with a short-term period (12-26 periods).

* Defines an indicator level between 0 and 20.

* When the MacD line crosses the signal line, this is a purchase signal (MacD is above the signal line). Sell ​​when it crosses under the signal line. In this case, if the MacD crosses zero, it is a sales signal.

• Relative resistance index (RSI)

* Follow an RSI line on your graph with a period of 14-21.

* Defines an indicator level between 20 and 80.

* When the RSI line crosses its average of 50 periods, it is a hyper area. Sell ​​when the price touches this level. In this case, if the RSI crosses zero, it is a purchase signal.

• Next trend

* Follow two mobile averages (but) on the graph with different periods of time.

* When more short but longer, longer, indicates a change of trend. Sell ​​when the price touches the lower maa. In this case, if the shorter but the shortest crossing zero, it is a sales signal.

Example of graphic designer:

Here is an example of an example of etc. Use of mobile and RSI averages:

| Date | Price | MacD | Signal line | RSI |

| — | — | — | — | — |

| Monday | $ 60.00 | 0.5 | -1.2 | 30 |

| Sea | $ 65.50 | -0.3 | -1.1 | 40 |

| Married | $ 68.25 | 0.8 | -0.6 | 50 |

Conclusion

Price action is a powerful tool for trading by Ethereum Classic (etc.) Use of technical and trend analyzes following strategies. By identifying trends, models and support / resistance levels on the market, you can make informed decisions on exchanges, etc. Etc. Do not forget to always withdraw any strategy before execution to guarantee precision.

Additional advice:

• Keep in mind that prices are not a guarantee of success. Trading involves risks and it is essential to manage your expectations.

• Always improve arrest orders to limit potential losses.

• Monitor the feeling of the market and regulate your strategy accordingly.

• Stay up to date with news and market developments to stay in advance.

By combining prices’ action with technical analysis and trend by following strategies, it is possible to effectively exchange Ethereum Classic (etc.) and increase the possibilities of success in the cryptocurrency market.