How to use the price campaign to chat 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 were attracted to Bitcoin, others have addressed their attention, etc. due to their unique properties and advantages. A way to negotiate, etc. The use of pricing consists of technical analyzes and the trend according to strategies. In this article we will examine how prices can use measures to exchange ideas with Ethereum Classic.
Understand price campaign
Price action refers to the price movement of a cryptocurrency over time, which is influenced by various market factors such as supply and demand, feeling and commercial volume. Technical analysts examine these models and trends to identify potential negotiation options. In the context of etc.
Key features of etc
Before you immerse yourself in the use of price campaigns for trade, etc., it is important to familiarize yourself with the most important characteristics:
- Jeton name: Ethereum Classic (etc.)
- Block time: 15 minutes
- Transaction costs: 1.5-2.0 ether through transaction
- Block reward: 12.5 etc. per block
MINING difficulty:
stiff and requires a significant computing power
Use of the price campaign for trade
To negotiate, etc. With the price campaign you need to identify trends, models and support / resistance levels on the market. Here are some strategies that you can use:
- Middle Mobile Crossover (MACD)
* Draw a MACD line on your diagram with a short-term period (12-26 periods).
* Define an indicator mirror between 0 and 20.
* If the MACD line exceeds the signal line, it is a purchase signal (MACD is located above the signal line). Sell when it exceeds the signal line. In this case it is a sales signal if the MACD exceeds zero.
- Relative Force Index (RSI)
* Draw an RSI line on your diagram with a period of 14-21.
* Adjust an indicator level between 20 and 80.
* If the RSI line exceeds its average of 50 periods, it is a performance zone. Sell when the price touches this level. In this case, the RSI is below zero, a purchase signal.
- Next trend
* Draw two mobile average values (MA) in your diagram with different periods.
* If the shorter mas crosses it for a long time, this indicates a trend change. Sell when the price touches the lower MAA. In this case, the shorter MAS is a sales signal below zero.
Example of the table:
Here is an example of a table of etc. using mobile and RSI average values:
| Date | Price | Macd | Signal line | RSI |
| — | — | — | — | — |
| Monday | $ 60.00 | 0.5 | -1.2 | 30 |
| But | $ 65.50 | -0.3 | -1.1 | 40 |
| Sea $ 68.25 | 0.8 | -0.6 | 50 |
Diploma
Price action is a powerful instrument for negotiating Ethereum Classic (etc.) using the technical analysis and the following trend. By identifying trends, models and support / resistance levels on the market, you can make well-founded decisions, etc. Don’t forget to always put on a strategy before execution to ensure precision.
Additional advice:
- Remember that the prices are not a guarantee of success. Trading contains risks and it is important to manage your expectations.
- Always define stop orders to limit potential losses.
- Monitor the feeling of the market and adapt your strategy accordingly.
- Stay up to date with news and market developments to stay in advance.
By combining prices with the technical analysis and the following trend, you can effectively negotiate Ethereum Classic (etc.) and increase your chances of success on the cryptocurrency market.