Should You Buy Ethereum Classic (ETC) Sunday?
InvestorsObserver gives Ethereum Classic an average long-term technical score of 50 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
ETC at this time has a superior long-term technical analysis score than 50% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
ETC is currently -$11.4600000 (-23.43%) below its 100-day moving average price of $48.890000000 with its current price of $37.430000000. Meanwhile, Ethereum Classic is $31.9300000 (480.51%) above its 52-week low price of $5.500000000 and -$138.72000000 (15.57%) below its 52-week high of $176.160000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 50. Trends for the long-term trading history of Ethereum Classic suggest that traders are currently neutral on the coin.
Ethereum Classic has a total market value of $4,937,028,691.64 with an high average daily volume of $2,693,735,015.66 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ETC’s volume is below its average with $357,457,778.64 exchanged in total.
Summary
ETC’s historical trading over the past year gives it a an average long-term technical score of 50 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Ethereum Classic (ETC).
