- In this article, we will analyze the coin and how it performed in September. Through technical indicators, we will gather some info about the ETC coin.
- The shift in Ethereum’s network surged in the hash rate of Ethereum Classic in September.
- Let us predict the price of ETC in October and how it will perform.
ETC was doing good in September. The RSI is above 30 which means the coin is showing a bullish sign.
If the indicator crosses the 30 value, it is said that the coin is oversold. If it crosses 70 value, it is said that it is overbought or overvalued. Since May 2021, the coin is falling drastically and that’s not good.
Daily Simple Moving Average(SMA)
| Value | Action (Buy or Sell) | Period |
| $ 16.41 | Buy | SMA 3 |
| $ 16.18 | Buy | SMA 5 |
| $ 15.69 | Buy | SMA 10 |
| $ 15.55 | Buy | SMA 21 |
| $ 15.66 | Buy | SMA 50 |
| $ 17.16 | Sell | SMA 100 |
| $ 18.06 | Sell | SMA 200 |
Daily Exponential Moving Average(EMA)
| Value | Action (Buy or Sell) | Period |
| $ 16.19 | Buy | EMA 3 |
| $ 16.27 | Buy | EMA 5 |
| $ 15.97 | Buy | EMA 10 |
| $ 15.71 | Buy | EMA 21 |
| $ 15.94 | Buy | EMA 50 |
| $ 16.65 | Sell | EMA 100 |
| $ 17.92 | Sell | EMA 200 |
ETCUSD: TECHNICAL ANALYSIS
In September, the coin showed some bullish signs. As the candlestick is green. It shows us that the coin made some corrections or recovery in that month.
The growth rate was not very high, but it made some good growth in that particular month. At the start of October, the coin is showing a green candle and that means the coin will continue its bull run.
Price Prediction for Tomorrow and Next Week
| Price | Change | Date |
| $ 16.49 | 0.0% | Oct 3 |
| $ 17.20 | 4.35% | Oct 4 |
| $ 17.45 | 5.82% | Oct 5 |
| $ 16.95 | 2.83% | Oct 6 |
| $ 17.69 | 7.33% | Oct 7 |
| $ 18.55 | 12.54% | Oct 8 |
| $ 18.42 | 11.75% | Oct 9 |
Unfortunately, Ethereum coin in today’s time frame is down by 2.04%. In one week, it was going up by 8%, which is good for the recovery. In September, the coin was up by 6%.
The market sentiments are neutral, no bear or bull were overpowered. The F&I index is used by traders in such a way that, if the market is negative, it is a good opportunity to buy. If the market is positive, the selling opportunity becomes good.
Live chart
Conclusion
In September, the coin performed well. The coin was moving down only but in that month it gave some good indication of recovery. According to some reports, the coin in the next 6 months might rise by 120% which is quite impressive. Investors should watch this coin in October to see how it is performing then. They should think about whether to invest or not. It is compulsory to focus on both the fundamentals and technicalities of the coin.
Levels
Support level- $15.00
Resistance level- $18.00
Disclaimer
This is a general article that does not provide any financial or investment information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.