Evaluation of Ethereum Classic (etc.) Trading Strategies: Guide
Ethereum Classic, the hard villa of the original Ethereum Blockchain, is becoming increasingly popular with investors and merchants. A etc. A commercial decision can be made after a thorough analysis of trading strategies. In this article we will pass you through the etc. On the process of evaluating commercial strategies
Understand the Ethereum Classic (etc.)
Before you get into trading strategies, it is essential to understand what makes the ETC unique. Here are some key points:
* Blockchain Technology : etc. The stake certificate (POS) operates on a consensus algorithm, which differs from the traditional work (pow) algorithm used by Ethereum.
* Intelligent contracts : etc. There are own intelligent contracts that regulate network behavior and allow decentralized applications (Dapps).
* Limited care : full supply etc. It is limited to 21 million, making it relatively few tools.
Popular trading strategies
Here are some popular trading strategies, etc.
1. Trend following strategy
This strategy includes etc. Identification of price trends and following them. The trend followers use technical indicators such as moving averages (today) and the relative strength index (RSI) to assess momentum.
- Use 20 periods MA with 2% moving average crossing
- Set the stop loss to 10%
- Set profit to 50%
2. Province -Trade Strategy
Provincial dealers identify support and resistance levels in the ETC price diagram and trade in these provinces.
- Identify key support and resistance levels with indicators such as Bollinger Bars
- Use a 20 period MA that has an average intersection of 2% moving to identify trend reversal
- Set the stop losses at 10%
- The set profit with 50%
3. Average reversal strategy
This strategy includes the identification of over -purchased or excessive conditions in the ETC price diagram and is based on the assumption that prices return to average.
- Use indicators such as MACD and RSI
- Set the stop losses at 10%
- The set profit with 50%
4. Scalping Strategy
Scalpers uses small transactions to profit from the short -term price movements in the ETC market.
- Use indicators such as stochastic oscillator and bollinger bands to identify over -purchased/excessive conditions
- Set the stop loss at 5%
- Set the profit with 10%
5. Swing Trading Strategy
Swing dealers focus on medium-term price movements in the ETC market.
- Identify key support and resistance levels with indicators such as MACD and RSI
- Use a 50 period MA with an average crossing of 2% moving to identify trend reversal
- Set the stop losses at 10%
- The set profit with 20%
Important aspects
Before implementing any trading strategy, consider the following:
* Risk Management : Find out that, etc. Trading has significant risks. It is essential for a well -thought -out strategy that is essential with appropriate risk management measures.
* Market volatility : The ETC market can be extremely shaky due to various factors, such as regulatory changes, technological development and economic conditions. Be prepared for fast price movements.
* Liquidity : Make sure your trading account has sufficient liquidity to absorb potential losses.
Conclusion
Ethereum Classic (ETC) trading strategies require a thorough analysis of market dynamics and a well -thought -out approach to risk management. By understanding the unique features of the ETC and implementing popular trading strategies, investors can increase the chances of their success in this emerging market.