Ethereum Classic (etc.) Trading Strategies Assessment: Guide
Ethereum Classic, a solid fork of the original Ethereum Blockchain, is gaining popularity among investors and traders. The decision to trade and so on. May be adopted by detailed analysis of its trading strategies. In this article we will help you evaluate trading strategies, etc.
Ethereum Classic (TT) understanding **
Before immersing itself in trading strategies, it is necessary to understand what is doing, etc. Here are some basic points:
* Blockchain technology : ETC operates under the Stock (POS) consensus algorithm, which is different from the traditional work proof (POW) algorithm used by Ethereum.
* Smart Contracts : ETC has its own set of intellectual contracts, which regulates network behavior and allows decentralized programs (DAPPS).
* Limited supply : The total supply of ETC is 21 million, so it is quite a small asset.
Popular Trade Strategies
Here are some popular trading strategies, etc.:
1. Trend this strategy
This strategy involves setting trends, etc. and following them for transactions. Trend observers use technical indicators such as moving averages (MA) and relative strength index (RSI) to assess the impulse.
- Use 20 periods MA with 2% sliding average
- Set the 10% suspension loss
- Set 50% profit profit
2. Trade strategy
Rank traders determine the level of support and resistance in the ETC price diagram and trade through these range.
- Set the basic levels of support and resistance using indicators such as Bollinger bands
- Use 20-i to determine the changes in trends
- Set the suspension loss for 10%
- Set takes profit – 50%
3. Average Return Strategy
This strategy includes setting overcrowded or resold conditions on the ETC price diagram and creating on the basis of the assumption that prices will return to their average.
- Use indicators such as Macd and RSI to set resale/resold terms
- Set the suspension loss for 10%
- Set takes profit – 50%
4. Scale strategy
SCALPERS uses small transactions to make a profit from short -term price changes in the ETC market.
- Use indicators such as stochastic oscillator and Bollinger bands to set resale/resold conditions
- Set 5% suspension loss
- Set takes a profit for 10%
5. Swinging strategy
Swing Traders focus on medium -term price changes and the ETC market.
- Set the main levels of support and resistance using indicators such as Macd and RSI
- To determine the changes in trends
- Set the suspension loss for 10%
- The set takes a profit – 20%
important aspects
Before implementing any trading strategy, consider the following:
* Risk Management
: Understand that trade etc includes high risk. A well -thought -out strategy with proper risk management measures is very important.
* Market volatility : ETC market can be very volatile due to a variety of factors such as regulatory changes, technological progress and economic conditions. Be prepared for a quick price change.
* Liquidity : Make sure you have enough liquidity in your trade account to absorb potential losses.
Conclusion
Trading strategies for Ethereum Classic (ETC) need to be carefully analyzed by market dynamics and well -thought -out approach to risk management. By understanding the unique, etc. features and implementing popular trading strategies, investors can increase their chances of success in this rising market.
