How To Assess Trading Strategies For Ethereum Classic (ETC)
Assessing business strategies for Ethereum Classic (etc): Guide
Ethereum Classic, a hard fork of the original blockchain Ethereum, is gaining popularity among investors and traders. Decision to trade with etc. Can be done after a thorough analysis of your business strategies. In this article we will guide you through the process of evaluating business strategies for etc.
Understanding Ethereum Classic (etc)
Before you dive into business strategies, it is essential to understand what he is doing, etc. Unique. Here are a few key points:
Blockchain Technology : ETC operates on the evidence consensus algorithm, which differs from the traditional algorithm of traditional evidence (Pow), which uses Ethereum.
* Intelligent contracts : ETC has its own set of intelligent contracts that control network behavior and allow decentralized applications (DAPP).
* Limited offer : Total delivery etc. It is limited to 21 million, making it relatively rare assets.
Popular business strategies
Here are several popular business strategies for etc::
1. Trend after strategy
This strategy includes the identification of trends in price, etc. And watching their shops. Trend supporters use technical indicators to measure dynamics such as sliding diameters (MA) and relative strength index (RSI).
- Use a 20-period me with 2% sliding average crossors
- Set a stop loss to 10%
- Set a profit to 50%
2. Range trading strategy
Range traders identify the level of support and resistance in the ETC price diagram and trade within these ranges.
- Identify key support and resistance level using indicators such as Bollinger Bands
- Use a 20-periode MA with 2% sliding average diameter to identify trend twists
- Stoping losses to 10%
- Set up profits to 50%
3. The average conversion strategy
This strategy consists in identifying excessive or predetermined conditions in the ETC price scheme and trading based on the assumption that prices will return to their average.
- Use indicators as MacD and RSI to identify excessive/predetermined conditions
- Stoping losses to 10%
- Set up profits to 50%
4. Strategy of scalping
Scalpers use small shops to profit from short -term prices on etc.
- Use indicators such as stochastic oscillator and Bollinger strips to identify excessive or sold conditions
- Stoping losses to 5%
- Set up profits to 10%
5. Swing trading strategy
Swing traders focus on medium -term prices on the etc market.
- Identify support levels and resistance using indicators such as MacD and RSI
- Use a 50-Period MA with 2% sliding average diameter to identify trend twins
- Stoping losses to 10%
- Set up profits to 20%
Important Reflections
Consider the following before performing any business strategy:
* Risk Management : Understand that trading in ETC poses significant risks. A sophisticated strategy with correct risk management measures is essential.
* Market volatility
: ETC market can be highly volatile due to various factors such as regulatory changes, technological progress and economic conditions. Be prepared for fast prices.
* liquidity
: Make sure you have sufficient liquidity in your business account to absorb potential losses.
Conclusion
Business strategies for Ethereum Classic (ETC) require a careful analysis of market dynamics and a sophisticated approach to risk management. By understanding the unique ETC characteristics and the implementation of popular business strategies, investors can increase their chances of success in this developing market.