Ethereum Classic Market Report: ETC/BTC Down -7.34% on the Month

Brief:


Ethereum Classic is up 1.45% on the day, up 3.85% on the week and down -7.34% on the month on a last price of 0.00206612. ETC/BTC is trading between a 24hr high of 0.00211159 and a 24hr low of 0.00196002 on a 24hr volume of 1556 BTC or 757568 ETC. The weekly trend is mixed.

Last price

0.00206612 ETC/BTC

$USD

last price $ 01.24
one week ago $ 01.19
percentage 4.20%

Volume

Volume

The 24 hour volume on Poloniex is 1556.34571424 BTC or 757568.12446629 ETC.

Remarks

The predominant Featured Chart aspect for ETC/BTC during September were the price troughs. Ethereum Classic spent most of the month on a persistent downtrend with some exceptions. The exceptions were downtrend corrections seen four or five times. We saw bottoming prices on September 4, 09, 14, 22 and 27 – with the latest dip down to 0.00189400. This wasn’t far from the monthly low of 0.00185.

Two week chart
chart-etc-btc-2weeks-2016-09-28

The two week chart looks a bit better – but not much – with the overall trend still down. There was no chance to short as Poloniex didn’t offer margin trading on this digital asset – and if it did we could have seen even lower prices.

There were several opportunities to make significant long gains and these were September’s redeeming features for this digital asset.

The 0.00206 price saw considerable support and resistance form around it during the month. This didn’t stop Ethereum Classic from sinking where we currently find it.

Volume has been off lately but still in the top five of BTC based digital assets on Poloniex.

Overall it was a disappointing September 2016 for Ethereum Classic but with some redeeming features.

Price change

Price change is the percentage change within the period:

period change
day 1.45%
week 3.85%
month -7.34%

Chart

Tap or click chart to enlarge:

chart-etc-btc-2016-09-28

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 104,631,025 84379859 $ 01.24

Daily High Low

daily high 0.00211159
daily low 0.00196002

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00196002
week 0.00188510
biweekly 0.00188510
month 0.00185000

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00211159
week 0.00226966
biweekly 0.00226966
month 0.00260997

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00015157
week 0.00007666
month -0.00016368

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ethereum Classic is up 1.45% on the day, up 3.85% on the week and down -7.34% on the month. The weekly trend is mixed. ETC/BTC saw weekly support at 0.00188510 and weekly resistance at 0.00226966. Market sentiment is bearish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday September 29 2016 23:33 hours UTC. Contact KittyBitcoin to request custom reports.

Thanks for reading! 🙂

Tags

Ethereum Classic, ETC/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

Leave a Reply