As originally posted on Today's Dollar.
Disclaimer: This article is for information purposes only and should not be construed as investment advice in anyway. Never invest what you are not prepared to lose. The author is long on Ethereum.
A short week with only two picks that both proved themselves. Decentraland had been a recent previous choice, and Ethereum Classic showed up for the first time. Both options had a good few days and provided a return well beyond our reduced targeted goals.
Record to Date: 10/13 (76.92%)
Decentraland MANA/ETH (BUY) PROFITABLE
Start: 0.00019696 ETH
Target Price: 0.00020286 ETH (+3%)
Period High: 0.00022222 ETH (+13%)
This continued push in MANA's price is almost certainly caused by the continued excitement surround Barunson Cos addition to the team. The recent moves have also cause fast moving moving averages to cross slower moving ones, which is of course our preferred signal.
Ethereum Classic - ETC/ETH (Speculative BUY) PROFITABLE
Start Price: 0.02962074 ETH
Target Price: 0.03050936 ETH (+3%)
Period High: 0.04200000 ETH (+42%)
The Ethereum Classic offering had a massive surge in price on June 21, most likely caused by a lack of liquidity at the time of a sizeable bulk purchase. However, even ifw we disregard the one spike, ,the offering was still consistently above our target price this week based on the longer term 14x21 moving average signal. This is a promising signal for a long term play.
Be sure to check back soon for our next outlook article!