ETC is going to DUMP right after/shortly before the Coinbase listing. There is massive speculation on this coin driving the price up, with many day traders all in ETC right now, waiting for the right time to sell. I'm not sure if the dump will happen Tuesday August 7, when Coinbase announces it is accepting inbound transfers of ETC, or Wednesday August 8 -> Thursday August 9, when trading opens on Coinbase Pro. But we can use fibonacci retracement theory and market sentiment to get some idea of where ethereumclassic is heading before the drop.
If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks.
What do you think?
If you want to be conservative, sell at .0028 (the .500 fib retracement), but I believe we will touch .003 (the .618), then dump all the way down to .0019 throughout the next couple weeks.
What do you think?
Trade closed: target reached:
We hit the target, over 12 hours before the Coinbase Pro listing. What happens in the next couple weeks with ETC remains uncertain, there could be a lot of ETC flooding the market after coinbase pro opens for trading, pushing the prices down. On the other hand, media attention is still growing, and the surprise Robinhood add today inspired the early rally.
