Unlike most alts, ETC held strong in the past couple of days during BTC crash. For the last few weeks it has been forming symmetric triangle formation, I believe in the following days before the airdrop, it will breakout the triangle and get to the 1.61 fibo level of ~58,xxx sats around 1st of March.
In the best case scenario, in which BTC stabilizes and mainstream exchanges declare support for the airdrop, it will climb to the next fibo level ~86,xxx sats.
Lastly, there will possibly be dump before the airdrop which I expect to happen around 1st of March, there may be considerable amount of profit sells.
None of these are financial advice, just my thoughts, please DYOR.
In the best case scenario, in which BTC stabilizes and mainstream exchanges declare support for the airdrop, it will climb to the next fibo level ~86,xxx sats.
Lastly, there will possibly be dump before the airdrop which I expect to happen around 1st of March, there may be considerable amount of profit sells.
None of these are financial advice, just my thoughts, please DYOR.
Trade active:
Break out achieved.
24H Volume increased to 1.2 B $, standing after only BTC and ETH. Also ~55% of this volume traded only in South Korea. FOMO is about to start or maybe it already started while I am writing this post.
Besides TA, as far as I can see from the Market Capitalizations, ETC can take a position in the list after LTC's 5th standing at the best scenario.
My guess, its market cap will be between 6 B$ and 9 B$ at its top level.
Let's wait for my first target of ~58k sats.
And also let's hope few popular exchanges to support the airdrop.
24H Volume increased to 1.2 B $, standing after only BTC and ETH. Also ~55% of this volume traded only in South Korea. FOMO is about to start or maybe it already started while I am writing this post.
Besides TA, as far as I can see from the Market Capitalizations, ETC can take a position in the list after LTC's 5th standing at the best scenario.
My guess, its market cap will be between 6 B$ and 9 B$ at its top level.
Let's wait for my first target of ~58k sats.
And also let's hope few popular exchanges to support the airdrop.