after 27 weeks of decrease in a quiet mode and long accumulation, a possible huge movement after a breakout of the triangle is likely to occur. In this case the ETCUSD price could reach 300% of gain around 220$.
In caso of a contrary break a damping down to 20$ can also happen. Let's wait and take your position. I'm personally LONG.
Hi, thanks to share your idea. Actually ETC does not illustrate 1:1 the right price correlation to ETH.
In May (06.05., 6 month) we have seen an ETH price target of $3370 (now +$1230), while ETC had its ATH at $176(now -$123). ETC price might be >$200 right now, or not? (if a correlation, RSI, Momentum, Volume works properly).
What happened? Right now undervalued or long time consolidation or accumulation (VOL?) or a strong squeezing manipulations? What do you think?
Cheers and good luck for your trades.
nautyblu
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@MyTradeSmart, Hi, good comment! I think that ETC pump could be triggered by a ETH after a small time shift. Decreasing volume and long time accumulation after a triangle often foreshadows a big pump. Notice also a Hammer Doji on the last week, this is quite promising sign of a pump start. thanks for your comment.
In May (06.05., 6 month) we have seen an ETH price target of $3370 (now +$1230), while ETC had its ATH at $176(now -$123).
ETC price might be >$200 right now, or not? (if a correlation, RSI, Momentum, Volume works properly).
What happened?
Right now undervalued or long time consolidation or accumulation (VOL?) or a strong squeezing manipulations?
What do you think?
Cheers and good luck for your trades.