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Apr 4, 2024 9:35 AM

ETCUSD new rally starting towards $50.Β Long

Ethereum ClassicCRYPTO

Description

β‹…
Ethereum Classic (ETCUSD) has started to rise again, so far being on the 2nd straight green 1D candle, without breaking the key 1D MA100 (green trend-line), which has been supporting since essentially the October 23 2023 break-out.

As long as this holds and ETC keeps closing the 1D candles above the 1D MA100, we expect a new cyclical rally to start within the Fibonacci Channel Up. The last one was +83.17% from its Higher Low, so a repeat would give us $49.00 by May.


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