Before you is the global graph of the ETCUSDT trading pair After the rapid growth of the ETC price in 2021 by +3700%, since May 2021 the price has been in a downtrend for more than a year. The correction of the ETCUSD price from the maximum value of $179 was -93%
It seems that during June-July 2022 the bottom and the completion of the correction and after a powerful shot of the ETCUSDT price upwards by 111% was formed It is very likely that the banal, ETCUSDT price flew up so rapidly following the price of its expensive fork - ETH (this project is over saturated with promising news in the future) By the way, here our a global idea for ETHUSDT, which works well.
So, after such a rapid growth, a price correction is needed. Buy zone where the ETC price can roll back - $18.40-21.40 That is, strong cryptocurrency market = weak correction = $21.40 Again, negative in the cryptocurrency market = deep correction = $18.40 or even lower.
The target from above for the next strong wave of growth is in the area of $44 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
I hope you're right! That being said, it seems rather unlikely for a few reasons. ETC is greatly correlated to ETH and due to the current market conditions I can't see ETC (or Eth for that matter) going on such a run. ETC is also a Dino coin, the token is dead and essentially nothing new could potentially come out to create such run. Add that to the fact that much of ETC circulating supply is owned by large entities, I tend to believe the odds of the opposite happening to be much greater than your Idea. That being said, I'll be the first to congratulate you if it does!
P_S_trade
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@dubosson, thanks for your comment and will see soon how it will work