ETC/USDT Secondary trend. Channel. Accumulation and distribution

May 22, 2022

Secondary trend. Timeframe 3 days. Which formed a downward reset channel with a significant 108% move after a huge +2000% to 3000% pump. This is what happens when a coin is "forgotten about by all," not advertised in the news, and accumulated for such a long 2.2 years.

The real ether. The “green” parent of the expensive “black” ethereum.
Coinmarket Coin: Ethereum Classic

At the moment the price is approaching the uptrend of the main trend (long-term). Dynamic support (green) of the large channel.

The medium-term reversal zones of the secondary trend are shown on the chart and circled in yellow, on which (breakthrough / not breakthrough) depends on the further development of the trend.

The graph shows the accumulation and distribution zones. Zones of smart and stupid.

Position resets.
"Waves of interest" with price retention is expensive
1—distribution zone. Formation of a 6.5-month triangle). -61% from the reversal level of the triangle breakout.

2—zone after the triangle breakout. Formation of the descending channel.

The whole drop is 10.8 months (327 days).

The price is now at the “Hamster Pump” peak zone (buying back liquidity “expensive” from those who didn't want to sell cheap) $17.22 - $20 before a huge pumping +2244% of the average set price.


Accumulation in the horizontal channel, 2.2 years.

The channel is 100% $3.78 to $7.35. Average liquidity set price of $6.
Maxima—$13.18 (redemption of coin volume “expensive” for subsequent failure under market dump).
Minimums—$3.1 (market dump 13 03 2020).



Expensive and cheap ether. Mining.
Ethereum is moving to version 2.0. There will be a transition from proof-of-work to proof-of-ownership, and mining on video cards will cease to be profitable. This will happen in the second half of 2022, perhaps even this summer.

This very unpopular and painful decision (inevitable) has been dragging on for 3 years now. It is very likely that this year will be the end of this problem. It's not hard to guess which cryptocurrency the miners who mine ETH now will most likely switch to. Consequently, it can very positively influence ETC price.

For those who don't know, let me remind you. ETC is the true ether. ETH is a fork. Forced fork, to get back stolen ETCs during attack on DAO (just to roll back transactions of “hackers” wallets).

That's how 2 Ethers came into existence. ETC (limited quantity of coins) and ETH (unlimited quantity of coins). Of course, they began to promote and develop centralized fork, that is ETH.

The whole story about birth of ETH with ETC and the story (real imitation) with hackers attack on DAO and stealing of ETC coins was made just for “birth” of more centralized crypto-mint for testing technology, especially smart contracts on it.

Under the idea fixed my previous trading ideas for this coin, including closed (pre-pump recruitment zone).

Jun 16, 2022

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The local target zone for shorts -22.22% has been reached at 17.22 - 13.5. The values are not random. Important levels and zones are shown on the chart. Also remember about the general trend of the market and the rationality of a particular movement on a particular cryptocurrency.

Jun 21, 2022

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The local resistance level of $17 has now reached +27% If the price breaks through this zone, it fixes - the maximum local potential is the resistance of the downstream channel (secondary trend). Percentage previously showed. Let me remind you again, be vigilant in the market.

Jul 17, 2022

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Steady price growth from the level of 13.5 (zone of dynamic support for the uptrend). The price has confidently broken through the 17.22 zone (previous local highs). The maximum target zone is the resistance of the descending channel (secondary downtrend).

Jul 18, 2022

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+72% the price has reached the local resistance level of the $22 zone. There is a significant volume. A local pullback and volatility in this zone is possible.

Jul 29, 2022

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Over +160%. The price is in the secondary trend resistance zone. Below $44

Sep 6, 2022

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The price has reached the level of 44, from which it rolls back and consolidates above the resistance of the previous downward channel, thus forming a local downward channel from 30%. The price is now at its resistance. There is a PR on the Internet about the maximum network hashrate for obvious reasons.

In the near future, the change of the ETH mining algorithm 6 09 - 10 09 to 20 09 will pass. Most miners will most likely switch to ETC mining. You probably understand that the moment of ETH transition can be used to pump/dump ETC

positive scenario.
As we can see, the canvas of the "rising flag" is being formed, in cases of its breakthrough upwards. The flagpole is the height of the first pampas. Work with more local goals if this scenario is realized (remember, this is not done by the abstraction of the market, but by people colluding from a position of rationality per unit of time, hamsters are used as fuel). Remember that the price is now in the area of ​​profit from the purchase of "smart money" more than +200%.

negative scenario.
From this zone of local partial fixation, there is a downward movement back into the zone of the large channel (breakout of level 28) to the uptrend of the main trend (green). Thus, having formed a "double bottom" and the potential in cases of an upward correction of the "inverted head and shoulders" formation

Sep 6, 2022

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Jan 4, 2023

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Jan 4, 2023

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