The fall in the ETHEREUM Classic price is happening on lower volumes.
A modest update of the lows and something like a downward wedge is formed within the correction. Usually such a pattern later acts as a continuation of the growth trend.
We think that in the area of $26-28 it is logical to try to take the longs of the ETCUSDT. Sooner or later the ETC price...
The yellow horizontal on this analysis provides a great support for this preemptive breakout structure
Price has extended itself to the top of the descending megaphone
From here a breakout of this megaphone and in turn the flag like structure continues the breakout on a timeframe such as the Weekly.
This is the daily timeframe.
I think after some consolidation at this no man's land we will come down to the last 12H BULLISH OB, wich is in confluence with the Golden POCKET. In this zone i would like to see some fakeout type move from this actual channel into the previous mini range POC, and from there a big reaction to the up move, and I think, if this SCENARIO is correct, then my target...
Firstly, we congratulate all Ethereum fans on the successful activation of The Merge and the transition from POW to POS
The last hours were very tense and accompanied by increased volatility
If the ETHUSDT price reacted with moderate growth
Then the ETCUSDT price look like is preparing for rapid growth.
In order to confirm the serious intentions of miners...
✅ETCUSD is moving around the support level. Several lows have already been formed at this level, after which the price bounced up. I expect a rebound and growth.✅
🚀 BUY scenario: long to 30.88.🚀
Remember, there is no place for luck in trading - only strategy!
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I went back to when Ethereum Classic originally forked from Ethereum back in the day and wanted to see what the price action was like then to see if I could compare it to the new fork ETHW. What do you know the fractal looks eerily similar just on different time frames. Might be a good potential long here on ETHW. This is not trading or financial advice this is...
Ethereum Classic (ETCUSD) has been trading within a Channel Down on the medium-term, since the July 29 High. This has come after an enormous and very quick +250% rise on fundamentals, since the July 13 Low. The overall trend since the May 2021 market high has been bearish inside a Channel Down pattern.
You can argue that the July 29 High and the Lower Highs that...
Earlier, the growth dynamics of ETC caused the price to soar more than 200%, which in turn formed a powerful upward momentum.
At the moment the price continues to correct within the supposed local wave 4.
I am closely watching the price and will be included in the trade, if further growth is confirmed.
I believe institutions are using Crypto for the purpose of leveraging their positions on meme stocks.. like AMC. Ethereum Classic, is one that has been extremely correlated with AMC's price action lately. As you can see here, ETC started leading the way in February of 2021, and shortly after it dropped, AMC began creating the same patterns. They were traded...
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Ethereum Classic (ETC):-one of the most notable movers on Monday, as the token fell by over 12% to start the week.
Following a high of $33.41 during the weekend,...