ETC has followed a similar pattern in 2017 and 2021 so far, with a double top, a bottom, then a consolidation before a large move. If it plays out the same, we can expect a move up to around $204 after the consolidation
The reason I think Ethereum Classic price goes higher because of Ethereum.
So don't be surprise when ETC goes up as well.
Current Market Cap: $6.8 billion. Price: $52
- January ETC will hit $483
- Retrace Feb and Mar
- Top: July/August: $1300
People will just FOMO in when price goes up so does not matter if it has true value or not.
Just like Dotcom bubble.
$ETC is still below an ascending resistance (in my point of view) current zone is the same with a descending resistance that make it stronger, but a weekly close above it will release the price from this boring trend, first target of uptrend is around $66.77 that can be the target of reverse head and shoulders pattern, then there is a resistance around...
I just want to share my idea what I thinking about of this cryptocurrency. There's an interesting sight to look how Ethereum Classic it's preparing to make a new ATH to mark over $1,000 USD in the next months. This it's just my idea. Look, ETC break out the historical maximum price of $46.85 USD and this cryptocurrency could to repeat this pattern multiply x2 the...
Ethereum Classic broke this week above the 1D MA50 (blue trend-line) for the first time since June 04 but has so far failed to convincingly close above it. However there are a few bullish indicators to keep an eye on as a rally may be in the making.
I have used the Pitchfork to illustrate a few key trend-lines. First I'll start by highlighting the significance of...
- We have a huge parallel ascending channel on the daily chart, which provide us with great support/resistance!
- Bullish volume is much higher, than bearish volume!
- Ascending triangle is also very bullish!
- The price is above 200 daily moving average.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to...
Wait for this to close as a green candle above the green candle then pull trigger.
i am not a financial advisor do not blindy follow my trades. Using the cloud and a previous move from a key algo to track this trade.
$ETC just like $DOGE broke down the long term ascending support line and confirmed it as resistance, and now price is above a weekly support zone, if price hold this support zone and break the ascending resistance we will see more uptrend.
but I think it is possible to reject from resistance another time and going down to $16.
Look for this to come down and recheck the support before it goes up to break the previous High. Also called Re-accumulation. If you look back its repeating this move over and over....sometimes support doesnt hold and it comes back down to the last level of support and starts over. So make sure its following the right path. You can also use the same VWAP I am...
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At the current moment ETC is seated over a 2018 support line ( Horizontal) and moving to a diagonal support line. IF price breaks down this area, price should move between 35-45 for a couple weeks then move up for a 400 % gains.
Ethereum Classic forming a bullish butterfly pattern. This it's an Harmonic Pattern and it's bullish signal. We're in Daily timeframe and also, Ethereum Classic make support in the EMA 200. So, in medium term, Ethereum Classic could to move up toward $60.25 USD next resistance key and $78.28 USD next up 2nd resistance key. The 2nd resistance key it's my target in...