Till the bottom is less than -3%, and potential gain is more than +160%.
Remember, this is monthly chart. That means it will take months to see everything in action.
There will be small ups and downs in the way.
This kind of entry point doesn't come so often.
Let's see how it goes after 6 months or so.
ETC tends to go crazy when ETH bull run happens, and ETH bull run may or may not happen soon. (With fake news about ETH ETF or something like that)
I think there's a lot of liquidity out there waiting (cashed out selling BTC from 48,000 point) to buy ETH.
ETC can pump much steeper than ETH as less people are paying attention here.
Let's watch what happens
As Ethereum moves to proof of stake, the proof of work infrastructure won't just disappear.
Many will move to Ethereum Classic, as it is the original Ethereum protocol without developer interference and chain rollbacks.
All it takes is for one popular TikTok trend to start saying that you can buy Ethereum at sub $100, $200 or whatever the price is, and people...
Having a look at the ETCETH chart you can see Ethereum Classic broke up bullishly from a months long downtrend, created an inverse head and shoulders, and has just passed the neckline.
It also broke above the 2HR EMA ribbon, which has flipped fully bullish, and is above the 4 HR ribbon as well, it’s just not fully crossed over to a bullish moving averages...
#ETCETH
#ETH with ETH pair made a falling wedge pattern, that price needs to close inside and above the lower line for now, otherwise if going to close below the lower line of this wedge the fractal can lead price to zero 🤭👀. but holding the support zone and a break out from falling wedge can head up price to resistance zone around 0.022 ETH.
I promise, 64$ Supported. Billion $
Waiting to short sell bitcoin.
Waiting to short sell Ethereum.
Golden By Attack Ultra Bullish Ethereum Classic.
Hedge Supported.
Don't mind the price, collect it. It's not easy to have $1000.
His target is $1000. We are collecting.
We do not go back on our word.
Remember to look ahead when the shaking is over.
We will accelerate the trend.
Not investment Area.
Not investment idea.
technical analysis ETC/ETH 4H
Due to the divergence in Macd
There is a possibility that the price will fall to the target range.
This is a possibility and not a signal to buy or sell.
Please be careful with your capital.
Thanks a lot
I'm pretty sure Ethereum Classic topped for good here vs $Ethereum and $Bitcoin.
Let's see how this plays out, shorting is probably safe with a small position.
Cheers,
Ivan Labrie.
This trading pair is very bullish.
It would be wise to swap a few eth for etc if you have any.
ETC also seems to be a good buy in general based on this analysis.
The gray slant trend line is a magnet, so the pair should see a parabolic rise soon. There is also a very long term falling wedge.
Putting both ideas together leads me to believe in high...
ETC has been sleeping for the past 3 years, I had high hopes for it, and it made me sad many times. But now (*emotional*) looks like it's getting ready to skyrocket through the galaxy. It looks like we are just bouncing from the bottom. There is a bit of resistance between 0.00605 ~ 0.0066 Eth. But after that it's smooth sailing.
ETC is approaching a critical point. If the price movement continues to follow a descending triangle pattern we will soon reach a breakout point. When that happens we either go up or down. I have included a possible bottom for a downward movement and a possible target 1 for an upward price movement when the breakout does happen.
We have to wait and see that this...
Bitcoin is over 10,000 dollars. Ethereum last made the pace. Today Ethereum Classic shows its first sprint.
Ethereum Classic (ETC) has performed very poorly against Ethereum this year. Most recently, the price came back significantly in July, which of course is also due to the very good performance of Ethereum during this period. Today could be the start of a...
