ETC/USDT Secondary trend. Channel. Accumulation and distribution
Updated
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).
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).
Note
Note
Note
Note
Note
Note
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
Note
Note
Note
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.