ETC 1D Price is near the all-time high, where next?Today we will look at the price action of ETCUSDT
In just over a year of growth, the price of ETCUSD rallied by making x17, finally reaching an all-time high that was set back in early 2018.
On the one hand, it seems like x17 is a good result, but if you take into account the fact that ETC is a fork of ETH and +|- repeats the price movement behind it, we think the result is not very impressive. Ethereum is 60 times more expensive than EthereumClassic, and it was able to update the 2018 absolute maximum more than twice in the same time.
By the way, here we have a series of ideas for ETHUSDT
So, Classic is now for the second time trying to update the 2018 maximum, which was around $47 and so far it has not been very successful.
Now the most positive scenario for the growth of the price of ETCUSDT is a possible break of the stops of shorts, which can hide above $50 . Such actions can provoke squeeze growth to the $57-60 area.
Above growth is not yet visible for us.
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Etc
Expanse ($EXP) Another hidden Ethereum fork gem 💎 60x gains.Just take one good look at the 5 year chart. Look at Ethereum and Ethereum Classic and compare. Expanse is a sleeping giant.
Expanse is an open blockchain platform forked from Ethereum that lets anyone build and use decentralized applications that run on blockchain technology. This is one of the most active for mining and has been flying under the radar. Major volume consolidation happening. This one has not popped yet.
Previous high was over $9.00 per coin. That's potential for 60x gains at least.
Financial disclaimer in the signature. DYOR.
Good luck.
PSA: Beware of "Zombie Chains" - ETC, MIOTABitcoin, Ethereum, and most of the projects out there have never had their protocol compromised. There are a few exceptions -- the biggest ones being Ethereum Classic (ETC) and MIOTA. ETC had their protocol compromised by a 51% attack, MIOTA's system is most likely not even a real blockchain, after being audited by the MIT Technology Review. But we call them "zombie chains" because the blockchain allows for these projects to persist, even though it's dead.
🔥 ETC Bullish TriangleWith BTC rising rapidly, big cap alt coins are following suit. ETC's rise has formed a nice bullish triangle for us to trade.
ETC saw immense gains only a couple of weeks ago. Two weeks of being relatively quiet might actually signal a boom in price soon.
If bullish pressure remains, we might form a new ATH in the near future.
Happy trading!
Ethereum classic forming a falling wedgeHello traders,
Here is a chart of a strong Alt coin ETC. ETC is forming a falling wedge. Look carefully for a breakout or resistance at the top of the falling wedge.
On a breakout to the upside, there should be heavy volume. Right now we are likely to see a reversal to the top of the wedge also because volume is extremely low.
Volume is key in general but even more in breakouts.
If the for the moment waek BTC continues to plunge then the ALTS may struggle to move up unless Bitcoin drops very slowly and the dominance decreases.
The RSI looks like broken out which is a bullish sign but this bar has not finished yet. Also a nice positive divergence helps but it is not yet the case.
Further it is very important to analyse Bitcoin then you get a better feel for all the ALT coins because BTC still is the leader from the crypto currencies. If it goes down heavy the whole market plunges too.