Ethereum Classic / Bitcoin
Long
Updated

ETC - possible price increase.

27 682
ETC sits on very strong support.
5 of March ETC holders will participate in Callisto ( CTO ) airdrop.
Last December when NXT was issuing Ignis ( IGNIS ) tokens, price of NXT went up 1100% (USD) or 700% (BTC) between 12/01 - 12/23

Not saying same thing will happen this time but consider this:

- ETC sits on strong support so You need massive momentum to drag price down below support
- ETC is 1/3 way up comparing to last cycle ( weak indicator (if any), as last cycle does not guarantee future price, but we have to compare to something )
- 3 months accumulation phase - those coins has to be distributed to someone.
- 5 of March CTO airdrop
Note
For those who trade ETC/USD
ETC touching bottom of channel.
snapshot
Note
Hit the support line.
snapshot

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.