Macro Bullish TA: March 4 Fractal is important, Target $64The perfect butterfly or the Phoenix rising?
ETC is a long standing project that have been dismissed by the community for some time for a good a reason.
However, when trend reverses - it does not matter what you opinion is. You jump on the train and you ride it to you determined stop.
Once again we have constructed a bullish channel to determine the future of ETC and what can we estimate in the future.
Since January 2019, ETC been flat market with some upward action, but overall the foundation has been built. And February 2020, have shown that ETC is ready to join the crypto bull run.
The Long Action:
If we assume that blockchain will continue with adoption and growth into the future than ETC is definitely going to be a part of it. Specially when ETH2.0 will go full stake only coin.
It is true that, the the bull rally from 2017 is unlikely to be similar but it might just be oddly familiar. This is why I believe, as long as, base trend holds, we should hold our ETC as well.
I am targeting ETC to go to 40-60 this year and maybe if we are lucky to 100 or in 2022.
I believe by March 4th, we should know if the trend will hold and if ETC will resume its upward action.
CODE IS LAW
___FRACTALS___
March 4, July 17, October 9: Jan 10' 2022, March 8' 2022
***NOTE***
PS: More Technical Analysis will published, returning to the scenes of Fractal Art!
Report is still delayed, but if you read my reports before, you know where i stood on all of this!
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
ETCUSD trade ideas
ETC TargetsHello traders! Congratulations to all ETC holders, as we are beginning to break through the green zone which was our previous all-time high. In my opinion, if we can break through $50 with conviction we will begin to go much higher and my two targets of interest are $80 and $120. I think ETC has the potential to reach these targets due to the fact that it is easily accessible to new traders, as it is available on every exchange and Robinhood. Newbies will see how high ETH went and they will purchase the "cheaper" version in hopes of making a profit. Additionally, the fractal is not part of my strategy per se, but nevertheless, it is interesting to see how that fractal brings us exactly to the $120 price target.
WARNING: This post is my personal opinion, please do not consider any of it financial advice. Do your own research!
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 - $45.21ETC is currently trading close to the resistance zone at $32.75. If it can break this resistance, we could start seeing a move towards $35.07, $38.40 and $45.21 beyond which it will enter a price discovery mode. Failure to break the resistance at $32.75 could lead to a drop towards $30.09 and $26.94.