Nice entry point for ETC in the long termTill 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
I think $ETC will outperform $ETH by +100% within few monthsETC 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
ETC:ETH Fundamental IdeaAs 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
Maybe time to switch to the real Ethereum?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, i
ETC/ETH falling wedge#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 u
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.