ETC about to break out!
Tradingview link: https://www.tradingview.com/chart/ETCUSD/aHjORO6A-ETC-Cup-and-Handle/
https://www.tradingview.com/chart/ETCETH/9QlCv6OR-A-Different-Way-to-Look-at-Altcoins/
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ETC just broke out the cup and handle pattern, which is one of the most popular bullish patterns. ETC could make some new all time highs!
When looking at some of the smaller altcoins, we also can look at the /btc and the /eth chart to supplement our technical analysis .
Looking at the etc/eth pair, we see that the price is forming a falling wedge . Each time a falling wedge formed in the past, the price made immense surges. Why would this time be any different? By taking the length of the opening of the wedge and adding it to the bottom of the wedge , we get a first target of 0.06 ETH. That almost doubles our money... in terms of ETH. If you expect ETH to continue rising, this trade could more than double our money!
tbh i don't think this is a good fork.
I'm just doing technical analysis, not fundamental analysis.
understood. thanks
ETC not being as good as a coin as ETH probably explains why it only cost less than $40 rather than $1200.