Crypto Contest July 11: Ethereum Classic
Ethereum Classic (ETC/ETH) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Ethereum Classic began a wave one advance on May 22. The wave one (sub-waves i-v) finished on May 24, and the wave two (sub-waves a-b-c) correction ended on June 16. If this wave count is correct, Ethereum Classic should be heading next towards the May 24 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Ethereum Classic will takeout the May 24 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Ethereum Classic will drop below the May 22 low".
If you think Ethereum Classic is in a range, upvote this post and upvote the comment "Ethereum Classic will stay in a trading range between the May 22 low and the May 24 peak until August 11".
You can upvote the comment until 3 PM EST July 12 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Ethereum Classic will takeout the May 24 peak (16 voters as of 3 PM EST July 12: bleujay, simonjay, otisbrown, soundmoney, dirty.hera, nenio, stay9n0, cassidyandfranks, allmonitors, mirda, eirik, poppy.poppers, ragnaros, mprgrmmr, rhino, shehryar).
InshaAllah!
Ethereum Classic will stay in a trading range between the May 22 low and the May 24 peak until August 11 (10 voters as of 3 PM EST July 12: me-tarzan, gregory-f, komischername, dinoo, allyouneedtoknow, starline, catena, flemingfarm, steemcollator, pinagpala).
I think it will stay in a range.. up until all coins recover
20% of my bag is $ETC
I wish you luck!
You won.
Ethereum Classic will drop below the May 22 low (9 voters as of 3 PM EST July 12: ikilledcobain (did not vote main post), damla, abh12345, jznsamuel, miniature-tiger, tzap90, andy23, psywalker, lig007).
Thank you for the analysis. I am following you.
From time to time I write about the crytocurrency markets. However I usually I do not do technical analysis.
"Ethereum Classic will takeout the May 24 peak".
Thank you and welcome. Please upvote my comment if you want to participate in the contest.
I did.
Thank you very much for your predictions. I will follow you because I am a beginner in crypto and your advice is precious. Good job.
Thank you izbing and welcome!