ETC – LTC analogy just before Coinbase - 400% in 2 months?
Hi Guys!
We are looking again at the ETC as it is among few coins which grow fast right now.
What happened? We think this is because of recent Coinbase announcement.
They said that within couple of months ETC would be fully supported on their platform.
This will cause greater demand thus price will rise.
As people already know this, they want to buy before it will be actually available.
This resembles a bit situation with LTC in 2017.
It was featured by Coinbase on 3rd of May 2017.
Rumours appeared around 2 months earlier. It is visible on the price surge (chart down below in comments section).
Again when Coinbase support came into effect we had another strong price rally.
We think it may happen with ETC as well.
LTC gained versus BTC 400% within 2 months.
It may happen with ETC as well given that BTC will be strong as well.
According to worldcoinindex today's volume on ETC is ranked 5th very close to BCH.
Just to remind you important events:
30.06 PoC of new StateDB layer & Emerald 0.00% Mobile Wallet
31.07 Sidechains support in Emerald 0.00% Project & Emerald 0.00% SDK First Release
31.07 Radex will be the first decentralized exchange to be launched on ETC blockchain (delayed – was to be at the end of May 18)
31.08 JIT Compilation in SputnikVM
12.09 Second Annual Ethereum -1.06% Classic Summit in Seoul
30.11 Fully IoT-compatible infrastructure of ETC(BIG THING)
Technical analysis details:
Fibonacci Targets:
Target 1: 0.0032868
Target 2: 0.0044939
Target 3: 0.0054696
Target 4: 0.0064452
Target 5: 0.0078342
Target 6: 0.0096110
Target 7: 0.0147133 (new ATH)
So guys do you think such scenario is legit?
Please do share with us your point of view.
HUGS!
Your WBM Team
We are looking again at the ETC as it is among few coins which grow fast right now.
What happened? We think this is because of recent Coinbase announcement.
They said that within couple of months ETC would be fully supported on their platform.
This will cause greater demand thus price will rise.
As people already know this, they want to buy before it will be actually available.
This resembles a bit situation with LTC in 2017.
It was featured by Coinbase on 3rd of May 2017.
Rumours appeared around 2 months earlier. It is visible on the price surge (chart down below in comments section).
Again when Coinbase support came into effect we had another strong price rally.
We think it may happen with ETC as well.
LTC gained versus BTC 400% within 2 months.
It may happen with ETC as well given that BTC will be strong as well.
According to worldcoinindex today's volume on ETC is ranked 5th very close to BCH.
Just to remind you important events:
30.06 PoC of new StateDB layer & Emerald 0.00% Mobile Wallet
31.07 Sidechains support in Emerald 0.00% Project & Emerald 0.00% SDK First Release
31.07 Radex will be the first decentralized exchange to be launched on ETC blockchain (delayed – was to be at the end of May 18)
31.08 JIT Compilation in SputnikVM
12.09 Second Annual Ethereum -1.06% Classic Summit in Seoul
30.11 Fully IoT-compatible infrastructure of ETC(BIG THING)
Technical analysis details:
- Gann Fan – we crossed 2/1 level substantially which confirms strong uptrend - high time to buy
On the second picture down below you will see different angle – we are over 1/1 and ½ - strong uptrend – observe when crossing 1/1 – if so it will be time to sell
- Weis Waves – high demand, no supply – very GOOD for the price
- MACD – positive divergence
- Double bottom forming – bull sign
- Very low at Fibonacci scale
Fibonacci Targets:
Target 1: 0.0032868
Target 2: 0.0044939
Target 3: 0.0054696
Target 4: 0.0064452
Target 5: 0.0078342
Target 6: 0.0096110
Target 7: 0.0147133 (new ATH)
So guys do you think such scenario is legit?
Please do share with us your point of view.
HUGS!
Your WBM Team
Commento:
Second insight on ETC
Commento:
Insight on 1Y LTC chart
