✴️ Ethereum Classic Ultra-Bullish Signal ($48 Target Or Higher)

22 dic 2023

Ethereum Classic has been through the longest consolidation phase in its history —The longer the consolidation phase, the stronger the move that follows.

Seeing that ETCUSDT has been printing higher lows since June and is full time bullish, this indicates that a major bullish move is in the making.

That's it, plain and simple.

👉 We expect this move to reach $48 or higher. This can happen fast once the consolidation box/range breaks.

We will keep you updated as the chart moves and the pair grows.

Remember to do your own research to be better prepared.

Thanks again for your support... See you on the next one.

Namaste.

15 gen

Nota

Ethereum Classic did good, it produced a bullish breakout above the consolidation phase and hit $32.

The weekly timeframe is good also as it now trades above MA200 and other major indicators...

The technicals look good...

Ethereum Merge is in a similar situation, high volume on the weekly breakout.

The worrisome part is their relation to Bitcoin and the broader market.

- Will they detach?
- Or will they move forward and Bitcoin as well?
- Or will Bitcoin enter correction mode and drag both ETC and ETH with it?

This is the question mark.

Last week ETC and ETH produced a bullish signal.
Last week BTC produced a bearish signal.

BTC grew all the way up to the same level as back in Dec. 2021.

👉 Both ETC and ETH show plenty of room left available before reaching those levels... Since they both stayed behind, there is a chance they can grow regardless of what the others do.

Namaste.