ETCUSD 8h: ETC undervalued, much potential 16 > 19 > 22 > 33 USD

Imo ETC has much potential. Because ETC is the only real alternative to ETH (smart contracts). That is why ETC will live and emancipate itself from ETH. Good news will come. The restitance at 16 USD will break. I see good buying opportunity for all at the moment with a short-term target of 19/22 USD.

Let's see what happens. Happy trading. :-)

See also:

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Close up of the current situation.

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In addition the relationship between etc and eth: we see a strong support at 0.4. we reached the bottom again. This also stimulates an uptrend.

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on the way ...

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:-). I'll stay on the line and keep you informed

Sync by honeybunny

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we reached 19. 22 possible in this wave. i ll inform.

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maybe next wave ahead.

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next lift up

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imo ltc will break 22

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rapid situation analysis. if we will see a correction re-entry at 19, otherwise 22.5 for the next wave. more maybe tomorrow.

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In the next hours/days it will decide if we see a bull flag or a small correction down to 19 USD. I'll keep you informed.

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just for info. re-entered at 19.

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current of the situation. in brief: support at 19 touched. further sideways movement is expected.

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Update. According to the trend lines, we may have reached the lowest low. A short content update: People keep asking what's the difference between eth and etc. ... here's a short answer: ETC continues to use the original chain and has remained true to its original principles. It is the second in the market, but not yet with significant differences. The only characteristic that separates ETH and ETC is therefore an ideological thing. Actually, ETC is the original and ETH is the original minus a few thousand transactions that are simply skipped. This may sound like there is only little chance of success for ETC in the market, but there is a desire emong ETH and the community not to have a "Buterin-Chain". Both use the same compiler, you can easily develop on ETH and then run it on ETC. This has the advantage that the fees are lower, the block chain is leaner and the transactions are faster. That's why ETC has in my opinion a great potential, which probably nobody is aware of. A big boost would be given to ETC if it switched to proof-of-stake before ETH.

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update: correction completed. target still okay.

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if the upward movement of btc continues, a further boost of etc can be expected.

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it may sound strange, but we are still on track. we have seen strong movements in the last few days, but the basic trend has not changed. target still 32/33.

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strong support at 13.5.

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here is a first look at my next chart. is coming soon. we touched the deepest low. let's see where it leads.

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ETCUSD (8h) close-up of the current situation

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new chart published. this chart will no longer be continued and be replaced by the new one. new chart here: