IS ETHEREUM CLASSIC POISED FOR A MASSIVE PUMP? IS IT GOING TO TEST IT'S PREVIOUS ALL TIME HIGH? LET'S FIND OUT!
Hello guys,
Today we are going to analyze the price of ethereum classic and predict the possible price movement of ETC in the coming days. So, let's start!
FUNDAMENTALS : Ethereum classic development team has recently announced the launch of callisto network project which will result in a 1:1 ratio of callisto tokens for ethereum classic holders. Enough said?
Well, that's actually a very bullish and great news for ETC (ethereum classic) holders. If we go in the past, we have actually seen the coin prices going multifolds with the airdrop news (NXT-IGNIS AIRDROP, ZCL-BCPT AIRDROP ETC) and who hates free money??
Let's have a quick look at the ETC/BTC price chart and see the possible outcomes :
As we can see in the above picture, the price of ethereum classic against bitcoin is trying to break upwards with the first green rectangular box being a major resistance. If it breaks above the first box, we expect a huge surge in price of ethereum classic in a very short period of time (considering strong fundamentals as well). MACD is looking super bullish while RSI is overbought on a 4 hour time frame chart. Keeping it short, let's have a look at the possible trade setup.
TRADE SETUP
BUYING RANGE : 0.00270000 OR BELOW
STOP LOSS : 0.00200000
TARGETS : 0.00450000, 0.00600000, 0.00800000
We repeat, ethereum classic looks super bullish and buffed up for massive gains in the coming days and it can go up very quick in a short period of time.
DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE BUT THE BEST POSSIBLE PRICE FORECAST ACCORDING TO US. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ACTIONS.
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