✴️ Ethereum Classic Long Consolidation, The Bright Side

15 באפר׳ 2023

It's been a while since my last update since the conditions remain the same... Earlier this year I was sharing updates basically daily since we did great with this Altcoin back in mid 2022.

I will go through the whole thing because many people are new.

We compared the consolidation phase from July 2022 above EMA100 (blue line on the chart) and how this led to a strong bullish wave.

ETCUSDT is now back above EMA100 but instead of 2 weeks, its been months hovering around this level.

The bright side of this, the good news.

The fact that Ethereum Classic has been consolidating forever around this level before moving forward, establishes a strong support.

This might be the last time we see this Altcoin at 20 something... Once it moves up, it will go strong and it might never come back down.

If it does move back, then this would be the bottom/higher low, near the current price.

The longer the consolidation phase in duration, the stronger the bullish breakout when it comes.

It will be massive... And prices will move much higher than anything you can expect and the growth we will experience will be for the long-term.

Remember, this is just not an Altcoin project or a "trading pair", this is actually the technology that will fuel our lives in the future... This will be worth a lot, specially in terms of cheap dollars.

Namaste.