Ethereum Classic (ETC) Analysis: Sideways Price Movement Could End Like This
SUMMARY
Back on February 28th, the below chart was posted for Ethereum Classic (ETC). Since price had been moving sideways in an alligator tooth type of volatility; the undertone of an incomplete correction was clearly noticeable. The blue WXYXZ label was used to indicate also that the correction needed more time consumption.
As of this morning, ETC has turned down after completing the second blue x wave. This current decline is likely the blue Z wave and once complete, it could provide a good potential corrective bottom level.
Here is the closeup showing the breakdown of the final blue Z wave into its subwaves, red ABC. I believe this will probably be a zigzag in wave count and if so, the final wave C needs to subdivide into fives as shown.
There is an alternate where WXYXZ corrections can form the final Z wave as a triangle. This is much more common in Cryptos than in equities and so awareness of this alternate could be helpful.
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Man this ETC is a real crap coin lately even with the airdrop
During corrections, sentiment can turn negative. It’s important to not confuse the short term trees for the longer term forest.
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I like ETC. Lower fees, same potential functionality, and can take what's learned from ETH and adopt on ETC easily
Yeh! It's much more better than BTC))
No, I disagree. Nothing comes close to the network effect of BTC.
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This person known on Steemit as @Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX ENVASION!!! They are coming after him. He has been reported to them & they know where he is. If you upvote this person & contribute money to him you could be charged in the matter of the court case. It is best to UNFOLLOW this person now. Do not UPVOTE or TRANSFER any FUNDS to his account. Any money you send to this criminal can be traced back to you.
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@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
So much true in this video! I have the same opinion due to @haejin analysis he making! It's VERY VERY LOW quality and with bunch mistakes both in labeling and predicting the direction!
This post is crap as well....
This chart analysis should look like this (beside I made it on 02.28):
Coins mentioned in post:
nice blog. thanks for sharing.keep it up
ETC is revisiting $19
Do you think that's a good entry point
Thanks haejin
ETC has potential for sure. Thx for sharing insight!
Please upvote my comment
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
I've had my eye on ETC, thanks for the analysis.
Don't take this analysis seriously, he's posting crap! Check this video: https://www.youtube.com/watch?time_continue=1047&v=WOp8xBkXy_4
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WTF you gonna do bring out your NUKES!!!!
@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.
Thanks for pointing out the alternate common in Cryptos. That is helpful.