ETC/USDT Secondary trend. Channel. Accumulation and distributionSecondary trend. Timeframe 3 days. Which formed a downward reset channel with a significant 108% move after a huge +2000% to 3000% pump. This is what happens when a coin is "forgotten about by all," not advertised in the news, and accumulated for such a long 2.2 years.
The real ether. The “green” parent of the expensive “black” ethereum.
Coinmarket Coin: Ethereum Classic
At the moment the price is approaching the uptrend of the main trend (long-term). Dynamic support (green) of the large channel.
The medium-term reversal zones of the secondary trend are shown on the chart and circled in yellow, on which (breakthrough / not breakthrough) depends on the further development of the trend.
The graph shows the accumulation and distribution zones. Zones of smart and stupid.
Position resets.
"Waves of interest" with price retention is expensive
1—distribution zone. Formation of a 6.5-month triangle). -61% from the reversal level of the triangle breakout.
2—zone after the triangle breakout. Formation of the descending channel.
The whole drop is 10.8 months (327 days).
The price is now at the “Hamster Pump” peak zone (buying back liquidity “expensive” from those who didn't want to sell cheap) $17.22 - $20 before a huge pumping +2244% of the average set price.
Accumulation in the horizontal channel, 2.2 years.
The channel is 100% $3.78 to $7.35. Average liquidity set price of $6.
Maxima—$13.18 (redemption of coin volume “expensive” for subsequent failure under market dump).
Minimums—$3.1 (market dump 13 03 2020).
Expensive and cheap ether. Mining.
Ethereum is moving to version 2.0. There will be a transition from proof-of-work to proof-of-ownership, and mining on video cards will cease to be profitable. This will happen in the second half of 2022, perhaps even this summer.
This very unpopular and painful decision (inevitable) has been dragging on for 3 years now. It is very likely that this year will be the end of this problem. It's not hard to guess which cryptocurrency the miners who mine ETH now will most likely switch to. Consequently, it can very positively influence ETC price.
For those who don't know, let me remind you. ETC is the true ether. ETH is a fork. Forced fork, to get back stolen ETCs during attack on DAO (just to roll back transactions of “hackers” wallets).
That's how 2 Ethers came into existence. ETC (limited quantity of coins) and ETH (unlimited quantity of coins). Of course, they began to promote and develop centralized fork, that is ETH.
The whole story about birth of ETH with ETC and the story (real imitation) with hackers attack on DAO and stealing of ETC coins was made just for “birth” of more centralized crypto-mint for testing technology, especially smart contracts on it.
Under the idea fixed my previous trading ideas for this coin, including closed (pre-pump recruitment zone).
