✴️ Ethereum Classic Update | Stronger Each Day
Ethereum Classic continues its sideways consolidation above EMA100.
It moved below this level for a few days and quickly recovered.
The longer the consolidation period, the stronger the potential for growth becomes for the next price jump.
You can look at Ethereum Classic (ETCUSDT) just as Bitcoin when it comes to its relation to the rest of the cryptocurrency market.
As Ethereum Classic goes sideways, the smaller Altcoins grow.
This is true also for the TOP10/20 Altcoins, as these enter a consolidation phase, together or apart from Bitcoin, the rest of the market can grow.
When the TOP cryptocurrencies move up strong, the rest of the market can go sideways or retrace before additional growth.
We have a strong higher low in December compared to June, higher lows lead to higher highs.
This would place the bottom at the June 2022 low and thus what follows is sustained long-term growth. Higher highs and higher lows; A bull market.
Namaste.
It moved below this level for a few days and quickly recovered.
The longer the consolidation period, the stronger the potential for growth becomes for the next price jump.
You can look at Ethereum Classic (ETCUSDT) just as Bitcoin when it comes to its relation to the rest of the cryptocurrency market.
As Ethereum Classic goes sideways, the smaller Altcoins grow.
This is true also for the TOP10/20 Altcoins, as these enter a consolidation phase, together or apart from Bitcoin, the rest of the market can grow.
When the TOP cryptocurrencies move up strong, the rest of the market can go sideways or retrace before additional growth.
We have a strong higher low in December compared to June, higher lows lead to higher highs.
This would place the bottom at the June 2022 low and thus what follows is sustained long-term growth. Higher highs and higher lows; A bull market.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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