Cryptocurrency Forecast, Ethereum Classic News, Market Analysis

Ethereum Classic In Accumulation Zone – Can Burst Anytime In 2022.

The second of numerous examples of this style and approach to technical analysis is Ethereum Classic (ETC). The goal isn’t to hit a certain deadline or set specified pricing. Instead, the objective is to pinpoint a period of time in the future that is very likely to represent a tipping point for any trend or reversal. In addition, the second goal is to determine a price range and value area for that time period.

If future Ethereum Classic price levels have never traded at those levels previously, how are they determined? To guess and forecast a future price range, a variety of various sorts of studies should be conducted. I’ll be using Elliot Wave Theory, natural harmonic values found in the light and sound spectrum – especially, Tony Plummer’s techniques (The Law of Vibration, and The Life Cycle Hypothesis), Gann’s Square of 9, and Fibonacci expansion zones – for this study. This study reveals a cluster of price ranges, all of which have the same value area.

Ethereum Classic In Accumulation Zone - Can Burst Anytime In 2022.

A similar method may be used with time in addition to forecasting price levels in the future. The majority of Gann’s work on major and minor time cycles, as well as his use of astronomical cycles, is used in time cycle analysis. The Time Principle and Hurst Cycle Analysis of the Ichimoku Kinko Hyo system are also used to enhance the time studies. A large cluster of cycles will finish and consolidate in mid to late January 2022 after this study is completed. Between the last week of January and the first week of February 2022, Ethereum Classic is expected to be at or near a new all-time high.

At the reporting time, Ethereum Classic is presently trading at a price of around $53.13 USD, which is 0.50% up for the day.

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