ETC Impossible To Break Support: 2025 Bull-Market Launch-zone
2025-02-06
Category: None

Good afternoon my fellow Cryptocurrency trader, here we have a very simple chart and this time we are going to focus on support and why the recent flush marks the bottom for Ethereum Classic. 

How are you feeling in this wonderful day?

In June 2024 ETC moved below $22 for the first time after a strong bullish wave. This move below $22 started a long consolidation phase and at the same time the creation of a long-term support.

Between June and November 2024 ETCUSDT went sideways, establishing a major long-term support zone. After five months of sideways, it broke bullish and produced what I call the "initial bullish breakout." Which is the first move that happens preceding a bull-market.

Now, the initial bullish breakout was corrected as is usual and the action moved back below daily MA200. MA200 reading $23. As soon as ETCUSDT moved below this level, the strong long-term support was activated again. The range that produced the 2024 initial bullish breakout, the same range that will launch the 2025 bull-market. This support level is impossible to break.

The action moved on a flash-crash below $20 and hit a low of $17. The same day the action recovered with the session closing at $22. This means that buyers were active, waiting and ready to buy and they bought. The reason for a smart Cryptocurrency market participant being ready to buy on a flash crash is because prices entered a major support zone. A long-term support zone and this zone can't break. It can't break because it has already been confirmed, last year, with five months of consolidation. The strong reaction when this zone was activated confirms that it is really strong.

If last year the market went sideways in this zone for 5 months, mainly 3 months after August, this year it will happen for 1.5 months at the most. This support will hold.
(Note: The lower end of the range can be challenged on a wick but it would always hold on a weekly or monthly session close.)

This means that we can start our accumulation strategy once more. Sell when prices are high; buy when prices are low.

Ethereum Classic is now trading at bottom prices, the best time to buy before long-term growth.

How far up can it go?
Just visit my profile and search for ETCUSDT, we have many charts with new ATH projections.

This post is meant to remind you, alert you, that the correction is over; the market is ready to grow.

It will take a while, only a short while. After this short while we will see maximum growth.

This support zone just mentioned is very strong.
This is a great opportunity.

Fortune favors the brave.

Notice that just a few weeks ago everybody was over-excited and buying like there was no tomorrow and the market broke down completely liquidating more than 10B worth of over-leveraged trades. Try and gauge the feeling of the market now, people are running away. This is the time to buy, when there is no excitement, just clear thinking...

When we are hyped up and ready for 1,000,000%+, that's a sure sign that something behind the scenes is wrong.

When we have time and space to breathe. Nobody is pressuring us, there is no rush. That's the time to enter. The time is now but, focus on the long-term, the short-term can be filled with swings and shakeouts, pure market noise.

It cannot be stopped.
We are going big in just a matter of months.

This is a friendly reminder.

Thanks a lot for your continued support.

Namaste.