This is 4h time frame short-term analysis, i also put some mid-term perspective but not as sure as short-term.
We bottomed 4h StochasticRSI we are way in oversold territory also the RSI cooled down very well, the trend up is still here is RSI.
MACD is very near of the bottom, we will surely see soon a reversal.
I think before the airdrop we will go through the nest high at 0.004 which also correspond at a fibo level very important, an inversed H&S is due at the 4h timeframe, imo we will blast this level and go through at least at the next fibo retracement; the green line is for me a realistic target before the airdrop, the orange line is a line for the maximum upside we could see even i'm doubtful of this one.
We should retest a little before or just after the airdrop the previous fibo levels and then trading for a month between two fibo levels, but don't forget, next after the airdrop, that means ETC will have a sidechain for test and staking, next there will be emerald mobile wallet, removal of the difficulty bomb (which will bring a lot of ex-ETH miners imo) interoperability with ETH chain, and a upgrade EVM before next year (SputnikEVM).
The best is yet to come for this year.
This is not financial advise, just speculative idea on technical analysis and some fundamentals.
Don't risk what you need.
Good Luck Everyone.
Great Wishes
We bottomed 4h StochasticRSI we are way in oversold territory also the RSI cooled down very well, the trend up is still here is RSI.
MACD is very near of the bottom, we will surely see soon a reversal.
I think before the airdrop we will go through the nest high at 0.004 which also correspond at a fibo level very important, an inversed H&S is due at the 4h timeframe, imo we will blast this level and go through at least at the next fibo retracement; the green line is for me a realistic target before the airdrop, the orange line is a line for the maximum upside we could see even i'm doubtful of this one.
We should retest a little before or just after the airdrop the previous fibo levels and then trading for a month between two fibo levels, but don't forget, next after the airdrop, that means ETC will have a sidechain for test and staking, next there will be emerald mobile wallet, removal of the difficulty bomb (which will bring a lot of ex-ETH miners imo) interoperability with ETH chain, and a upgrade EVM before next year (SputnikEVM).
The best is yet to come for this year.
This is not financial advise, just speculative idea on technical analysis and some fundamentals.
Don't risk what you need.
Good Luck Everyone.
Great Wishes