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Ethereum Classic price will tap $280 by early 2022

Ethereum Classic price will tap $280 by early 2022
Written by publisher team

The following article contains price projection analysis and history using WD Gann and other traditional forecasting methods. Ethereum Classic is the second among many that highlight this method and approach to technical analysis. It is not intended to target a specific date or price. Instead, the goal is to define a time range in the future, which is likely to be a turning point for any trend or corrective movement. In addition, the second purpose is to determine the price range and value area in the same time period.

meeting areas

ETC / USDT price combinations

How are future Ethereum Classic price levels determined if they have never traded at these price levels before? A series of different types of analysis must be completed to predict and predict a future price range. For this analysis I will be using Elliot Wave Theory, the natural harmonic values ​​found in the light and sound spectrum – specifically methods developed by the great Gann analyst, Tony Plummerlaw of vibration, And life cycle hypothesis), Gann 9 Square and Fibonacci Expansion areas. The result of this analysis shows a set of price ranges, all in the same value area. They are as follows:

$265.00 – 180 degree jean square

$264.00 – Leading octave for “So” (Harmonic Ranges in Music)

$269.13 – Top of the square at Jan Square

$298.09 – 161.8% Fibonacci Extension of the Inside Swing

time cycles

Time combinations ETC / USDT

In addition to anticipating future price levels, the same approach can be taken over time. For time cycle analysis, most of the analysis comes from Gann’s work on major and minor time cycles and his use of astronomical cycles. Time studies are complemented by the time principle of the Ichimoku Kinko Hyo system and the Hearst cycle analysis. After this analysis is done, a huge set of cycles complete and coalesce in mid to late January 2022. Specifically, Ethereum Classic is expected to be at or near a new all-time high between the last week of January 2022 and the first week of February 2022. Time groups include the following time-cycle analysis methods:

Jan Square 9 dates.

Gann’s inner year day cycle is important.

Gann’s 12-issue main square weekly.

Gann’s main square of 12 accounts per month.

Ichimoku Monthly Kumo Twist

Lunar phase (new and full moons)

lunar apogee and perigee

Hearst courses

Mid-point Gann Square in the range

put everything together

Price and time ETC / USDT

A swing low expected in late November 2021 could put the price of Ethereum Classic near the $24.00 value area. The next high swing range to the target is the confluence between $265 and $298.

The time range in which a new high is likely to appear is in the last week of January 2022 through the first week of February 2022.

Look for Ethereum Classic to test $265 – $286 in late January to early February 2022.

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