📊 ETC is up 9.75% with the highest volume ratio I've seen today — 3.93x average. That's not retail, that's accumulation.
Ethereum Classic doesn't get this kind of attention often. When it does, it's worth paying attention.
🔍 The Picture:
• Price at $8.67, clean break above SMA7 ($8.39) and SMA25 ($7.93) on 4H
• RSI 4H: 72.8 — strong momentum, just entering overbought
• Daily: price above ALL major MAs including SMA99 ($7.07) — full bullish structure
• Volume 3.93x average with surging pattern — this is real money flowing in
• Long/Short ratio: 1.82 — crowd is positioned long
🎯 Why This Trade:
ETC breaking out with nearly 4x volume is significant. The daily chart shows price above SMA7, SMA25, AND SMA99 — the holy trinity of bullish alignment. RSI at 72.8 has room before extreme overbought. This looks like the start of a trend, not the end of one.
📊 Trade Plan (LONG):
• Entry: $8.53 - $8.81 (buy dips to SMA7 area)
• Stop Loss: $8.12 (below SMA25 — breakout failure level)
• TP1: $9.02 | TP2: $9.36 | TP3: $9.71
• Confidence: 69%
⚡ ETC often leads altcoin rotations. If ETH consolidates, money flows into ETC as the "cheaper Ethereum play."
Is ETC the underrated play of this cycle? Or just a dead cat bounce? 🐱
#ETC #EthereumClassic #DYOR
⚠️ Not financial advice. Crypto is volatile — always manage risk and DYOR.