Ethereum Classic (Kraken: ETCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, ETC began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended on December 18. If this wave count is correct, ETC should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the monthly chart, I believe ETC is currently in the red wave three (blue sub-wave iii). The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Agharta hard fork expected around Jan. 15 could be the reason for the recent price surge.
(Sources: https://ethereumclassic.org/)
How Will Ethereum Classic Trade?
Ethereum Classic (Kraken: ETCUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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