Lately, the influx of demand for bitcoin and other cryptocurrencies have allowed the total market capitalization of cryptocurrencies to surpass the $500 billion mark. With the increase in total market cap, large cap coins have seen a breakout of its own, leading to unprecedented gains and new all time highs, namely, LTC, DASH, XMR, XRP and now ETC.
Ethereum Classic has finally broken out of its long period of time in consolidation within the bullish pennant. Target: $40
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Hit our target perfectly. Take profits or hold for the next wave.
I agree it is still very undervalued coin, however it needs to break out (and confirm) super strong resistance at $31.5 (on bittrex), which it failed 2 times already. Hopefully it will succeed today finally :) GL.
DeejaiRiangkrul
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@Baluboy, it has broken out of the bullish pennant but I do agree that it has failed to breakout of superior resistance at around the $32.7 (bitfinex) level of the previous high. But third time's the charm right ;)