The following article contains price and date projection analysis utilizing the methods of W.D. Gann and other traditional forecasting methods. Ethereum Classic is the second of several highlighting this style and approach of technical analysis. The purpose is not to target a specific date nor a specific price. Instead, the goal is to identify a range of time in the future, which is highly likely to be a turning point for any trend or corrective move. Additionally, the second purpose is to identify a price range and value area in that same time period.
Confluence zones
ETC/USDT Price Clusters
How are future Ethereum Classic price levels determined if they have never traded at those price levels before? A series of different types of analysis should be completed to speculate and project a future price range. For this analysis, I will be utilizing Elliot Wave Theory, natural harmonic values found in the light and sound spectrum – specifically the methods by the great Gann analyst, Tony Plummer (The Law of Vibration, and The Life Cycle Hypothesis), Gann's Square of 9 and Fibonacci expansion zones. The result of this analysis shows a cluster of price ranges, all with the same value area. They are as follows:
$265.00 - 180-degree Gann Square of 9 angle
$264.00 - Major Octave of 'So' (harmonic ranges in music)
$269.13 - Top of Square in Gann's Square of a Range
$298.09 - 161.8% Fib expansion from interior swing
Time Cycles
ETC/USDT Time Clusters
In addition to projecting price levels in the future, the same approach can be taken with time. For time cycle analysis, most of the analysis comes from Gann's work in major and minor time cycles and his use of astronomical cycles. The time studies are further supplemented with the Ichimoku Kinko Hyo system's Time Principle and Hurst Cycle Analysis. After completing this analysis, a massive cluster of cycles complete and coalesce in mid to late January 2022. Specifically, Ethereum Classic is projected to be at or near a new all-time high between the final week of January 2022 and the first week of February 2022. The time clusters include the following time cycle analysis methods:
Gann's Square of 9 dates.
Gann's Cycle of the Inner year day counts.
Gann's Master Square of 12 weekly counts.
Gann's Master Square of 12 monthly counts.
Ichimoku Monthly Kumo Twist
Lunar Phase (New and Full Moons)
Lunar Apogee and Perigee
Hurst Cycles
Mid-Point of Gann's Square of a Range
Putting it all together
ETC/USDT Price and Time
There is a projected swing low around late November 2021 that could put Ethereum Classic price near the $24.00 value area. The next significant swing high range to target is a confluence zone between $265 and $298.
The date range where a new high would likely appear in the final week of January 2022 and into the first week of February 2022.
Look for Ethereum Classic to test $265 - $286 in late January to early February 2022.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
IRS says crypto staking should be taxed in response to lawsuit
The IRS stated that rewards from cryptocurrency staking are taxable upon receipt, according to a Bloomberg report on Monday, which stated the agency rejected a legal argument that sought to delay taxation until such rewards are sold or exchanged.
Solana dominates Bitcoin, Ethereum in price performance and trading volume: Glassnode
Solana is up 6% on Monday following a Glassnode report indicating that SOL has seen more capital increase than Bitcoin and Ethereum. Despite the large gains suggesting a relatively heated market, SOL could still stretch its growth before establishing a top for the cycle.
Ethereum Price Forecast: ETH risks a decline to $3,000 as investors realize increased profits and losses
Ethereum is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000.
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
The global cryptocurrency market cap shrank by $500 billion after the Federal Reserve's hawkish statements on December 17. Amid the market crash, Bitcoin price declined 7.2% last week, recording its first weekly timeframe loss since Donald Trump’s re-election.
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy
Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.