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Ethereum Classic (ETC) is on the verge of a historic breakout that we have all been waiting for since 2017. A close look at the RSI for the weekly chart ETC / USD clearly shows that Ethereum Classic (ETC) is preparing for this breakout for two years. CSR has now reached the lowest level within a wedge that falls and could break out from moment to moment. This is a great development for Ethereum Classic (ETC) considering that we have not seen the cryptocurrency gain as much as the rest of the market during the last rally. While most of the currencies rallied aggressively towards new highs, Ethereum Classic (ETC) has just risen slightly above the all-time high of June 2017 during the aggressive rally of the market at the end of 2017.
For the first time in two years, Ethereum Classic (ETC) is now ready to start a rally like the one that started at the beginning of 2017. If the events that have occurred in the last days have taught us something, it's that the events they happen to adapt to the rankings. It is unlikely that everything you see on the charts as a long-term trend will be invalidated. Most of the time, events take place to adapt to the rankings. We need a market capitulation for which the hashwar between Jihan Wu and Dr. Craig S. Wright has become the catalyst. This is not a stand-alone event. We have seen countless examples of events that meet technical requirements throughout the history of financial markets. It is now clear that Ethereum Classic (ETC) should manifest aggressively at the beginning of 2019. The question is: "What will be the catalysts?"
In the past, Ethereum Classic (ETC) was just trying to survive. Whenever he did a rally, people who wanted to suppress the price of ETC were ready to download it. A lot of people have had ETC bags from the rigid fork. Of course, they did not have the decency to sell them over the counter, because they wanted to kill the project (Ethereum Classic). What was the result of all this? ETC / USD had worse results than most tcains sh *. In fact, many fraudulent coins have made investors more money than Ethereum Classic (ETC). However, time passed and Ethereum Classic (ETC) just like Bitcoin (BTC) took his fists but persevered. He came out not only as a survivor, but a contender for his legitimate place as a standard platform for Dapps and the Internet of Things (IOT).
Some people measure the success of a blockchain by the number of Dapps built on it. The number of Dapp can increase or decrease at any time. The same applies to the number of miners or developers. What matters are the fundamentals of a project and the fundamental principles and values it represents. Ethereum Classic (ETC) made it very clear that it is not willing to compromise its security, immutability and decentralized nature. This is what makes it the perfect blockchain for decentralized applications and the Internet of Things (IOT). Nobody wants to build a Dapp on a blockchain that has a select group of people deciding what to allow and what to ban. The same goes for blockchains, where some powerful people could take a whole chain apart. The advantage of Ethereum Classic (ETC) on the rest of the market in respecting the same principles and values of Bitcoin (BTC) gives it a distinct advantage in positioning itself at the center of the next IOT (Internet of Things) revolution.
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