Fundamentally speaking, potential is here. ETC has a dedicated team, and is learning from ETH's professionalism, while having a lot more room to grow. Overall, ETCETH chart is showing signs of reversal (see next update for chart). It is aimed at a different market than ETH, and while the target for etc is actually half of eth's, the signs of reversal of ETCETH is telling me we might see a XRP / XLM rerun with the same decoupling of a sister coins. More or less a "half or quintuple your profits". Which is why I and some of my clients have been diversifying into ETC.
In the short term, the dollar value will directly depend on BTC's behavior, especially to and new year's sellout (book gains on new fiscal year), as it is directly in the middle of the channel, and accumulating above resistance. I expect the move to be sharp, but I am in since quite some time, and if you follow my other ideas, added ETC on dip after banking on ETH and then vice versa (trading ETCETH ), which allowed me to almost double my overall crypto position, split in both without adding any new fiat.
Risk reward is amazing in both BTC and USD value
If you have no position, try adding **slowly** around now, as the buying opportunity has passed and with a stop loss to not hold bags. I expect to see a rerun of my XMR analysis
Next target 0.0053 / around 100$
ETC is finally ripe. Expect a strong move very soon
If both hold (and especially 0.0033), we will see the true movement of ETC.
Invest and half of the swing stack left
Waiting for a better dip to get back in, or if 24$ is broken while btc is stable.
Then sell it at least partially at anything above 30$ to buy back at 24$ once more, and see where the overall market is going
Down from 24 to 17$
Up-Trendline (uptrend channel base) almost touched once more
I am getting my orders ready and switching to lower timeframes.