Ethereum Classic Price Technical Analysis – Trend Line Resistance
Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
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Ethereum classic price struggle continued during the past 24 hours against Bitcoin. More losses ahead in the ETC/BTC pair? Key Highlights. Ethereum classic price continued to dive against Bitcoin and traded as low as 0.00258BTC. This week’s highlighted crucial bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still in play and acting as a resistance. The price may correct a few pips lower in the short term, but remains in a downtrend. Ethereum Classic Price Resistance. Ethereum classic price ETC remained under a lot of bearish pressure against Bitcoin, and there....
Ethereum classic price attempt to recover versus Bitcoin failed, as the price remained under a major resistance area of 0.00205BTC. Key Highlights. Ethereum classic price after a decline against Bitcoin attempted a recovery, but failed near 0.00205BTC. There is a new bearish trend line forming on the hourly chart of ETC/BTC (data feed via Simplefx), which is acting as a resistance. The price remains at a risk of more declines in the near term as long as it is below the 100 hourly simple moving average. Ethereum Classic Price Decline. Ethereum classic price managed to correct a few points....
Ethereum classic price is facing sellers on the upside versus Bitcoin, and it looks like ETC may decline further in the near term. Key Highlights. Ethereum classic price continues to remain under pressure versus Bitcoin and may head down. Yesterday’s highlighted bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx) continued to act as a resistance. There is a possibility of a test of 0.0020BTC in the near term in ETH/BTC. Ethereum Classic Price Resistance. Ethereum classic price yesterday made one more attempt to recover against Bitcoin, but it failed. My....
Ethereum classic price remained in a downtrend versus BTC, and it looks like there is a lot of risk at the moment for more losses in ETC. Key Highlights. Ethereum classic continued to face selling pressure versus Bitcoin and may trade further down. There is a bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is acting as a resistance. A break below 0.0030BTC may push the price towards the last swing low of 0.0026BTC. Ethereum Classic Price Resistance. Ethereum classic price ETC struggle continues, as it failed to find buyers versus Bitcoin. There is a....
Ethereum classic price moved down below 0.00260BTC and currently recovery. However, it remains below an important resistance of 0.0030BTC. Key Highlights. Ethereum classic price continued to weaken and formed a new low for the week against Bitcoin. This week’s highlighted connecting bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) continue to act as a barrier and preventing gains. The price may remain under a bearish pressure as long as the highlighted trend line resistance holds. Ethereum Classic Price Resistance. Ethereum classic price moved down further versus....