Ethereum Classic Price Technical Analysis – ETC Downside Initiated

Ethereum classic price remained under the bearish pressure, and the downside pressure initiated yesterday got more traction intraday. Key Highlights. Ethereum classic price extended its downside move, which was initiated yesterday against the Bitcoin. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Simplefx) of ETC/BTC, acting as a resistance area. On the downside, the recent low of 0.00112BTC may act as a support area in the short term. Ethereum Classic Price Decline. I highlighted in yesterday’s post how a bearish trend was initiated for ETC price versus the....

Ethereum classic price started moving higher against the Bitcoin to trade as high as 0.00145BTC before starting a correction. Key Highlights. Ethereum classic price started recovering this past week against the Bitcoin, and moved above 0.00120BTC. There is now a bullish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which may act as a support on the downside. The price is currently correcting lower, but remains supported on the downside. Ethereum Classic Price Trend Line Support. I highlighted this past week that ETC price may have started a recovery phase. The....

Ethereum classic price may have tempted a few investors, but in my view, it must get stable first before putting money into it. Key Highlights. Ethereum classic is making a lot of noise from the past couple of days, as there were a few swing moves in ETH/BTC. The ETC/BTC price went from a low of 0.0006BTC to 0.0048BTC high, but failed to retain traction. There was a contracting triangle pattern formed on the 30-min charts of ETH/BTC, which was cleared to open to the doors for a downside move. Ethereum Classic Price Sell. Ethereum classic price ETC was in the news recently for many reasons.....

Ethereum classic price is under renewed selling pressure, and it looks like it won’t be easy for the ETC buyers to attempt a correction. Key Highlights. Ethereum classic price extended its downside move against the Bitcoin, and may trade towards 0.00115BTC. Yesterday’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still active on the upside to act as a resistance. If there is a minor rise in the short term, then the ETC sellers may appear on the upside. Ethereum Classic Price Resistance. ETC price failed to gain any sort of bids against the....

Ethereum price after trading a few points above $11.20 struggled against the US Dollar, and now ETH/USD has started a correction wave. Key Highlights. ETH price after a nice upside move against the US Dollar found resistance near $11.22, and started a correction. There is a descending channel pattern formed on the hourly chart of ETH/USD (data feed via SimpleFX), which is acting as a downside move catalyst. The price may dip towards $10.90 before gaining bids once again for an upside move. Ethereum Price Trend. There was a nice uptrend initiated in ETH price against the US Dollar, as there....