Ethereum Classic Price Technical Analysis – ETC/BTC Downtrend Intact

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 may remain in a downtrend against the Bitcoin, as even the higher time frame charts are turning bearish at the moment. Key Highlights. Ethereum classic price remained under a lot of bearish pressure against the Bitcoin during the past few weeks. Looking at the 4-hours chart of ETC/BTC (data feed via Simplefx), the pair is under heavy selling pressure, and may extend its downside move. As mentioned yesterday, there is even a chance of a move towards the 0.00100BTC support. Ethereum Classic Price Decline. ETC price was bearish throughout this week against the US dollar....

Ethereum classic price extended its decline below 0.00145BTC, and remained at a risk of a move towards the all-important 0.00140BTC. Key Highlights. Ethereum classic price made yet another down move against the Bitcoin, to trade below yesterday’s low to form a new low of 0.00143BTC. This week’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) stopped the buyers once again from taking the price higher. There are chances of additional losses in the near term as long as the trend line resistance is intact. Ethereum Classic Price Continuing Losses. ETC....

Ethereum Price Key Highlights. Ethereum price has broken above a short-term descending trend line and has been on a steady climb, but it is encountering a bit of resistance at an area of interest. This lines up with the Fib levels and a former consolidation area, which suggests that plenty of limit orders are located there. Ethereum price is still deciding where to go from here, as a selloff could bring it back to the previous lows while an upside breakout could confirm the bull run. Rally Overdone? Technical indicators seem to be suggesting that the rally is overdone, as RSI and....

Ethereum classic price declining streak against the Bitcoin extended, as the ETC/BTC fell below 0.00120. More losses are likely going forward. Key Highlights. Ethereum classic price fell further, and weakened a lot against the Bitcoin. This past week’s highlighted bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx) is still intact and acting as a hurdle. The recent low was 0.00113BTC, which remains at a risk in the short term. Ethereum Classic Price Heavy Losses. No doubt, Ethereum classic price is under heavy selling pressure versus the Bitcoin, as it collapsed....