Author Topic: Ethereum Classic (ETC) Long Term Price Forecast- February 9  (Read 543 times)

Offline BitcoinExchangeGuide

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Ethereum Classic (ETC) Long Term Price Forecast- February 9
« on: February 10, 2019, 03:45:06 PM »
ETC/USD Long-term Trend: Bearish.

?   Resistance levels: $8, $10, $12
?   Support levels: $5, $3, $1.

The ETC/USD pair had been in a bearish trend zone since January 7.  On January 7, the bears broke the 12-day EMA, the 26-day EMAs and price fell to the low of $4. 98.  The crypto?s price further depreciated to the low of $4. 27 to commence a range bound movement.  The crypto?s price fluctuated at this price level until when resisted by the 12-day EMA and it fell to the low of $3. 97.  On February 8, at the low of $3. 87, the bulls broke the 12-day EMA but were resisted at the 26-day EMA.

Today, the ETC price is currently trading at $4. 40 as at the time of writing.  Meanwhile, the crypto?s price is below the 12-day EMA and the 26-day EMA which indicates that  price is in the bearish trend zone.  The stochastic is out of the oversold region but above the 20% range which indicates that the ETC price is in a bullish momentum and a buy signal.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide. com and do not constitute financial advice.  Always do your own research.

            
Source: www. bitcoinexchangeguide. com

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Ethereum Classic (ETC) Long Term Price Forecast- February 9
« on: February 10, 2019, 03:45:06 PM »

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