Ethereum Classic (ETC) is currently stuck in a sideways trading period.
However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel.
ETC currently has bullish momentum:
ETC is looking handy at the moment, however if $7.4 USD is not broken then ETC will continue to trade sideways (with a likely move down to the support level shown)
this is NOT financial or investment advice
However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel.
ETC currently has bullish momentum:
- Heikin Ashi - GREEN - BULLISH
- MACD - POSITIVE CROSSOVER - BULLISH
- Descending triangle formation - BULLISH BREAKOUT
- RSI - High value - high interest - BULLISH
- Bollinger Bands - Upper region of bands - positive movement after BB contraction - BULLISH
ETC is looking handy at the moment, however if $7.4 USD is not broken then ETC will continue to trade sideways (with a likely move down to the support level shown)
this is NOT financial or investment advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.