Here is a hoe etc could throw 22 %
Here is a hoe etc could throw 22 %
- The price of Ethereum Classic has dropped by 2.5 % in the last 24 hours.
- etc has failed to carry the general market mood that is currently near the $ 20 brand.
- A breakdown in the middle of increased sales could etc/USD by 22 % press low stalls of $ 16.
Ethereum Classic (etc) did not have a good March, as did some of the top cryptocurrencies, including the two top currencies Bitcoin (BTC) and Ethereum (Eth).
as BTC on Thursday with a resistance flirted by $ 29,000 and the ETH price consolidated at $ 1,800, the price of Ethereum Classic seemed to be prepared for new losses at $ 20. Etc is flat in the weekly time frame and negative in the last 30 days.
ETPRISE: Bulls have to hold $ 20 or risk a double-digit decline
The Ethereum Classic priew of the daily chart shows that the ETC/USD couple rejects just over $ 20 in the most important supply zone. The macro downrend remains, since bear bulls push from the resistance line of the long-term symmetrical triangle pattern.
Ethereum classic price diagram. Source: Handelsicht
The daily RSI is almost flat on the center line, which indicates greater indecisiveness. The bulls can use the lack of larger upward movements in the past few weeks to push up.
But the daily MACD does not give the buyers a pleasure, and a collapse of the mood could threaten a dive by 22 % to support the basic line. $
on the upper side would a breakthrough over $ 24 would see the Bulls Eye to $ 30 and then possibly to $ 39, with a large symmetrical triangle outbreak will probably bring $ 75 in the coming months.
Source: Coinlist.me
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