Ethereum Classic Price Technical Analysis – ETC Narrowing Range

BitsPlan

Key Highlights

  • Ethereum classic price remained in a tight range versus the Bitcoin with almost no major move.
  • There is a tiny bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is currently acting as a resistance.
  • The best part is the fact that the ETC bulls are still able to hold the 0.00182BTC support.

Ethereum classic price remained above the 0.00182BTC support area against Bitcoin, which exposes it for a break moving ahead.

Ethereum Classic Price Break

Ethereum classic price is like do not want to make any move. It remained above a major support area of 0.00182BTC against Bitcoin. There was no downside break, and there was no upside move. It looks like ETC price is mostly trading in a range, and we may continue to see tiny swing moves. As long as the price is above the 0.00182BTC support, there is a chance of a small upside move.

On the upside, there is a tiny bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx). It can be seen as an initial resistance along with the 23.6% Fib retracement level of the drop from the 0.00194BTC high to 0.00182BTC low. The price

Read more ... source: NewsBTC USA

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