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Weekly forecast Ethereum Classic / Bitcoin technical chart
Symbol ETCBTC

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateOctober 16, 2021 - 23:57
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0005784, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0017495 breaks.
  • If the support at 0.0005784 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.0014950 on 09/06/2021, so more losses to support(s) 0.0007970 and minimum to Major Support (0.0005784) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 27.

Supports and Resistances:

  1. 0.0031587
  2. 0.0025649
  3. 0.0023083
  4. 0.0020941
  5. 0.0019667
  6. 0.0018236
  7. 0.0017495
  8. 0.0016496
  9. 0.0014954
Click on the level to view price action history.

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