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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.

DateDecember 5, 2021 - 21:51
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.0005780, beginning of uptrend is expected.
  • We make sure when the resistance at 0.0017490 breaks.
  • If the support at 0.0005780 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.0009600 on 11/09/2021, so more losses minimum to Major Support (0.0005780) 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 33.

Supports and Resistances:

  1. 0.0023080
  2. 0.0020940
  3. 0.0019670
  4. 0.0018240
  5. 0.0017490
  6. 0.0016500
  7. 0.0014950
Click on the level to view price action history.

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