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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.

DateAugust 9, 2022 - 19:51
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.001104, beginning of uptrend is expected.
  • We make sure when the resistance at 0.001824 breaks.
  • If the support at 0.001104 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.001410 on 08/02/2022, so more gains to resistance(s) 0.001650, 0.001749 and maximum to Major Resistance (0.001824) 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 66.

Supports and Resistances:

  1. 0.002308
  2. 0.002094
  3. 0.001967
  4. 0.001824
  5. 0.001749
  6. 0.001650
  7. 0.001495
  8. 0.001268
  9. 0.001104
  10. 0.000916
Click on the level to view price action history.