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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.

DateJanuary 16, 2022 - 12:20
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 trough is formed in daily chart at 0.0006750 on 01/10/2022, so more gains to resistance(s) 0.0007800, 0.0011970, 0.0012680 and maximum to Major Resistance (0.0017490) 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 54.

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.

Symbol Released Current Forecast
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