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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

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Trading suggestion:

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

DateJune 20, 2021 - 23:36
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 39.00, beginning of uptrend is expected.
  • We make sure when the resistance at 87.01 breaks.
  • If the support at 39.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 83.6160 on 05/26/2021, so more losses to support(s) 47.4275 and minimum to Major Support (39.0000) 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 38.

Supports and Resistances:

  1. 13.1800
Click on the level to view price action history.

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