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Weekly forecast Ethereum Classic technical chart
Symbol ETCUSD

Trading suggestion:

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

DateNovember 26, 2022 - 14:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 12.45, beginning of uptrend is expected.
  • We make sure when the resistance at 45.70 breaks.
  • If the support at 12.45 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 20.58 on 2022-10-13 and the trough at 17.15 on 2022-11-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 17.15 on 11/21/2022, so more gains to resistance(s) 22.25, 26.95, 30.35 and maximum to Major Resistance (45.70) 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 47.

Symbol Released Current Forecast
Ethereum Classic (ETCUSD) Sun, 24 Mar 2024
Ethereum Classic (ETCUSD) Sun, 17 Mar 2024
Ethereum Classic (ETCUSD) Sun, 10 Mar 2024
Ethereum Classic (ETCUSD) Sun, 3 Mar 2024
Ethereum Classic (ETCUSD) Sat, 24 Feb 2024