Ethereum Classic Came Into Today Up 0.6%

The Hourly View for Ethereum Classic

  • At the time of this writing, ETC’s price is up $0.16 (0.53%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum Classic’s hourly price chart is shown below.

ETC

The Daily View for Ethereum Classic

  • At the time of this writing, ETC’s price is up $0.18 (0.6%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between ETC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ETC’s price.

Below is a daily price chart of Ethereum Classic.

ETC

Featured Ethereum Classic Commentary From Twitter

We need to slow everything the fuck down. People are paying up for things right now that will 100% cause the next crisis. Thats already a for sure.

There is sooo much money sloshing around, we have to invent new things daily to invest in. Shitcoins, NFTs, etc etcNA

ag_trader