Ethereum Classic’s Cold Streak: Down 4 of the Past 5 Days

The Hourly View for Ethereum Classic

  • At the time of this writing, ETC’s price is up $0.23 (1.66%) from the hour prior.
  • Ethereum Classic has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly 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.

Ethereum Classic’s hourly price chart is shown below.

ETC

The Daily View for Ethereum Classic

  • Currently, ETC’s price is down $-0.62 (-4.25%) from the day prior.
  • Ethereum Classic has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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 Idea From TradingView

Below is a trading comment entitled ETH WEEKLY REVIEW / BEARISH? BULLISH POTENTIAL? you may find interesting:

The chart is on the daily: We are coming to a critical level for the crypto market in total. etc will gain a positive movement to the resistance level . If ETH goes over resistance, we are looking at a new beginning for a bull run. If ETH backtests back dow under resistance, we are still in the bear market. Lets see if ETH can outperform the great BTC. Trade responsibly and do your research traders! Cheers!

Esson_invest