Ethereum Classic Price Technical Analysis – ETC/BTC Remains In Trouble

Ethereum Classic Price Technical Analysis – ETC/BTC Remains In Trouble

Key Highlights Ethereum classic price failed to recover yesterday against the Bitcoin and declined below 0.00100BTC. This is a contracting triangle pattern formed on the hourly chart (data feed via Simplefx) of ETC/BTC, which may provide us the next break. The price is at a major risk of additional downsides, and may even break the last low of 0.00092BTC. Ethereum classic price is all bearish versus the Bitcoin, and it looks like the ETC/BTC pair is setting up for a new low in the short term. Ethereum Classic Price New Low ETC price not even made any attempt to correct higher yesterday versus the Bitcoin, and moved down. There was a close below 0.00100BTC, as it acted as a resistance and pushed the price down. The 100-hourly simple moving average acted as a...

Ethereum Classic Price Technical Analysis – ETC/BTC Now Below 0.00100BTC

Ethereum Classic Price Technical Analysis – ETC/BTC Now Below 0.00100BTC

Key Highlights Ethereum classic price finally made a new low and broke the most awaited target of 0.00100BTC. This is a new bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC, which is currently acting as a resistance. The price is also below the 100 hourly simple moving average, which is acting as a hurdle for the buyers. Ethereum classic price moved below the 0.00100BTC support area, and currently recovering. Can ETC/BTC gain further in the short term? Ethereum Classic Price Resistance ETC price finally moved down and created a new monthly low versus the Bitcoin. I was looking for a move towards 0.00100BTC this past week, and the price finally tested it. It not only tested it, but also broke it for a downside move. There was a new...

Ethereum Classic Price Technical Analysis – ETC/BTC Almost Tested 0.00100BTC

Ethereum Classic Price Technical Analysis – ETC/BTC Almost Tested 0.00100BTC

Key Highlights Ethereum classic price extended its downside move, and almost tested our long waited target of 0.00100BTC. Yesterday’s highlighted bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC acted as a resistance at 0.00108BTC and pushed the price down. The price remains at a risk of more declines in the short term as long as below 0.00108BTC. Ethereum classic price declined towards 0.00100BTC, and it looks like the bearish pressure on ETC/BTC is here to stay. Ethereum Classic Price Decline ETC price failed to recover intraday against the Bitcoin and the US Dollar, and declined further. There was a minor rise in ETC/BTC towards the 0.00106-108BTC levels where the sellers appeared and protected an upside move. The best part was...

Ethereum Classic Price Technical Analysis – ETC/BTC Downtrend Intact

Ethereum Classic Price Technical Analysis – ETC/BTC Downtrend Intact

Key Highlights Ethereum classic price traded further lower against the Bitcoin and broke the last low of 0.00106BTC. The price is currently recovering, but facing sellers near a bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC. A break above it may initiate further recovery in ETC in the short term. Ethereum classic price formed yet another low against the Bitcoin, and it looks like ETC/BTC downtrend is still intact. Ethereum Classic Price New Low ETC price continued to trade lower against the Bitcoin, and also broke yesterday’s low of 0.00106BTC. A new low was formed in ETC/BTC at 0.00104BTC, as the price attempted a move towards 0.00100BTC. There was a consolidation phase earlier, which later paved the way for another decline in...

Ethereum Classic Price Technical Analysis – ETC/BTC Trend Bearish

Ethereum Classic Price Technical Analysis – ETC/BTC Trend Bearish

Key Highlights Ethereum classic price remained under heavy selling pressure and traded as low as 0.00106BTC. The 4-hours (data feed via Simplefx) of ETC/BTC clearly suggests a bearish trend with many resistances on the upside. The most important hurdle on the upside is near 0.00115BTC, followed by 0.00121BTC. Ethereum classic price may continue to weaken, and the 4-hours chart of ETC/BTC points a break down if the bulls do not appear soon. Ethereum Classic Price Decline There was a minor recovery in ETC price against the Bitcoin yesterday, but the price could not retain the momentum. There was a move towards the 0.00114BTC where the sellers appeared and defended the upside move. The stated level also represented the 38.2% Fib retracement level of the last decline...