Ethereum Classic Price Analysis: ETC finds some support at the intraday trendline

By March 21, 2020Ethereum
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  • After a choppy session, Ethereum Classic trades 4% lower on Friday.
  • The pair broke lower but found support at the intraday trendline.

ETC/USD 30-minute chart

Ethereum Classic has had a very choppy session on Friday. at 8am London time the price hit a high of 5.53 but could not keep hold of the gains above 5.50. Then the sellers came in and dragged the price down to 4.42 at 8.30pm London time. Since then the buyers have brought the price back up above the black trendline but once again 5.00 was a step too far.

The MACD histogram is below the zero line, along with the signal lines. The price is also under the moving average (55 SMA) which is another bearish sign. Interestingly, something about the chart still looks bullish. The market has made a lower high and lower low wave but the base still looks strong and may hold. The key resistance is still 5.50 while support is holding at 4.47

Ethereum classic support levels

Additional levels

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The pair broke lower but found support at the intraday trendline.

ETC/USD 30-minute chart Ethereum Classic […]

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