ETHEREUM CLASSIC PRICE ANALYSIS
There was a major upside move in ETC price recently as it moved above the $22.00 level support against the US dollar. The upside move was strong as the price was able to move above the $25.00 resistance. It settled above the $26.00 level and is currently well above the 100 hourly simple moving average. It formed a high at $29.52 and is currently correcting lower.
At the moment, the price is testing the 23.6% Fib retracement level of the last wave from the $20.54 low to $29.52 high. Moreover, there is a key bullish trend line forming with support at $27.40 on the hourly chart of the ETC/USD pair. The pair is likely to remain in a bullish trend above the $25.00 level. If there is a break below the trend line support at $27.40, it is likely to find bids near $25.50 and $25.00. The stated $25.00 level is near the 50% Fib retracement level of the last wave from the $20.54 low to $29.52 high.
Source:https://www.newsbtc.com
https://steemit.com/cryptocurrency/@rhom82/the-richest-of-the-crypto-world-according-to-forbes
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