Ethereum Classic (ETC) struggles to report any bullish rise

in #gjdkhls • 2 years ago

Looking at the price action over the last few days, it is clear that ETC is trading in a symmetrical triangle. This means that the coin is swinging between support and resistance in almost the same breath. So, even if ETC somehow manages to move upwards, the currency will probably return to $ 28 and return to $ 25 support.

This is why we feel that there is very little bullish momentum at the moment. But even with this symmetrical triangle, ETC is still extremely risky for selling pressure. In fact, with the current market volatility, it would be unreasonable to expect ETC to hold $ 25 support in the coming days. As a result, we believe that the only way to break a symmetrical triangle is if the ETC moves in a downward trend.

#epkdh #ybdt
2 years ago in #gjdkhls by
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