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Ethereum Classic: After flipping a 14-month support, here’s what to look out for in ETC

From ambcrypto.com

Ethereum Classic (ETC) has been on a swift withdrawal phase after reversing from its year-long trendline resistance near the $52-mark. After puncturing through some vital price ranges, the altcoin flipped its 14-month support to resistance (white) amidst the market-wide sell-off. The immediate support at the $17.5 did hold up the recent drop. Any close below this level could delay the revival that may be due for the alt in the coming sessions. AT press time, ETC traded at $18.42, down by 9.17% in the last 24 hours. {chart} The falling wedge (white) decline saw a whopping 35.1% fall over the last four days. The ... (full story)

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  • Category: Technical Analysis