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Ethereum Classic is testing a intraday technical level

  • Ethereum Classic is coming back to test a technical level on the hourly chart.
  • ETC/USD is one of the better performing cryptocurrencies today up 0.50%.
Ethereum Classic is testing a intraday technical level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

On the hourly chart below you can see the ETC/USD pair is testing the apex where two trendlines meet.

The price broke higher earlier in the session and now is testing the break as is often the case.

The volume profile indicator on the right-hand side of the chart is showing ETC/USD is holding above the area were mosts contracts had been exchanged.

The 5.000 level is set to be a tough hurdle to jump over but the price is still in an uptrend on the hourly chart.

The daily chart, however, is still showing the price is still trending lower and the main resistance is higher up at 5.250.

Ethereum Classic Analysis

ETC/USD

Overview
Today last price4.8655
Today Daily Change0.0399
Today Daily Change % 0.83
Today daily open 4.8256
 
Trends
Daily SMA204.6114
Daily SMA505.0279
Daily SMA1005.6382
Daily SMA2006.4473
 
Levels
Previous Daily High4.9812
Previous Daily Low4.7004
Previous Weekly High5.0081
Previous Weekly Low4.03
Previous Monthly High5.2376
Previous Monthly Low4.03
Daily Fibonacci 38.2%4.874
Daily Fibonacci 61.8%4.8077
Daily Pivot Point S14.6903
Daily Pivot Point S24.555
Daily Pivot Point S34.4095
Daily Pivot Point R14.971
Daily Pivot Point R25.1165
Daily Pivot Point R35.2518

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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