- 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
|Today last price||4.8547|
|Today Daily Change||-0.1950|
|Today Daily Change %||-3.86|
|Today daily open||5.0497|
|Previous Daily High||5.3022|
|Previous Daily Low||4.4942|
|Previous Weekly High||7.8473|
|Previous Weekly Low||3.2793|
|Previous Monthly High||13.1888|
|Previous Monthly Low||7.1948|
|Daily Fibonacci 38.2%||4.9935|
|Daily Fibonacci 61.8%||4.8029|
|Daily Pivot Point S1||4.5952|
|Daily Pivot Point S2||4.1408|
|Daily Pivot Point S3||3.7873|
|Daily Pivot Point R1||5.4032|
|Daily Pivot Point R2||5.7566|
|Daily Pivot Point R3||6.2111|
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