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Ethereum Classic Price Analysis: ETC/USD moves into a consolidation pattern

  • Ethereum is 165% higher on the year and it has now moved into a consolidation zone.
  • On the 4-hour chart there is a pattern break retest which indicates the price could move lower.
Ethereum Classic Price Analysis: ETC/USD moves into a consolidation pattern
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETC/USD 4-hour chart

Ethereum Classic is trading 3.37% lower on Thursday.

The price has now moved into a pretty big consolidation zone between 11.000 and 13.170.

A break of the 11.000 level could indicate more bearishness on the horizon.

The volume on the chart is moving lower. This suggests that the move lower could be a short term move.

If the support level breaks then the next level on the way down would be 9.5000.

Ethereum Classic

Additional Levels

ETH/USD

Overview
Today last price264.64
Today Daily Change-1.73
Today Daily Change %-0.65
Today daily open266.37
 
Trends
Daily SMA20197.12
Daily SMA50166.38
Daily SMA100161.76
Daily SMA200175.96
 
Levels
Previous Daily High275.64
Previous Daily Low237.67
Previous Weekly High224.35
Previous Weekly Low179.06
Previous Monthly High186.73
Previous Monthly Low125.81
Daily Fibonacci 38.2%261.14
Daily Fibonacci 61.8%252.17
Daily Pivot Point S1244.14
Daily Pivot Point S2221.92
Daily Pivot Point S3206.17
Daily Pivot Point R1282.11
Daily Pivot Point R2297.86
Daily Pivot Point R3320.08

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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