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Ethereum Classic Technical Analysis: The ETC/USD price consolidates in the EU/US session

  • Ethereum Classic is trading 1.18% lower after the recent crypto gains take a breather.
  • The price is heading to the 55 EMA which has been used as support in the past.

ETC/USD 4-Hour Chart

The 4-hour chart below shows that the price of ETC/USD is consolidating following recent gains.

The price has made a lower high wave and now the previous wave low of 4.71 is under threat.

There are a few things in the way of support nearby.

The 55 EMA has acted as support in the past on the chart and there is a trendline close to price too.

Beyond that, the next major psychological level is 4.00.

Ethereum Classic

Additional Levels

ETC/USD

Overview
Today last price4.8212
Today Daily Change0.0005
Today Daily Change %0.01
Today daily open4.8207
 
Trends
Daily SMA204.4087
Daily SMA504.1008
Daily SMA1004.414
Daily SMA2005.4677
 
Levels
Previous Daily High5.0689
Previous Daily Low4.7247
Previous Weekly High4.8924
Previous Weekly Low4.1882
Previous Monthly High4.8924
Previous Monthly Low3.3917
Daily Fibonacci 38.2%4.8562
Daily Fibonacci 61.8%4.9374
Daily Pivot Point S14.6739
Daily Pivot Point S24.5272
Daily Pivot Point S34.3297
Daily Pivot Point R15.0182
Daily Pivot Point R25.2156
Daily Pivot Point R35.3624

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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