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Ethereum Classic Technical Analysis - The price just could not hold above the 5.00 psychological level

  • Ethereum Classic is 5.69% lower as Bitcoin steals the show today.
  • The price looks to be heading to support levels now.
Ethereum Classic Technical Analysis - The price just could not hold above the 5.00 psychological level
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

ETC/USD Daily Chart

Ethereum Classic is struggling today as the price falls 5.69%.

The price failed to reach the 200 daily EMA and found resistance at 5.14.

Now the price is firmly below the 5.00 psychological level.

Looking lower down, the support could come from the 55 EMA or the old resistance of 4.25.

On the 1-hour and 4-hour timeframes we are still in a period of higher highs and higher lows only a break of 4.16 would change the bullish pattern.

Ethereum Classic

Additional Levels

ETC/USD

Overview
Today last price4.7731
Today Daily Change-0.2558
Today Daily Change %-5.09
Today daily open5.0289
 
Trends
Daily SMA204.3565
Daily SMA504.0922
Daily SMA1004.4115
Daily SMA2005.4878
 
Levels
Previous Daily High5.1469
Previous Daily Low4.8539
Previous Weekly High4.8924
Previous Weekly Low4.1882
Previous Monthly High4.8924
Previous Monthly Low3.3917
Daily Fibonacci 38.2%5.035
Daily Fibonacci 61.8%4.9658
Daily Pivot Point S14.8729
Daily Pivot Point S24.7169
Daily Pivot Point S34.5799
Daily Pivot Point R15.1659
Daily Pivot Point R25.3029
Daily Pivot Point R35.4589

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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