Altcoins market downturn, outflow of capital, low volume of trading and its regular suspension all these factors provoked credibility crisis that in its turn led to a new period of instability in the market - a crisis of assets. In this sense, the EthereumClassic is no exception, so let's look at the chart to understand what's going on.
TF: 4H
The MACD: With such low volume it's hard to say is it real or false trend on the card, therefore I can only assume that after bullish crossover the price will continue to heading up and will reach the first PT @0.0018 in the near future.
The RSI > 50, the sign of uptrend.
The EMA lines created the channel of the support lines, this is also the sign of the future uptrend.
Bonus 1W TF
TF: 1-Week
The MACD: Bearish, because of the weak trading volume.
The RSI is far from the oversold zone but less than 50.
The EMA is our resistance lines which put pressure on the price.
Conclusion, the weekly TF still doesn't look so attractive as 4H, but it has all chances to change in the coming weeks because the price cannot trade a long time at the major support area @0.0016-0.0017.
ENTER: 0.0017-0.00171
PT: 0.0019-0.002
GL Traders.
TF: 4H
The MACD: With such low volume it's hard to say is it real or false trend on the card, therefore I can only assume that after bullish crossover the price will continue to heading up and will reach the first PT @0.0018 in the near future.
The RSI > 50, the sign of uptrend.
The EMA lines created the channel of the support lines, this is also the sign of the future uptrend.
Bonus 1W TF
TF: 1-Week
The MACD: Bearish, because of the weak trading volume.
The RSI is far from the oversold zone but less than 50.
The EMA is our resistance lines which put pressure on the price.
Conclusion, the weekly TF still doesn't look so attractive as 4H, but it has all chances to change in the coming weeks because the price cannot trade a long time at the major support area @0.0016-0.0017.
ENTER: 0.0017-0.00171
PT: 0.0019-0.002
GL Traders.