Hello, Traders!
Monfex is at your service and today we overview ETC/USD.
For now Ethereum Classic has the bearish divergence with RSI that can tell us about nearest target - the support zone.
First scenario:
After reach the support zone ETC will bounce up from it and break the resistance line with goal of ex-support line and MA200 also will be there.
Active...
ETC/USD looks like its completed its 3rd & 4th large degree wave, and is ready for one more leg up to complete the 5th.
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BTC: 1LCayhGfdzsNP9M5227LyE28FKed4thEsB
LTC: LaPLQ6JoiqrxYED9FBNVphyApAhpW4Yw3R
ETH: 0x1Ec59747Ff307FaA71de070A3914e9afFbac7424
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. Price is in the support zone (14.0 to 12.0), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term...
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support...
Technical analysis:
. ETHEREUMCLASSIC/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (17.0 to 13.0). if so, traders can set orders based on...
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