Wednesday, 8 January 2020

Ethereum Classic Technical Analysis: Price Consolidates in the EU/US Session

By Rajan Dhall, MSTA


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  • 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.

    Read the Whole Story on FxStreet

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