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Ethereum classic Technical Analysis | 27 February 2018

2018-02-27 06:09 am | Resource: Technical Analysis Section | No Views : 606

Ethereum classic Technical Analysis | 27 February 2018 During the last half of last week, the digital currency Ethereum Classic (ETC) broke the bullish trend line as bulls weakened and the currency broke the $ 35.88 support area.
The Ethereum Classic encrypted currency is trading in a minor bearish direction over the 4 hour interval.
Ethereum classic Technical Analysis | 27 February 2018
The simple moving average and the slow moving average are intertwined with the movement of the digital currency, so their signal is currently neutral.
 Momentum Relative Strength has breached the bearish trend line during yesterday's trading and it has breached the 50 area indicating that the bulls are back to control the currency and may signal the breach of the bearish trend line on the encrypted currency.
It is expected that, in the event of a break of the default currency of the Ethereum Classic area of $ 38.78, the target area of 48.67 could target the harmonic pattern of Crab that we pointed out during a previous report but, in the case of a break of 33.42 might target areas of 28.89.
Support: 30.30- 27.26 - 21.79
Resistance: 35.88 - 46.09 - 50
Trend: Down

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