country flagالعربية
0

Ethereum classic Technical Analysis | 27 February 2018

2018-02-27 06:09 am | Resource: Technical Analysis Section | No Views : 398

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

Other analysis

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.