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Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been...

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Ethereum Classic (ETC) Retraces Below 21 Week EMA As Rally Comes To A Halt

Ethereum Classic (ETC) is down more than 87% from its all-time high. The recent rally has got a lot of traders excited about the next bull run but the weekly chart for ETC/USD shows that the price is not out of the woods yet. In fact, the rejection that ETC/USD faced at the 21 week EMA has now seen the price decline sharply. If the price ends up closing the week below this level, we might have a strong signal for further downside. The Stochastic RSI for ETC/USD on the weekly time frame has never been this overbought since the...

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Ethereum Classic (ETC) Tests Previous Trend Line Resistance As Strong Support

Ethereum Classic (ETC) has just tested the previous trend line resistance as a strong support and bounced off it starting the day with an almost 4% gain. The daily chart for ETC/USD shows that the price still has plenty of room to rally towards the 200 day moving average which means we could see a price of $6 per coin or higher before the next major decline. Ethereum Classic (ETC) has seen its fair share of negative developments in the recent past but that does not seem to have deterred investors from investing in this promising blockchain project. Recently, Anthony...

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Ethereum Classic (ETC) Breaks Critical Resistance, Price Continues To Rally

Ethereum Classic (ETC) has broken past a critical trend line resistance and is now rising on bad news. That’s right, bad news! The cryptocurrency seems to be completely unaffected by the departure of a high profile developer, Anthony Lusardi of ETC Cooperative. We at Crypto Daily have interviewed Anthony Lusardi in the past. He has been very keen to see the project succeed. However, he recently announced his departure due to “burnout and social media FUD”. The price has reacted in a completely strange way as if the departure had a positive impact on the future of the Ethereum Classic...

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Ethereum Classic (ETC) Runs Into Trend Line Resistance, Sharp Decline Expected

Ethereum Classic (ETC) is once again on the verge of a sharp decline as the price has run into a major trend line resistance and already faced a strong rejection. This means that ETC/USD can be expected to decline to the 50 day moving average in the days ahead. The Stochastic RSI favors a move to the downside as well. We have seen ETC/USD perform better compared to most altcoins during the past few weeks. The price has still not tested the 38.2% Fib extension level for the second time but it is likely to decline without doing that. For...

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