Today's Hot Topics

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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Ethereum Classic (ETC) Poised For A Rally Past $5 As Price Holds 50 Day MA

Ethereum Classic (ETC) has once again demonstrated a lot of strength as the price has held strongly above the 50 day moving average. In fact, as the daily chart for ETC/USD shows, we have seen a rally to the upside the past 48 hours. This rally is likely to continue towards the top of the symmetrical triangle in the days ahead. Like most other cryptocurrencies, Ethereum Classic (ETC) has also neared overbought territory on the weekly time frame and the price will soon have to come crashing hard after a short term rally to the upside. The next decline in...

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