Ethereum Classic got a big hit from the recent market correction,going from an All Time High(ATH) of 47.159($) dollars down to 21.875($) dollars.
The market has bearish signal with Rsi looking weak and Macd downtrending.
The price having pressure from the downtrend black line will probably stay between the green uptrend lines until the market bounces back.
Placing buying orders at 22-24($) dollars range with Stop Orders at 18($) dollars.
Profit targets are for short term at 30-32($) dollars range and for longer term at around the All Time High range (45-47($) dollars range)
The market has bearish signal with Rsi looking weak and Macd downtrending.
The price having pressure from the downtrend black line will probably stay between the green uptrend lines until the market bounces back.
Placing buying orders at 22-24($) dollars range with Stop Orders at 18($) dollars.
Profit targets are for short term at 30-32($) dollars range and for longer term at around the All Time High range (45-47($) dollars range)
Comment:
The 45 minute and 1 hour chart are looking bullish with Macd reversing and Rsi on an upward movement,now at 27 dollars its actually a pretty decent buy-in point for short term.
Comment:
32($) dollars target reached