The Ethereum Classic price has exploded higher by almost 50% in 24 hours. As a result, ETC's technicals have swung from bearish to positively delightful.
Not only has, a double-bottom formed, the 50, 100, and 200-day moving averages have been left for dust.
Furthermore, the impulse move higher has cleared the resistance of a strong downtrend. Additionally the Ethereum classic price has regained it long-term uptrend.
As long as ETC sustains the $53.40 level, it should easily achieve 45% from here.
TP target: $84.00
SL: tight, and below $53.40 on a daly close basis
Not only has, a double-bottom formed, the 50, 100, and 200-day moving averages have been left for dust.
Furthermore, the impulse move higher has cleared the resistance of a strong downtrend. Additionally the Ethereum classic price has regained it long-term uptrend.
As long as ETC sustains the $53.40 level, it should easily achieve 45% from here.
TP target: $84.00
SL: tight, and below $53.40 on a daly close basis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.