ETC [EthereumClassic]: Gauging potential targets of this bullish pattern's breakout
Over the last month, Ethereum Classic [ETC] witnessed no bounds to its growth that extended from the $13-mark. This buying comeback positioned the altcoin near the upper band of the Bollinger Bands and reaffirmed the one-sided buying edge.
The rebound from the $13.6 level laid the foundation for a whopping 217% ROI until press time. Naturally, the basis line and the near-term EMAs kept looking north to reflect the increasing buying pressure. With the $47-$49 range resistance standing sturdy, reversals from this level could induce a near-term slowdown.
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Ethereum Classic holders trading breakouts can look at these metricsEthereum Classic [ETC] bulls are already showing signs of momentum weakness, after dominating especially in the second half of July. The coin after peaking at slightly above $45, retraced below $40. It is now showing signs of more downside and here’s why. A strong pullback was inevitable after the strong rally that Ethereum Classic delivered […]
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