Technical analysis Ethereum Classic. ETC-BTC on May 12, 2018

ETC

We have tested the long-term support level at 0.00190 and on 3 days timeframe the asset looks ready to continue the fall. On 2 hours timeframe we can notice the formation of the symmetrical triangle in the downtrend, which also indicates the possibility of a fall if we have this scenario implemented we can touch 0.00190 again after which we will start to form the uptrend movement. In general, most of the alts’ markets are ready to bounce, as for Ethereum Classic we recommend to wait for the exit from the pattern in order to understand the further price movement direction.