Technical analysis Ethereum classic. ETC-USD on June 07, 2018

June 7, 2018


As for ETC-USD pair, we are moving inside of the triangle close to its bottom edge, which serves as a good support. In the near future we have a potential to get a bounce and to test upper edge resistance. If we break it, we will have a possibility to go higher. This price range is a good level for opening long-term long positions with target levels of 16.3, 18.5, 20.2 and 23.8-26.0 zone, which is the last possible target in the visible trading range (on the current level of market development). If the support does not hold the market pressure, we should expect the further downtrend movement.


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