Posted on 1 Comment

Ethereum Classic Analysis: Market Outlook for the Rest of 2018

A 1 hour time frame candlestick chart is used to carry out today’s Ethereum Classic analysis with coverage starting from December 7 2018 to current date.

Trendlines 1 and 2 are drawn on the chart with Trend line 2 closely tracking price action than trendline 1. Check out trend lines used with advanced market structured analysis here for Bitcoin (BTCUSD).

Ethereum classic price prediction 2018

Any retracement in price is expected to find support at Trendline 2, while price action breaking below the trendline is bearish, and next support expected between ~$4.63 and $4.44.

Support at Trendline 1 is anticipated if price closes below the lower region of support (i.e. $4.44).

Conservative bullish entry into a long (buy) position involves buying Ethereum Classic on a breakout above the $5.89 high made on December 27, 2018.

Sign up now  for full access to our premium research and analysis to learn more about  Ethereum Classic price analysis , forecast, other Cryptocurrencies and Foreign Exchange (FX) pairs.

Interested in IOTA market Analysis (IOTUSD)? Checkout our previous free blog post here.


1 thought on “Ethereum Classic Analysis: Market Outlook for the Rest of 2018

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.