ETHEREUM CLASSIC Market Update : Bullish or Bearish ? – ETC PRIC PREDICTION – ETC NEWS

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Ethereum Classic etc Technical Analysis-Ethereum Classic Price Prediction- ETC PRICE PREDICTION-ETC ANALYSIS – ETHEREUM CLASSIC Market Update : Bullish or Bearish ? :

In upcoming Ethereum Classic videos, we delve into Elliott Wave analysis and technical indicators. This video focuses on a technical examination of Ethereum Classic’s current market conditions.
Bullet Points:
Ethereum Classic’s Elliott Wave Analysis: Explore the application of Elliott Wave analysis to Ethereum Classic’s price trends.
Weekly Timeframe: On the weekly timeframe, there are no significant developments in the RSI (Relative Strength Index), but the MACD (Moving Average Convergence Divergence) signals a bearish trend. This bearish sentiment is reinforced by the Stochastic RSI’s sell signal.
Daily Timeframe: While the MACD indicates a buy signal in the daily timeframe, it’s essential to exercise caution, as the Stochastic RSI still shows a sell signal. Monitor closely as a reversal in the coming days could trigger a MACD sell signal.
Key Technical Levels: Ethereum Classic maintains a strong support range between $11.5 to $14.5. Preserving this support is crucial; a breakdown could lead to a potential 30% to 40% drop, with a target around $8..

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