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Ethereum Classic Technical Analysis: Pattern break could force price higher

  • Ethereum Classic is one of the outperformers today in the major coins.
  • The pattern break could indicate that higher prices may be on the way.

Ethereum Classic 60-Minute Chart

The 60-minute ETC/USD chart below shows the price has broken out from the trendline.

There have now been a few higher lows and higher highs on the chart now.  

The 3.928 is now the resistance level bulls have to take out.

The daily chart is still in a firm downtrend and there is a lot to do to change that situation with the major resistance holding at 4.060.

Ethereum Classic analysis

Ethereum Classic Additional Levels

 

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