ETC/USD extends Saturday’s bounce amid fresh bid-wave. The coin charts symmetrical triangle breakout on hourly sticks. 200-HMA offers immediate resistance after the sharp pullback. The pullback in Ethereum Classic (ETC/USD) from $6.8844 appears to have gathered steam this Sunday, as the coin sees a rapid rise to the intraday highs above $7.15. The price picked-up bids right after the bulls took out the powerful resistance at $6.93, the convergence of the 21 and 50-hourly Simple Moving Averages (HMAs). The sharp rally, however, came on the back of the symmetrical triangle breakout on the hourly chart above the key resistance at $6.9606. The hourly Relative Strength Index (RSI) spiked towards the overbought region, now trading near 69.0. On its relentless rise, the ETC bulls ripped through the bearish 100-HMA at $7.0586. The further upside now remains capped by the horizontal 200-HMA at $7.1885. A break above which the $7.20 level will be tested. The August 7 high of $7.2618 could be next on the buyers’ radar. If the bulls face rejection at the 200-HMA barrier, the price could drop back towards the resistance-turned-support at 100-HMA. The next support is aligned at the falling trendline (pattern) resistance now support at $6.9548. ETC/USD: Hourly chart ETC/USD: Additional levels to consider FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD Forecast Aug. 10-14 – Pound rally comes to halt Kenny Fisher 2 years ETC/USD extends Saturday’s bounce amid fresh bid-wave. The coin charts symmetrical triangle breakout on hourly sticks. 200-HMA offers immediate resistance after the sharp pullback. The pullback in Ethereum Classic (ETC/USD) from $6.8844 appears to have gathered steam this Sunday, as the coin sees a rapid rise to the intraday highs above $7.15. The price picked-up bids right after the bulls took out the powerful resistance at $6.93, the convergence of the 21 and 50-hourly Simple Moving Averages (HMAs). The sharp rally, however, came on the back of the symmetrical triangle breakout on the hourly chart above the key resistance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
