The trendline resistance is the only barrier standing between ETC and a breakout. The sellers must defend $4.3 support by all means to avoid losses that could test $4.00 support. Ethereum Classic is among the assets in the green on Thursday. The Asian session was arguably fruitful for ETC as the price jumped above the short term resistance at $4.4. A further push towards the trendline resistance stalled. Instead, XRP adjusted to the current market value of $4.37. The price is doddering below the Simple Moving Averages on the 4-hour chart. The 50 SMA is cementing the sellers’ position at $4.6 while the 100 SMA is holding ground at $4.8. The increasing gap between the indicators shows that sellers still have influence over the price. The full stochastic oscillator has embarked on a journey towards 30. This is after the momentum witnessed in the Asian session fizzled out at 50. If the indicator grinds into the oversold, there is chance that ETC will reverse towards the key support at $4.20 – $4.00. ETC/USD 4-hour chart 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 EUR/USD: Bearish hammer on D1 ahead of ECB minutes FX Street 3 years The trendline resistance is the only barrier standing between ETC and a breakout. The sellers must defend $4.3 support by all means to avoid losses that could test $4.00 support. Ethereum Classic is among the assets in the green on Thursday. The Asian session was arguably fruitful for ETC as the price jumped above the short term resistance at $4.4. A further push towards the trendline resistance stalled. Instead, XRP adjusted to the current market value of $4.37. The price is doddering below the Simple Moving Averages on the 4-hour chart. The 50 SMA is cementing the sellers' position at… 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.
