Failure to extend the gains higher above $5.00 has led to the formation of a double-top pattern. The short-term outlook shows that ETC/USD is bearish. Ethereum Classic is among the daily biggest single-digit gainers as traders usher in the weekend trading session. The gains come after the declines that swept across the market yesterday. ETC/USD has from March 15 traded higher highs and higher lows. However, the bullish momentum fizzled out at $4.9 on Thursday 21. The short-lived trend paved the way for the bears as they increased their entries leading to a slide that tested $4.55. The buyers did not, however, stay down for long as they staged a reversal that broke above $5.0 for the first time in March. According to the data provided by FXStreet cryptocurrency live rates, ETC/USD has added 2.82% to its value to exchange hands at $4.95. Failure to extend the gains higher above $5.00 has led to the formation of a double-top pattern. This pattern is considered as a bearish pattern and mostly signifies a trend reversal. Therefore, we can expect Ethereum Classic to trim the gains in reaction to the pattern. The short-term outlook shows that ETC/USD is bearish. However, considering the signals from indicators like the RSI and the MACD, the buyers still have control. 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 Litecoin Technical Analysis: LTC/USD bears failed to go in for the kill FX Street 4 years Failure to extend the gains higher above $5.00 has led to the formation of a double-top pattern. The short-term outlook shows that ETC/USD is bearish. Ethereum Classic is among the daily biggest single-digit gainers as traders usher in the weekend trading session. The gains come after the declines that swept across the market yesterday. ETC/USD has from March 15 traded higher highs and higher lows. However, the bullish momentum fizzled out at $4.9 on Thursday 21. The short-lived trend paved the way for the bears as they increased their entries leading to a slide that tested $4.55. The buyers did… 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.