Nov 24, 2020
đHuobi x CoinMarketCalđA Coin To Keep An Eye On-ETC!
đšWhat is Ethereum Classic ETC?
Ethereum Classic is a decentralized computing platform that executes smart contracts. Applications are run exactly as programmed without the possibility of censorship, downtime, or third-party interference.
Ethereum Classic is a distributed network consisting of a blockchain ledger, native cryptocurrency (ETC), and a robust ecosystem of on-chain applications and services. [Source https://ethereumclassic.org/]
đ Upcoming Event:â Ethereum Classic is preparing for the Thanos hard-fork expected at block 11_700_000 or around November 28th, 2020.â from www.coinmarketcal.com.
đAnalysis
ETCâs brief accumulation below the November open exploded upward during the last several weeks before tapping resistance around the weekly level at $6.8793.
Aggressive bulls have found some support near $6.0439, although it remains to be seen whether this level will hold longer-term. The previous swing highs near $5.73 provide a safer entry. However, Sundayâs wick into this support may have been the last stop before challenging the next resistance.
A small gap between the daily candles near $5.2195 provides the safest entry for more cautious bulls. However, the price may not visit it for some time if the altcoin marketâs euphoria continues.
Confirmed resistance near $6.90 provides a reasonable first target. The daily sweep candle near $7.2702 is likely the next stop if the current resistance flips to support.
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