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Ethereum Classic Up To $80?

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Following the previous idea on Ethereum Classic, after testing the 161.8% resistance it corrected down towards the uptrend trendline. The downtrend trendline has been rejected, then 127.2% Fibs and then 161.8% Fibs, all were rejected and ETC/USD produced a new all-time high.

Higher highs and higher lows pattern remain and price action suggests the continuation of the uptrend. However, both support levels must be watched for a potential breakout which could add another corrective wave down. And only break below the 200 Moving Average could invalidate bullish outlook.

The upside target is seen around $70. The first target is 427.2% Fibs at $72 and second is 461.8% Fibs at $77. At this point, the uptrend momentum could accelerate and the upside target should be reached in the shortest timeframe.
註釋
Still expecting the uptrend
註釋
support rejected

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