RATE Group | Ethereum Classic (ETC) Daily Price Forecast – October 9
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Ethereum Classic (ETC) Daily Price Forecast – October 9

09 Oct Ethereum Classic (ETC) Daily Price Forecast – October 9

Posted at 13:44h in Ethereum News by

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ETC/USD Medium-term Trend: Ranging

Supply levels $11.20, $11.40, $11.60
Demand levels: $10.60, $10.40, $10.20

On Monday, Oct.7, ETC/USD began to rally after seeing its market valuation declined southwards to touch the immediate demand level at $10.60. Yesterday, the crypto maintained its price ranging movements erratically by featuring both ups and downs around the middle Bollinger Bands during the trading sessions.

A notable short spike emerged eventually to breach northward briefly past the middle Bollinger Band to touch both the 50-day SMA and the upper Bollinger Band at around $11 price level. As at now, the market price line has been hovering within the range-bound region of $11 and $10.70 levels. The Stochastic Oscillators have moved slightly past range 60. They now appear to start a consolidation move around it. This suggests that traders may have to exercise some degree of caution in placing further entries as at now.

ETC/USD Short-term Trend: Bearish


The ETC/USD market…

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