The post ETC Price Analysis: Will Breakout Boost ETC Price To $19? appeared first on Coinpedia Fintech News
In the long picture, the ETC price took multiple bearish hits over the past year, resulting in a strong resistance trendline. With each falling trend creating a secondary correction, the breakout brings a buying opportunity.
Finally, after months of downtrend, the Ethereum Classice Price Prediction is giving a breakout signal that may soon result in a significant bounce back.
Taking constant support from the $14.75 horizontal level, the ETC price manages to overcome the short-term correction phase. With multiple candles with notable wicks, the Ethereum Classic now finds the bullish momentum to reach the escape velocity.
The trendline breakout comes with an overnight jump in Bitcoin that signals the Ethereum Classic rising with market recovery. If the uptrend in Bitcoin survives, the recovery in altcoin price is set to challenge the major resistance trendline to reset the ov
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