Posted on: February 23, 2021 Posted by: admin Comments: 0

Ethereum Classic (ETC) has fallen below a long-term resistance level but has bounced. The direction of the trend remains unclear for now.

IOTA (IOTA) is trading inside a strong support level at $0.92. While there are no clear bullish reversal signs, the possibility of a reversal looks stronger than that for ETC.

Basic Attention Token (BAT) has fallen considerably since its all-time high of $0.70 but is currently in the process of validating the previous all-time high resistance area as support.

 

Ethereum Classic (ETC)

The weekly chart shows that ETC has fallen below the $12 area. This level previously acted as resistance at the beginning of 2020.

While the same area was expected to act as support on the way down, ETC has blown right through it. Nevertheless, there are still five days left until the weekly close, which could allow for ETC to move upwards and reclaim the $12 level.

Technical indicators are neutral, but leaning on bearish. The RSI has fallen below 70 and the MACD has generated a lower momentum bar.

ETC Weekly Movement