Lokesh Gupta
20-01-2024
In the weekly chart, Ethereum Classic undergoes a retest phase following a bullish breakout from the consolidation range.
The breakout concludes long-term lower-high formations, signaling a trend reversal.
Fibonacci levels on the weekly chart suggest a potential reach to the $40 mark for the reversal trend.
After a robust 44% recovery last week, ETC experiences a minor pullback this week.
On the daily chart, a recent correction prompts a quick retest of the 50-day EMA and the 38.20% Fibonacci level.
Despite the correction, increased demand at lower levels propels the Ethereum Classic price higher, marked by a long-tail bullish candle.
The 1.80% rise in the minor pullback tests the breakout level, impacting Ethereum Classic buyers.
Coingabbar Price Prediction, A successful uptrend may propel ETC above $30, targeting $40 in the near term.
KEY LEVELS :
RESISTANCE LEVEL : $26.00-$28.00
SUPPORT LEVEL : $23.00-$21.00
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
Good Sharing
Owned by:-
DCG Tech FZCO, UAE
Delivery Partner:-
Gabbar MediaTech Pvt Ltd.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
