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Ethereum Classic Momentum Fading After Breakout Rejection
In brief
ETC is facing resistance at $8.20 and $11.
Technical indicators in the long-term and daily time-frame are bullish.
The price could be near the top of a B wave.
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The Ethereum Classic (ETC) price has been unable to close a higher-high since breaking down on Aug 2. Another short-term move to the downside is expected before the price can resume its bullish trend. ETC Long-Term Resistance On Aug 2, the ETC price reached a high of $8.29 but dropped sharply to a low of $6.27 during the same day. The price found support above the 50 and 200-day moving
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