Ethereum Classic
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ETC/ USD * Ethereum Classic - EWP FIB TC WEEKLY TF ANALYSIS

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The RSI on the lower part of the chart, currently around 39, indicating a slightly oversold condition. This suggests the market could be near a potential bottom, but further confirmation is needed.

If this ABC correction holds, the price might find support near the 0.786 Fibonacci level ($15.65) or the lower boundary of the channel. This could signal the end of the corrective phase and the start of a new upward movement (Wave 1 of a new cycle). Alternatively, if price breaks below these support levels, it could suggest further downside, extending the correction.


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All going as planned... hold the line!

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