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23.12 - 15:49
Ethereum Classic, Aave, EOS Price Analysis: 18 December
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Ethereum Classic registered some gains in the past few hours, at the time of writing. Further, it was testing an area of supply at $35.3. Aave shot upwards from $167 to $200. A pullback for Aave could offer opportunities to open a long position. EOS remained bearish on higher timeframes but continued to hold on to the $3.12 support level.
Source: TradingView, ETC/USDT
Two sets of Fibonacci retracement lines (gray and yellow) were plotted from different highs to the same swing low at $33.26. Areas on the chart where the Fibonacci retracement lines come close/coincide are strong support/resistance levels.
For ETC, this area lies at $35.3, $36.5, and $37.6. Over the past few days, the OBV has made higher lows, an indication of buyers stepping in
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