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Ethereum Classic targets an 85% ascent following symmetrical triangle breakout
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Ethereum Classic has toppled the upper trendline of its symmetrical, thereby setting a possible 85% surge in motion. A daily close above the 200-SMA (green) would help confirm an extended rally all the way towards the 50% Fibonacci level at $103.6.
From there, an overbought RSI could trigger a minor correction before ETC commences forward towards its May local high. At the time of writing, ETC traded at xx
Source: ETC/USD, TradingView
Ethereum Classic’s symmetrical triangle has formed for nearly 5 months now following its explosive start to 2021 and a 1,550% percentage increase between late-March to early May. Based on the highest and lowest peak within the pattern, ETC eyed a 85% surge from the breakout point. Now that ETC has registered two
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