Technical analysis of Bitcoin and Ethereum Classic courses

Good evening, dear readers!

The last days were not rich for news, and the market itself has long remained in a flat state, by the way, the longest for the 2018th year. The price of bitcoin on the exchanges is gradually leveling - now the difference is about 100 points. While Bitcoin is flat, you can see other coins.

Quite interesting for buying in the long-term looks ethereum classic, which fell to the October lows of 2017. The nearest level with strong support is at $ 9.6 - $ 9, and, in the case of a strait, it is already much lower - at $ 8.3 - $ 8. Stochastic on the weekly timeframe is in the oversold zone, RSI is at 40.

In principle, the prospect for a reversal is. Therefore, in the long run (buy & hold) the purchase of a classic can be considered. To hedge against a drawdown you can stop under $ 9.3.

We are waiting for Monday, maybe with the beginning of a new week some changes will come to the market.

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