As we can see ETC is clearly in a vs Bitcoin on the shorter time period and we are testing the 200 ma on the 1hr chart.
There is some pressure as we can see from the , but there is also a good amount of sellers in the market as prices continue to dip lower.
There is some strong resistance at 0.0034 where the bears are camping for the time being.
The bulls are hanging out around 0.0032 and I will wait to see if there is any buying should prices drop into their zone.
Should 0.0032 fail as support I would imagine a lot of speculators might look for greener pastures to lock in further gains.
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