Ethereum Classic falls 20% after breaking through bottom pattern support and with weak BittsBands below

In this post we would like to show how to use our two recently introduced features on our BittsAnalytics platform – automated detection of chart patterns and BittsBands – price resistance bands based on advanced analysis of vast amounts of data.

In a recent tweet:

we mentioned that the Ethereum Classic just broke through bottom pattern support and there are no strong resistance bands below 32 USD. This means a higher probability that the price will continue to fall. See both pictures below.

This is indeed what happened afterwards  with price of Ethereum Classic falling through the very weak bands to 25.18 USD as of writing this post. This is another example of combining advanced technical analysis with resistance band to analyse potential future price movements of cryptocurrencies. If you want to improve your cryptocurrency trading with these analytics tools and many other, subscribe at  www.bittsanalytics.com.

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