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The daily Moving Average Convergence Divergence (MACD) crossed into the positive region on July 18, sending a bullish signal. As this upside movement continued, ETC eased through barriers such as $18, $24 and $30. Ethereum Classic will close the gap at $40 and make headway above the same level if this bullish outlook holds.
GloverFx agrees that Ethereum Classic price has not yet exhausted its rally. Via a Twitter post, the analyst pointed out a bullish reversal signal from the TD Sequential indicator. Moreover, ETH tested the downtrend line on the 1-hour Relative Strength Index (RSI)). Further analysis of the index showed that the price and the RSI had formed a bullish divergence on the 30-minute chart.
Look for a break above $40 and a quick trip to $76.
https://www.fool.com/investing/2022/07/22/ethereum-classic-soars-over-70-this-week-and-this/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article