Ethereum Classic, Basic Attention Token, and Ravencoin prices show strong gains

Although most coins are still staggered, Ethereum Classic, Basic Attention Token, and Ravencoin still posted strong gains.

Ethereum Classic is currently testing the resistance given by the 38.2 percent Fibonnaci retracement level that sits at $7.35.

Otherwise, if selling pressure increases it could send prices back to the 50 percent Fibonnaci retracement level.

A break below the neckline will validate the bearish formation and could be succeeded by a 40 percent drop that takes Ethereum Classic down to $3.20.

Following its high of $0.503 on April 21, Basic Attention Token corrected 67 percent to hit a low of $0.168 on Aug. 14.

Even though volume seems to be increasing, signaling more legs up, Basic Attention Token may run into resistance given by the 30-day moving average.

If the 30-day moving average continues to hold, then Basic Attention Token will likely go to the bottom of the descending parallel channel.

Based on the Fibonacci retracement indicator, Ravencoin is currently trading around the 61.8 percent level.

A combination of the bullish signals per the TD sequential indicator and the current Fibonacci retracement level suggest that RVN could surge at any moment.

An upswing from current price levels could allow it to test the 50 percent Fibonacci retracement level, currently at $0.0449.Overall Sentiment.