ETC/USD Medium-term Trend: Ranging Supply levels: $4.8, $5, $5.2 Demand levels: $4, $3.8, $3.6

ETC/USD market still moves in a range format around $4.4 mark since this week’s trading activities commence until present time of writing. Last week, the crypto-market maintained its range movements within definite zones of between $4.6 and $4.4 lines.

This week’s range zones seem to be between $4.6 and $4.2 price levels. The 50-day SMA indicator is tightly located over the Bollinger Middle Band closely to the current $4.4 range spot. The Stochastic Oscillators are now consolidating around range 20.

As it is being a flat market in the Ethereum Classic trade against the US dollar, indicators still suggest that bears have not done with this crypto-trade driving force. If a strong bearish candlestick doesn’t form, then, lower lows than highs are still expected to feature in the ETC/USD market.

ETC/USD market in the short-term run has kept its current range movements within $4.4 and $4.3 price levels. Yesterday, the crypto somewhat kept a perfect range moving mode along the$4.4 upper range zone.

The 50-day SMA and the Bollinger Middle Band are now located within the range as the former is a bit found over the latter. The Stochastic Oscillators are now attempting to conjoin under range 60 which could possibly lead into consolidation movement around it.

Earlier on today, the market has been pushed downward to test the $4.3 lower range zone, and it shows that that point is a critical point that traders should draw all attention to while being in trade of this crypto-market.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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