2019-1-5 08:50 |
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $ 12Support levels: $5, $3, $1.
On December 17, the ETC/USD pair had been in a bullish trend. From the weekly chart, the bulls are making a bullish movement to the 12-day EMA and the 26-day EMA. If the bulls break above the EMAs, the crypto will be in the bullish trend zone. Nevertheless, the ETC price has an opening balance of $5.15 but it is trading at $5.44 as at the time of writing.
Nevertheless, the price of ETC is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Stochastic indicator is in the oversold region but above the 20% range indicating that the ETC price is in a bullish momentum and a buy signal. The blue band of the stochastic is above the red band indicating that the current trend is reversing.
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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