ETC/USD Long-term Trend: Bearish.

Resistance levels: $14, $18, $22
Support levels: $8, $6, $4.

The ETC/USD pair had been bearish in the last three weeks of November 2018. On November 14, the crypto's price was resisted by the 12-day EMA and the crypto was in a downward trend. The 12-day EMA and the 26-day EMA are pointing downward indicating that price is likely to fall. The price has reached a low of $5.40 as at the time of writing.

The crypto's price has reached the oversold region of the market suggesting bulls to take control of the market. There will be no trade recommendation as the bearish trend has not been exhausted. 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 MACD line and the signal line are below the zero line which indicates a sell signal.

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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