ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1.

The ETC/USD pair is in a bearish trend zone. On January 1, the crypto has an opening balance of $5.15 and a closing price of $4.0 as at end of January. The ETC price depreciated about 22.33% of its capitalization. The crypto's price was in a sideways trend at the beginning of January.

The range bound movement was broken when the crypto had a price break down. On January 7 and 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $4.27. The crypto has depreciated further as it traded below the EMAs. The bulls have made several times to break above the EMAs.

Today, the ETC price is currently trading at $4.008 as at the time of writing. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates price is in the bearish trend zone. 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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