2019-1-26 09:17 |
ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $10, $12 Support levels: $5, $3, $1.
The ETC/USD pair is currently in a bearish trend zone. The ETC price was in a sideways trend at the beginning of January 2019. The crypto has an opening balance of $5.15 in the month of January. On January 7, the bears broke the range bound movement, the 12-day EMA, the 26-day EMA and price fell to the low of $4.98.
The crypto’s price fell again to another low of $4.47 and commenced a range bound movement. Today, the ETC price is trading at $4.37 below the exponential moving averages. This indicates that ETC price is likely depreciates further. Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that 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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