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Long-term trend ETC / USD: bearish.
Resistance levels: $ 8, $ 10, $ 12
Support levels: $ 5, $ 3, $ 1.
The ETC / USD pair was bearish in November 2018. On November 1, Ethereum Classic had an initial balance of $ 9.06. In the first two weeks of November, the price of the crypt was fluctuating above the price level of $ 9 before the bearish breakout result. Before the end of the bearish breakout, the 12-day EMA and the 26-day EMA were flat horizontally. On November 14th the price of the crypto was countered by the 12-day EMA and the price fell to a minimum of $ 4.39.
In December, the price of the ETC will continue its downward trend if the price is lower than the two EMAs. On November 30, the crypt reached a minimum of $ 4.62. In other words, ETC lost 49% of its capitalization in November. Nonetheless, the price of ETC is lower than the 12-day EMA and the 26-day EMA which indicates that a downward trend is under way. The MACD line and the signal line are below the zero line indicating a sales signal.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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