Medium-term trend ETC / USD: variable
Offer levels: $ 11.60, $ 11.80, $ 12.00
Demand levels: $ 11.00, $ 10.80, $ 10.60
There were more significant minimums in the market price movement of the ETC / USD yesterday. The cryptocurrency was more declining than increasing while it was traded with the market value of the US dollar.
At present, the movement in price changes still appears in the ETC / USD market price line. The zones with interval limits have been well defined between $ 11.50 and $ 11.00 price points. The price action was exchanged between the lower Bollinger band and the Bollinger central band with the 50-day SMA. The stochastic oscillators are between the 60 and 40 ranges. But they crossed to indicate briefly the south. It is necessary to be careful in placing further operations.
Short-term trend ETC / USD: bearish
Yesterday, the trading position of the ETC / USD market saw a considerable level of various bearish movements. The crypt struggled harder to rise from the $ 11.10 demand level against the Bollinger lower band, and suddenly a sharp spike emerged in the market to push further north over the 50-day SMA and the Bollinger central band to touch the upper Bollinger Band later on.
A confluence of Japanese candlesticks was formed around the upper Bollinger, and this gave the US dollar an advantage over the crypt. The price has been suspended between the central Bollinger band and the Bollinger lower band. Stochastic oscillators have moved slightly from 40 to south. $ 11.10 can still be tested for another decent entry for an upward trend in the market.
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