[ad_1]
ETC / USD medium-term trend: bearish
- Offer levels: $ 5.6, $ 5.8, $ 6
- Demand levels: $ 4.6, $ 4.4, $ 4.2
Yesterday, the medium-term trend of the ETC / USD market substantially maintained a bearish outlook. The downtrend of the cryptic apparently ran out while it met a strong level of demand of $ 4.8 on 7 January.
Today the market has been trading around $ 5 under the 50-day SMA and the Bollinger Middle Band. The Bollinger Central Banda and the 50-day SMA are close to a horizontal price line of $ 5.2. Stochastic Oscillators have crossed the oversold zone to move slightly north.
So as it is, the $ 4.8 has now been established an immediate level on which the bulls have rebuilt their foundations. A break of the above point can result in finding a new foundation within the price levels of $ 4.6 and $ 4.2.
Short-term trend ETC / USD: variable
The value of the ETC / USD market has pushed around $ 5 and $ 4.8 since trading begins today. As wisely, yesterday, the crypt has maintained a larger area characterized by its range of range movements within $ 5.4 and $ 5 market points.
The Bollinger Upper Band and the 50-day SMA are close to the $ 5.2 price level. The price has been around the current maximum limit. Stochastic oscillators have entered the overbought zone for a short time and are still heading north to suggest a possible rise in upward prices.
A strong push against the SMA indicator and the Bollinger Upper Band at the value of $ 5.2 allows the market to test the last vote or exceed it for a while.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
[ad_2]
Source link
