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Medium-term trend ETC / USD: variable
Offer levels: $ 4.50, $ 5.50, $ 6.50
Demand levels: $ 3, $ 2.50, $ 2
The ETC / USD crypto-market has slightly broken the last lower band last week to the south to enter other areas of the area this week. The downward market movements came mainly on a platform characterized by lower lows during which the $ 3.50 mark was briefly passed on 7 December.
Since then, cryptography has recorded several low and low price movements around the levels of $ 4 and $ 3.50. The price was traded under the $ 4 high-end brand. The 50-day SMA is above the Bollinger Bands that all of its trend lines are within the range points. Stochastic oscillators are apparently consolidating around the 40 range.
From the point of view of reading the indicators, he is still convinced that this crypt will probably be lower in its market movements. Traders may just have to be careful about a decent entry.
Short-term trend ETC / USD: bearish
In the short-term trading sessions to date, the ETC / USD market has fallen significantly to the south. The crypt once pushed north up to an average value of $ 4 previously on today.
Since then, he has lost the strength to support the move at that point to sustain his peak above the upper limit in the medium range. Yesterday, the crypt saw a correction from a high mark of $ 4.20 and also caused a substantial price drop of just under $ 3.70. Two key market lines were the Bollinger Bands for $ 4 and $ 3.70 in the short-term trend. The 50-day SMA and the Bollinger central band are positioned on the chart. The stochastic oscillators have crossed the south point to the range 20.
Although the most bearish trend outlook can not be completely erased as at present, but the bulls are apparently building their bases around $ 3.70 to eventually arrange a return.
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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