Daily pricing of Ethereum Classic (ETC) – January 15th

Medium-term trend ETC / USD: variable

• Offer levels: $ 5, $ 5.2, $ 5.4
• Demand levels: $ 4.2, $ 4, $ 3.8

About two days ago, the ETC / USD market position experienced a series of price swings of around $ 4.6 and $ 4.4. Last week, the crypt recorded a significant number of stumbling blocks which eventually led to a briefly touch on the price level of $ 4.4 on January 13th.

The market was around the Bollinger Central Band near the upper end zone of $ 4.6. The 50-day SMA and Bollinger's Upper Band are very close to the $ 4.8 level. The stochastic oscillators headed north to point towards north-east at about 70 degrees.

Turning to the trend mode of this crypt, it is more likely to yield to bears below the 50-day SMA to push the market towards a low score of $ 4.2 or $ 4.

Short-term trend ETC / USD: variable

Basically, there is a chain of variable price variations in the market in the short-term trend of the ETC / USD market so far. The uncertain price movements characterized about $ 4.6 and $ 4.5 market levels.

Yesterday, a spike occurred while both the 50-day SMA indicator and the Bollinger Upper Band were made to break north to move slightly past the current top zone of $ 4.6. The 50-day SMA appears to be slightly bent to the south after maintaining a perfect direction with a value of $ 4.5. The stochastic oscillators have slightly crossed to the south. This indicates that the bear is still in the control force of this crypto-trade.

The price levels between $ 4.7 and $ 4.3 are now the market areas and, as a result, operators may be looking for a good rejection system in the upper zone to launch a sales position or in the area. lower to enter an order purchase with decency.

The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.