Long-term trend ETC / USD: bearish.
Resistance levels: $ 14, $ 18, $ 22
Support levels: $ 8, $ 6, $ 4.
The ETC / USD pair had been bearish in the last three weeks of November 2018. On November 14, the price of the crypto had been rejected by the 12-day EMA and the crypt was in a downward trend. The 12-day EMA and the 26-day EMA are turned down and indicate that the price is likely to fall. The price has reached a minimum of $ 5.40 as at the time of writing.
The price of the crypt has reached the oversold region of the market, suggesting that the bulls take control of the market. There will be no commercial recommendations as the downward trend has not been exhausted. However, the price of ETCs is lower than the 12-day EMA and 26-day EMA, indicating that there is a downward trend. The MACD line and the signal line are below the zero line indicating a sales signal.
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