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Long-term trend ETC / USD: bearish.
- Resistance levels: $ 8, $ 10, $ 12
- Support levels: $ 5, $ 3, $ 1.
The ETC / USD pair is now in an uptrend. In the last two weeks of December, the price of the cryptic had been bearish as the price fell from a maximum of $ 4.62 to a minimum of $ 3.67. In the shortest time period, the bulls started the bullish movement on December 16, which interrupted the 12-day EMA and the 26-day EMA. While in the weekly chart a single candlestick represents the bullish movement. From the weekly chart, the stochastic is located in the oversold region below the 20% range.
This means that the price of the ETC has a strong downward impulse and a sales signal. The price will continue to fall down. 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.
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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