ETC / USD Long-term Trend: Bearish.
- Resistance levels: $ 8, $ 10, $ 12
- Support levels: $ 5, $ 3, $ 1.
In the first week of January, the ETC / USD pair was in a sideways trend. The crypto price was fluctuating above the $ 5.0 price level. However, in the second week, January 7, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $ 4.98. The following day, the crypto's price is further depreciated to the low of $ 4.47 and $ 4.27. The ETC price is now in the range above the fluctuating price above the $ 2.27 price level.
20% range indicating that the ETC price is in bearish momentum and sell signal. The blue band of the stochastic is below the red band indicating that the current trend is ongoing. The crypto's price is below the 12-day EMA and the 26-day EMA which price is in the bearish trend
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