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Long-term trend ETC / USD: bearish.
Resistance levels: $ 14, $ 16, $ 18
Support levels: $ 6, $ 4, $ 2.
The ETC / USD pair had been bearish in the last two weeks of November. On 1 November, the crypt had an initial balance of $ 9.06. On 6 November, the digital currency reached a maximum of $ 10.04. The price of the following day resisted and broke the 12-day EMA and the 26-day EMA. Because the cryptography is lower than the exponential moving averages, the price has further depreciated to a minimum of $ 7.49.
The 12-day EMA acted as a resistance to the price of the classic of Ethereum. However, the price of ETCs is lower than the 12-day EMA and 26-day EMA, indicating that there is a downward trend. The stochastic indicator has reached the range below 20, which indicates that the price momentum is strong on the downside. There is a tendency for the digital currency to continue its fall.
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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