Long-term trend ETC / USD: bearish.
Resistance levels: $ 8, $ 10, $ 12
Support levels: $ 5, $ 3, $ 1.
The ETC / USD pair was in a bullish trend from the beginning of January 2019. On January 1, the initial balance of the crypt rose to a maximum of $ 5.15. On 7 January the bears broke the 12-day EMA and the 26-day EMA at a minimum of $ 4.98. The cryptography further devalued to a minimum of $ 4.47. From the weekly chart, the ETC price is still in the bearish trend zone indicating that the crypt is likely to fall.
The Stochastic indicator is located in the oversold region but above the 20% range indicates that the price of the ETC is in a bullish momentum and a buy signal. The blue band of the Stochastic is above the red band indicating that the current trend is reversing. The price of the crypto is lower than the 12-day EMA and the 26-day EMA which indicates that the price is in the uptrend zone.
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