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Long-term trend ETC / USD: bearish.
- Resistance levels: $ 8, $ 10, $
- 12 Support levels: $ 5, $ 3, $ 1.
On December 17, the ETC / USD pair was in a bullish trend. From the weekly chart, the bulls are making a bullish movement for the 12-day EMA and the 26-day EMA. If the bulls break above the EMA, the crypt will be in the uptrend zone. However, the price of ETC has an initial balance of $ 5.15, but is trading at $ 5.44 as at the time of writing.
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 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 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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