ETC/USD Long-term Trend: Bearish. Resistance levels: $8, $9, $10 Support levels: $4, $3, $2.

The ETC/USD pair is still in a bearish trend as price reach the low of $4.05. The ETC price is below the 12-day EMA and the 26-day EMA which indicates that the ETC price is likely to fall. The 12-day EMA and the 26-day EMA are trending southward indicating that price is falling. Meanwhile, the Stochastic indicator is reading that the bands are below the 20% range.

This implies that the price of ETC has a strong bearish momentum and a sell signal. The ETC price will remain bearish as long as the Stochastic bands are in the oversold region. Nevertheless, the price of ETC is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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