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’s 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 further depreciated to the low of $4.47 and $4.27. The ETC price is now in a range bound movement fluctuating above the $2.27 price level.

The Stochastic indicator is in the oversold region but below the 20% range indicating that the ETC price is in a bearish momentum and a 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 indicates price is in the bearish trend

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

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

187 +