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  • The Ethereum Classic is in a strong bullish momentum.
  • The crypto’s price is above the EMAs but faces resistance at the $4.80 price level.

ETC/USD Long-term Trend: Ranging

  • Resistance levels: $8, $10, $12
  • Support levels: $5, $3, $1.

The ETC/USD pair is now in a bullish trend in the month of March. On February 25, the crypto’s price commenced a range bound movement at the price of $4.20 . On March 14, the bulls commenced a bullish trend. A trend line has been drawn to determine the duration of the bullish trend. The crypto’s price is making a series of higher highs and higher lows. The assumption is that the bullish trend is ongoing if the trend line is unbroken. A bearish candlestick is appearing at the trend line.

If the candlestick breaks the trend line and another closes at the opposite of it, the current trend is said to be terminated. The crypto’s price is above the EMAs but faces resistance at the $4.80 price level. The stochastic is at the overbought region but above the 80% range which indicates that

 

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

(Excerpt) Read more Here | 2019-03-23 05:37:00

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