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Ethereum Classic Price Analysis: ETC/USD faces immediate resistance at SMA 20 and SMA 200

  • ETC/USD bears have retained control of the market for three straight days.
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Ethereum Classic Price Analysis: ETC/USD faces immediate resistance at SMA 20 and SMA 200
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily chart

ETC/USD daily chart

ETC/USD bears have retained control of the market for three straight days. The price has gone down from $6.88 to $6.846. The MACD shows increasing bearish market momentum.

ETC/USD has strong resistance levels at $6.93 (SMA 20), $7 (SMA 200), $7.12 and $7.42.  On the downside, we have healthy support levels at $6.65, $6.44 (SMA 50) and $6.28.

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
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