Ethereum Classic technical analysis: ETC/USD went up by 17.58% this Thursday


  • ETC/USD went up from $6.15 to $7.22 this Thursday.
  • The 200-day simple moving average (SMA 200) crossed over the SMA 50 curve.

ETC/USD daily chart

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Ethereum Classic has strung together three bullish days in a row. This Thursday has been extremely bullish, wherein the price has gone up from $6.15 to $7.22 this Thursday. The 200-day simple moving average (SMA 200) crossed over the SMA 50 curve, which is a potentially bearish sign. The price is trending above the SMA 200, SMA 50 and SMA 20 curves. The moving average convergence/divergence (MACD) shows increasing bullish momentum.

ETC/USD 4-hour chart

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The 4-hour ETC/USD has gone above the upper curve of the 20-day Bollinger band, indicating that the price was overvalued. The price found resistance at $7.31 and then fell to $7.22. The Eliott oscillator shows five straight bullish sessions with increasing intensity. The 20-day simple moving average (SMA 20) has crossed over the SMA 50 and SMA 200 curves. The price is also trending above the three curves. 

ETC/USD hourly chart

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The hourly ETHC/USD price is trending in a downward channel formation. The hourly chart is also trending above the red Ichimoku cloud. The hourly price went up to $7.56, where it met resistance and then fell. The relative strength index (RSI) indicator is trending around 70.30 in the overbought zone. 

Key Levels

ETC/USD

Overview
Today last price 7.3623
Today Daily Change 1.2111
Today Daily Change % 19.69
Today daily open 6.1512
 
Trends
Daily SMA20 5.8391
Daily SMA50 6.2859
Daily SMA100 7.2429
Daily SMA200 6.1757
Levels
Previous Daily High 6.3841
Previous Daily Low 5.8776
Previous Weekly High 6.1597
Previous Weekly Low 5.3112
Previous Monthly High 8.5194
Previous Monthly Low 5.122
Daily Fibonacci 38.2% 6.1906
Daily Fibonacci 61.8% 6.071
Daily Pivot Point S1 5.8911
Daily Pivot Point S2 5.6311
Daily Pivot Point S3 5.3846
Daily Pivot Point R1 6.3976
Daily Pivot Point R2 6.6441
Daily Pivot Point R3 6.9042

 


 

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