• On the upside, if the bulls break  above the EMAs, the crypto’s price will rise and retest the $9.50 overhead resistance level.
• The downward trend was corrected at the $5.31 on July 16.

ETC/USD Long-termTrend:Bearish

• Resistance levels: $6, $6.5, $7.0
• Support levels: $5.50, $5.0, $4.5

The  ETC/USD pair had been on downward trend  after the bulls fail to break the $9.50 overhead resistance level. On June 3, the bulls were resisted after their first attempt at resistance level. The price fell to the support of the 12-day EMA and commenced a range bound move above  the EMA. The bulls made the second attempt at the resistance level but were resisted on June 26.  The downward trend was corrected at the $5.31 on July 16.

On the upside, if the bulls break  above the EMAs, the crypto’s price will rise and retest the $9.50 overhead resistance level. On the downside, if the bulls fail to break the EMAs, the price of EOS will continue its range bound move below the EMAs. The stochastic is at the oversold region but above the 40% range which indicates that ETC price is in a bullish momentum and a  buy signal.

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