•  The ETC market was earlier on a downward correction to a low at $7.96 price level.
• The crypto’s price is trading at $9.24 as at the time of writing.

ETC/USD Long-term Trend: Bullish

• Resistance levels: $10, $10.2, $10.40
• Support levels: $9.0, $8.8, $8.6

The ETC/USD pair is still trading in the bullish trend zone. The ETC market was earlier on a downward correction to a low at $7.96 price level. Later the crypto’s price was in a sideways trend below the EMAs. On June 21, the bulls break out of the sideways trend and commenced a bullish trend. The ETC price is making a series of higher highs and higher lows.

The crypto’s price is trading at $9.24 as at the time of writing. The crypto is likely to face resistance at the $9.5 overhead resistance. Meanwhile, a trend line is drawn to determine the duration of the bullish trend. From the trend line tool, as long as the bullish trend is ongoing, the trend line will be unbroken, the ETC price will test the trend line and resume its upward move.

However, if the price breaks the trend line and another candlestick closes on the opposite of it, then the current bullish trend is presumed to be terminated. However, the current trend is ongoing.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.

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