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ETC/USD went up by 17.58% this Thursday

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

ETC/USD every day chart

Ethereum Traditional has strung collectively three bullish days in a row. This Thursday has been extraordinarily bullish, whereby the value has gone up from $6.15 to $7.22 this Thursday. The 200-day easy shifting common (SMA 200) crossed over the SMA 50 curve, which is a doubtlessly bearish signal. The worth is trending above the SMA 200, SMA 50 and SMA 20 curves. The shifting common convergence/divergence (MACD) reveals rising bullish momentum.

ETC/USD Four-hour chart

fxsoriginal

The Four-hour ETC/USD has gone above the higher curve of the 20-day Bollinger band, indicating that the value was overvalued. The worth discovered resistance at $7.31 after which fell to $7.22. The Eliott oscillator reveals 5 straight bullish periods with rising depth. The 20-day easy shifting common (SMA 20) has crossed over the SMA 50 and SMA 200 curves. The worth can be trending above the three curves. 

ETC/USD hourly chart

fxsoriginal

The hourly ETHC/USD worth is trending in a downward channel formation. The hourly chart can be trending above the crimson Ichimoku cloud. The hourly worth went up to $7.56, the place it met resistance after which fell. The relative power index (RSI) indicator is trending round 70.30 within the overbought zone. 

Key Ranges

 

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