• Fri, 20 Sep 2019, 07:02 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA

Thu, 22 Aug 2019, 09:50 am UTC

ETC/USD chart - Trading View

Exchange - Kraken

Support: 6.266 (200-DMA); Resistance: 6.545 (55-EMA)

Technical Analysis: Bias Bullish

At a time when most of the crypto space is in the red, Ethereum Classic defies trend.

ETC/USD spikes higher on the day to trade at 6.474 at 09:40 GMT, up 5.56% at the time of writing.

The pair ignored 'Doji' formed in the previous session, has broken above 200-DMA raising scope for upside.

Technical studies support further gains. Stochs and RSI are sharply higher and RSI is well above the 50 mark.

5-DMA has turned and volatility for the pair is rising as indicated by expanding Bollinger bands.

55-EMA is immediate resistance at 6.545. Break above will see gains till 38.2% Fib at 7.189.

200-DMA is now strong support at 6.266. Retrace below could see consolidation.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,161.90 (+0.76%)
  • Ethereum (ETH) $216.85 (-1.83%)
  • XRP (XRP) $0.292200 (-3.77%)
  • Bitcoin Cash (BCH) $314.33 (-1.18%)
  • Litecoin (LTC) $74.38 (-3.45%)
  • Bitcoin (BTC) $10,161.90 (+0.76%)
Sep 20, 2019 (Friday)
14:09
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
14:08
Crypto Technicals: LTC/USD Technical Analysis Summary
12:44
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:57
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
10:17
Coinbase considers listing 17 new digital assets including Kadena and Telegram
10:08
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
09:56
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
08:41
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
07:01
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
06:22
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
06:22
Bank of America joins blockchain-based trade finance network Marco Polo
05:25
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
05:14
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
05:09
Crypto trader Genesis acquires Qu Capital to bolster trading technology
04:30
Crypto Technicals: IOT/USD Technical Analysis Summary
03:43
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
03:40
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
03:37
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
03:34
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft