# Crypto Technicals: ETC/USD confirms 'Golden Cross' on hourly charts, eyes 21-EMA at 6.722

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2725
Published: 2019-07-22T08:11:26.000Z
Updated: 2019-07-22T08:11:26.000Z
Section: Investing

> Technical Analysis: Bias slightly bullish

[ETC/USD](<https://www.tradingview.com/symbols/ETCUSD/>) chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias slightly bullish

Support: 6.158 (5-DMA), 5.943 (200-DMA), 4.986 (Lower BB)

Resistance: 6.723 (21-EMA)), 6.955 (38.2% Fib), 7.038 (110-EMA),

ETC/USD has retraced above 200-DMA and is extending gains for the 3rd straight session.

The pair is trading 2.81% higher at 6.459 at 07:45 GMT, intraday bias is bullish.

MACD is on verge of bullish crossover on signal line. 5-DMA is sharply higher.

The pair has formed a 'Golden Cross" (Bullish 50-DMA crossover on 200-DMA) adding to the upside bias.

Stochs and RSI have rolled over from oversold levels. Volatility is rising on the intraday charts.

Scope for test of 21-EMA at 6.721. Break above 21-EMA will see test of 110-EMA at 7.038.

5-DMA is immediate support at 6.158. Break below could see retest of 200-DMA at 5.943.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).



## Links in this article

- [ETC/USD](https://www.tradingview.com/symbols/ETCUSD/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)