December 27 2018 00:31 UTC
The price of $ETC has risen over twenty-four hours. The last price at press time is 5.38 USDT. In Binance heavy volume trading the daily change is 16.96%, or 0.78 USDT:
|$ETC Price Change|
[Trend is “up” when the weekly price movement is predominantly upwards.]
Real Time Market Depth
The real time market depth is bullish.
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Bloomberg reports the best trading day in nine years: “U.S. Stocks Surge in Best Rally Since March 2009: Markets Wrap”. Investors are bouyed coming back from their Christmas Day break.
Moving Average Convergence Divergence (MACD)
The MACD on the six hour chart is bullish.
[MACD is a trend-following momentum indicator]
Exponential Moving Averages (EMA)
The short term EMA(7) is above both the medium and long term EMA, and rising. This is a bullish state.
[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]
Relative Strength Index (RSI)
The Relative Strength Index on the one day chart is 58.6. This is a neutral state.
Lots of movement room – either way – on the one day chart.
[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]
Bitcoin $BTC Price Modifier
The 24 hour Bitcoin $BTC change is 0.80%. This may exert a neutral influence on Ethereum Classic today.
[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]
Ethereum Classic $ETC Price Outlook
- the Ethereum Classic $ETC price outlook is bullish
- if the price finds acceptance at higher levels the immediate resistance prints at $5.49
- if the price finds acceptance at lower levels the immediate support prints at $4.58
Support levels: $4.58 $4.43 $3.26
Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis duration.
Analysis Duration: six hours
This report is for a short term duration of six hours. Analysis is time sensitive.
[Analysis duration is the “best before date”, calculated from report generation at December 27 2018 00:31 UTC.]
The author holds Ethereum Classic $ETC at the time of writing.
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