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