ETC/USD has experienced an extremely bullish Thursday so far. The price of the asset spiked by 3.34%, going from $6.88 to $7.11 in just 15 mins. Since then, the price has settled around $7.07. The last time ETC/USD traded this high was a week ago on 28th August. The 15-mins chart also shows us that the bulls and bears are currently engaged in a tug of war, so more movement can be expected. As earlier reported, the social Media dApp iZbreaker announced its collaboration with Ethereum Classic.
The second last price session in the hourly chart has gone above the upper jaw of the 20-day Bollinger band, indicating that the price is currently overvalued. Since then, the price has met resistance and gone down slightly. The 20-day simple moving average (SMA 20) curve has crossed over the SMA 50 curve along with the price spike, which is a bullish sign. The moving average convergence/divergence (MACD) indicator shows increasing bullish momentum while the Elliott oscillator has had five straight bullish sessions.
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Currently, ETC/USD is trading for $7.07.
ETC/USD has experienced an extremely bullish Thursday so […]
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