ETC collapsed to new lows on Tuesday. Recovery above $6.00 is needed to mitigate the downside pressure. ETC/USD is changing hands at $5.70, down over 3% both since the beginning of the day and since this time on Tuesday. The 18th largest digital asset with the current market value of $628 million crashed to $5,27 during early Asian hours, but managed to claw back some ground. Looking technically, the coin has lost over 28% of its value from the recent high of $8.00. It topped on April 8 and has been sliding down ever since. ETC/USD crashed below DMA200 ($5.8) and touched the next important support level created by DMA50 at $5.36. Once it is cleared the sell-off may be extended towards psychological $5.0 and DMA100 at $4.80. On the upside, we need to see a sustainable move above $6.00 will allow for the recovery towards $6.40, the upper boundary of the previous consolidation area. The next bullish aim is seen at $7.00. However, the downward-looking RSI (the Relative Strength Index) implies that a sustainable upside momentum is less likely at this stage. ETC/USD, 1-day chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – April 24 Yohay Elam 4 years ETC collapsed to new lows on Tuesday. Recovery above $6.00 is needed to mitigate the downside pressure. ETC/USD is changing hands at $5.70, down over 3% both since the beginning of the day and since this time on Tuesday. The 18th largest digital asset with the current market value of $628 million crashed to $5,27 during early Asian hours, but managed to claw back some ground. Looking technically, the coin has lost over 28% of its value from the recent high of $8.00. It topped on April 8 and has been sliding down ever since. ETC/USD crashed below DMA200 ($5.8)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
