Crypto Technicals: ETC/USD extends gains for the 4th straight session, retakes 200-DMA, bias higher

ETC/USD chart - Trading View
 
Exchange - Bitfinex

Support: 5.6821 (200-DMA); Resistance: 5.919 (23.6% Fib)

Technical Analysis: Bias turning Bullish

- ETC/USD is extending gains for the 4th straight session

- The pair has broken above 200-DMA and we see scope for further upside

- RSI is biased higher and has edged above 50 mark, Stochs have rolled over from oversold levels

- Upside is currently paused at 23.6% Fib at 5.919, has retraced below 21-EMA

- Next major resistance above 23.6% Fib lies at 20-DMA at 6.1075 and then 38.2% Fib at 6.333

- On the flipside, retrace below 200-DMA will see dip till 110-EMA at 5.523. Further weakness on break below

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.