Performance of ETC and BCH In The Week
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Performance of ETC and BCH In The Week

January 6, 2020      Cryptoknowmics

ETC was number three of the leading performers within the previous seven days. Its price surged by almost 6 percent showing that buyers have been buying at lower levels.
ETC against the USD pair has attained the 20-week EMA. It could attain the 50-week simple moving average over the 20-week EMA. Sellers could take a powerful stand at the 50-week SMA. The turning down of the price from this level could make it remain within a range for some weeks.

A successful push of the price over the 50-week simple moving average could lead to an upsurge towards $7.6 and possibly $10. The bullish perspective will not hold following a decline under $3.40.

As regards BCH, it was also one of the leading performers. Its price surged to about 5 percent within the previous seven days.

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It put up a relief rally within the previous two weeks, taking the price to the top of a range between $227.01 and $192.52. The price could encounter strong hurdle at this level. The moving averages are flat, thereby suggesting positions within a range for a few weeks.

Nevertheless, a successful push of the price over $227.01 could take BCH against the USD pair to the 50-week SMA and possibly $306. The bullish perspective will not hold following the turning down of the pair from the levels at the moment and if it breaks under $192.52.

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