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.

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