ETC course analysis KW 33 - continue to be struggling

The course could get up again but did not miss the EMA200 and is currently in a sideways trend at 0. 16 ETH.

Summary: The downtrend last week was broken and initiated a slightly rising course. From August 14th, the EMA200 was tested several times, on 15 August it was even broken through, reaching the week's maximum of 0. 18 ETH.

  • Since the 16th of August, the course has fallen again and is currently at 0. 16 ETH.
  • There was not another price drop - which is also due to the fact that Ethereum is currently weakening. In general, this week has done the ETC course well and ensured that the course has recovered slightly. He has repeatedly tested EMA100 and EMA200 - unfortunately only with temporary successes. Since the 17th of August, the bulls have been a little exhausted, which has led to a sinking course.

The MACD (second panel from the top) is currently negative. The MACD line (blue) has fallen below the signal (orange) since today, which is another negative course correction. In general, however, the MACD is only slightly negative, which, if so, speaks for small negative course corrections.

The RSI (third panel from the top) is currently 40 bearish. After the RSI was very bullish between August 14 and August 15, it has been more bearish since then. At the moment there is no sign of a great recovery.

Flatlining - the rest before the storm?

Looking over August, the last week was almost desperately boring: The course was on the sideways, compared to the volatility at the beginning of August almost flatlinen. This confirms a little the suspicion of calm before the storm.

Disclaimer: The price estimates presented on this page do not constitute a recommendation to buy or sell. They are merely an estimate of the analyst.

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Image is based on data from poloniex.com created.