Ethereum Classic Price Analysis: ETC/USD faces immediate resistance at SMA 20 and SMA 200

• ETC/USD bears have retained control of the market for three straight days.
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ETC/USD daily chart

ETC/USD bears have retained control of the market for three straight days. The price has gone down from $6.88 to $6.846. The MACD shows increasing bearish market momentum.

ETC/USD has strong resistance levels at $6.93 (SMA 20), $7 (SMA 200), $7.12 and $7.42.  On the downside, we have healthy support levels at $6.65, $6.44 (SMA 50) and $6.28.

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