THELOGICALINDIAN - Ethereum archetypal amount is abiding adjoin the US Dollar and Bitcoin ETCUSD needs to breach the 1300 attrition to retest the 1400 handle
Ethereum Classic Price Resistance
It seems like ETC amount remains in an uptrend aloft the $12.00 handle adjoin the US Dollar. The amount is afterward a nice bullish aisle and afresh activated the $14.00 handle. Later, it adapted lower appear the $12.20 abutment breadth and is currently boring affective higher. On the downside, there is a above bullish trend band basic with abutment at $12.40 on the alternate blueprint of ETC/USD.
The aforementioned trend band acted as a abutment on assorted occasions and is currently a able buy area aloft $12.20. On the upside, the amount is currently trading beneath a acute attrition abreast $13.00. There is a abutting bearish trend band at $13.00 forth with the 100 alternate simple affective average. A breach and abutting aloft the $13.00 attrition and the 100 hourly simple affective average is bare for added gains. In the mentioned case, the amount could calmly retest the $14.00 handle.
On the downside, the trend band abutment at $12.40 and the 61.8% Fib retracement akin of the aftermost beachcomber from the $12.10 low to $13.50 aerial are important buy zones. One can accede affairs dips abutting to the $12.40 akin as continued as the amount stays aloft $12.00.
Hourly MACD – The MACD is affective collapsed in the bullish zone.
Hourly RSI – The RSI is currently about the 50 akin with collapsed structure.
Major Support Level – $12.40
Major Resistance Level – $13.00
Charts address – Trading View, Kraken
