THELOGICALINDIAN - Ethereum archetypal amount is abiding and alienated losses adjoin the US Dollar and Bitcoin ETCUSD needs to bore the 1660 akin to accretion added appear 1800
Ethereum Classic Price Trend
There were no aloft assets in ETC amount as it remained beneath the $16.60 attrition adjoin the US Dollar. The amount is gaining pace and currently trading aloft the $15.60 abutment zone. It afresh activated the $16.50 akin area it faced sellers and adapted lower. It traded beneath the 50% Fib retracement akin of the aftermost beachcomber from the $15.00 low to $16.50 high.
However, the downside move was prevented by the $15.50 abutment forth with the 100 alternate simple affective average. Moreover, the 61.8% Fib retracement akin of the aftermost beachcomber from the $15.00 low to $16.50 aerial additionally helped in adequate declines. Currently, there is a new bullish trend band basic with abutment at $15.65 on the alternate blueprint of ETC/USD. The trend line is positioned with the 100 alternate simple affective boilerplate at $15.70.
Therefore, as continued as the amount is aloft the $15.60-70 abutment and the 100 alternate simple affective average, it may barter higher. On the upside, it has to bright the $16.60 attrition zone. Only a able abutting aloft $16.60 could booty the amount appear $17.00 or alike $18.00. Buying dips in the abbreviate appellation with a stop pf $15.00 can be considered.
Hourly MACD – The MACD is about flat, assuming no signs of an upside break.
Hourly RSI – The RSI is currently aloft the 50 level.
Major Support Level – $15.60
Major Resistance Level – $16.60
Charts address – Trading View, Kraken
