THELOGICALINDIAN - Ethereum archetypal amount is boring accepting clip adjoin the US Dollar and Bitcoin ETCUSD may abide to move college aloft the 32 level
Ethereum Classic Price Upside Move
It seems like a decent abutment base formed about the $25.00 akin in ETC amount adjoin the US Dollar. The amount confused college and bankrupt the $26.00 attrition level. There was a breach aloft the 23.6% Fib retracement akin of the aftermost abatement from the $41.00 aerial to $24.89 low. ETC buyers were acknowledged in breaking the $27.00 attrition and the 100 alternate simple affective average.
More importantly, there was a breach aloft a aloft bearish trend band at $29.00 on the alternate blueprint of the ETC/USD pair. At the moment, the brace is attempting a breach aloft the 38.2% Fib retracement akin of the aftermost abatement from the $41.00 aerial to $24.89 low. Once there is a able abutting aloft the $31.09 resistance, there can be added gains. The amount could easily move added higher aloft the $32.00 level. The abutting attrition is about the 50% Fib retracement akin of the aftermost abatement from the $41.00 aerial to $24.89 low.
On the downside, the $29.00 akin and the 100 alternate SMA is a appropriate abutment and a buy zone. The all-embracing trend is absolute aloft the 100 alternate SMA and the amount could calmly breach the $32.00 akin in the abreast term.
Hourly MACD – The MACD for ETC/USD is about collapsed and is assuming a few bullish signs.
Hourly RSI – The RSI for ETC/USD is currently able-bodied aloft the 50 akin is affective higher.
Major Support Level – $29.00
Major Resistance Level – $32.00
Charts address – Trading View, Kraken
