THELOGICALINDIAN - Ethereum archetypal amount is convalescent accurately adjoin the US Dollar and Bitcoin ETCUSD may abide to accretion clip and it could alike retest the 3400 level
Ethereum Classic Price Trend
There was a nice abutment base formed aloft the $25.00 akin in ETC amount adjoin the US dollar. The amount formed a low at $26.42 and it after started an upside move. It traded aloft the $28.00 attrition to accretion traction. There was a breach aloft the 23.6% Fib retracement akin of the aftermost bead from the $36.26 aerial to $26.42 low. It opened the doors for added assets and the amount was able to move aloft $28.50.
During the upside move, there was a breach aloft a aloft bearish trend band with attrition at $29.00 on the alternate blueprint of the ETC/USD pair. The brace is now trading aloft the $30.00 akin and the 100 alternate simple affective average. It is currently testing the 38.2% Fib retracement akin of the aftermost bead from the $36.26 aerial to $26.42 low. It has to move aloft the $30.50 akin to gain momentum appear the $32.00 level.
The abutting above hurdle for buyers is about $32.50 and the 61.8% Fib retracement akin of the aftermost bead from the $36.26 aerial to $26.42 low. On the downside, the $30.00 akin is a concise support, followed by the burst attrition at $28.50.
Hourly MACD – The MACD for ETC/USD is boring accepting clip in the bullish zone.
Hourly RSI – The RSI for ETC/USD is boring affective college and is currently aloft the 50 level.
Major Support Level – $28.50
Major Resistance Level – $32.00
Charts address – Trading View, Kraken
