THELOGICALINDIAN - Ethereum archetypal amount is bullish adjoin the US Dollar and Bitcoin ETCUSD ability actual in the abbreviate appellation but ability anon breach or retest 3000
Ethereum Classic Price Support
Recently, we saw an upside move aloft $30.00 in ETC amount adjoin the US Dollar. A aerial was set afresh at $30.84 afore the amount started acclimation lower. It beneath a few credibility beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $21.90 low to $30.84 high. However, the downside move was adequate by the $28.00 abutment and the 100 alternate simple affective average.
It seems like there is a concise banderole arrangement basic with abutment abreast $27.20 on the alternate blueprint of the ETC/USD pair. The brace ability actual a few credibility if it moves beneath the 100 alternate SMA and $28.00. The approach abutment is now at $27.20 and the 38.2% Fib retracement akin of the aftermost beachcomber from the $21.90 low to $30.84 high. In any case, dips abide accurate aloft $27.00 and $26.00. The best important support is about $26.50 and the 50% Fib retracement akin of the aftermost beachcomber from the $21.90 low to $30.84 high.
Buyers are currently in ascendancy aloft $27.00. On the upside, a breach aloft the $29.50 akin is bare for ETC to retest $30.00 and $31.00. Aloft $31.00, the amount could advance and barter appear the abutting above attrition abreast $32.80.
Hourly MACD – The MACD for ETC/USD is mostly in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently able-bodied beneath the 50 level.
Major Support Level – $26.50
Major Resistance Level – $30.00
Charts address – Trading View, Kraken
