THELOGICALINDIAN - Ethereum archetypal amount is placed in the bullish area adjoin the US Dollar and Bitcoin ETCUSD may anon breach 2800 to analysis the 3000 akin in the abreast term
Ethereum Classic Price Support
The accepted bent is absolute for ETC amount aloft the $25.00 and $26.00 support levels adjoin the US Dollar. The amount was apparent trading college from the $22.50 beat low and afresh confused aloft the $25.00 resistance. The contempo low as $24.30 from area the amount fabricated a nice upside move and traded aloft the 100 alternate simple affective average. At the moment, the amount is aloft $27.00 and looks set for added gains.
Looking at the alternate blueprint of ETC/USD, there is a acute application triangle basic with abutment at $26.50. The brace is currently disturbing to breach the 61.8% Fib retracement akin of the aftermost abatement from the $30.25 aerial to $24.30 low. Once the brace break the triangle attrition and the 76.4% % Fib retracement akin of the aftermost abatement from the $30.25 aerial to $24.30 low, it could retest $30.00. Above the mentioned $30.00, the amount could alike move appear the $32.00 level.
On the downside, there is a major support about $26.50 and the 100 alternate simple affective average. The brace charge breach aloft the $26.00-26.50 abutment in adjustment to accretion clip for an upside break.
Hourly MACD – The MACD for ETC/USD is about collapsed and is currently assuming no signs of a break.
Hourly RSI – The RSI for ETC/USD is aloft the 50 akin and is pointing bullish signs.
Major Support Level – $26.00
Major Resistance Level – $28.00
Charts address – Trading View, Kraken
