THELOGICALINDIAN - Ethereum archetypal amount is boring accepting drive adjoin the US Dollar and Bitcoin ETCUSD could anon move aloft 3400 for added upsides in the abreast term
Ethereum Classic Price Uptrend
There were steady gains in ETC amount from the $26.00 beat low adjoin the US Dollar. The amount was able to move aloft a few important attrition levels such as $30.00 and $34.00. It traded as aerial as $34.61 afore the amount started a downside move. It beneath and confused appear the $28.00-29.00 abutment area. A low was formed at $28.50 and the amount was able to move aback higher.
It has already traded aloft the 50% Fib retracement akin of the aftermost abatement from the $34.61 aerial to $25.80 low. It seems like there is a aloft ascendance approach basic with abutment at $30.00 on the alternate blueprint of the ETC/USD pair. The approach abutment is additionally aloft the $28.00 axis and the 100 alternate simple affective average. As continued as the brace is aloft the approach abutment at $30.00 and $28.00, there can be further gains.
A abutting aloft the 76.4% Fib retracement akin of the aftermost abatement from the $34.61 aerial to $25.80 low at $32.28 could accessible the doors for upsides aloft $34.00. Aloft $34.00, the amount ability alike advance aloft the $35.00 akin in the abreast term.
Hourly MACD – The MACD for ETC/USD has confused aback in the bullish area is assuming acceptable signs.
Hourly RSI – The RSI for ETC/USD is currently able-bodied aloft the 50 level.
Major Support Level – $28.00
Major Resistance Level – $34.00
Charts address – Trading View, Kraken
