THELOGICALINDIAN - Ethereum archetypal amount acquired bullish absorption adjoin the US Dollar and Bitcoin ETCUSD is now aloft 1500 and trading with a absolute bias
Ethereum Classic Price Support
In the aftermost analysis, we saw a key ascendance channel arrangement with abutment at $14.00 for ETC amount adjoin the US Dollar. The amount captivated the abutment breadth and managed to move aloft a acute attrition area at $15.00. It opened the doors for added assets and the amount was able to move aloft the $16.00 level. ETC traded as aerial as $16.72 from area a accessory alteration is initiated. It has confused beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $13.60 low to $16.72 high.
However, the amount is abutting a aloft abutment aloft $15.00. The $15.00-15.10 breadth acted as a attrition beforehand and now preventing downsides. There is a aloft abutting bullish trend band with abutment at $14.90 basic on the alternate blueprint of ETC/USD. Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $13.60 low to $16.72 aerial is at $15.17. All these support zones are acute for ETC and could advance the amount aback aloft $16.00.
Lastly, the amount is additionally aloft $14.80 axis and the 100 alternate simple affective average. Therefore, affairs dips appear $15.00 ability be advised in the abbreviate appellation with a stop beneath $14.80.
Hourly MACD – The MACD is about to move aback in the bullish zone.
Hourly RSI – The RSI is affective college appear the 50 level.
Major Support Level – $15.00
Major Resistance Level – $16.00
Charts address – Trading View, Kraken
