THELOGICALINDIAN - Ethereum archetypal amount is extensive a breach area adjoin the US Dollar and Bitcoin and ETCUSD ability anon billow college aloft 1800 in the abreast term
Ethereum Classic Price Resistance
In the aftermost analysis, we saw a aloft application triangle arrangement with attrition at $18.00 on the alternate blueprint (data augment via Kraken) of ETC/USD. The aforementioned arrangement is still valid, and ETC amount mostly traded in a ambit beneath $18.00 adjoin the US Dollar. Since the triangle is contracting, the attrition is now abreast $17.60-80. ETC is currently trading aloof abreast the triangle attrition and attractive for a breach aloft $18.00.
A acknowledged abutting aloft $18.00 ability alarm for a run appear the $20.00 handle in the abreast term. If buyers abide in control, there are alike affairs of a fasten appear the $22.00 level. On the downside, the amount is accurate abreast the $17.00 handle and the 100 simple affective average. Furthermore, the 38.2% Fib retracement akin of the last wave from the $15.80 low to $18.13 aerial is an antecedent abutment at $17.35.
The abutting aloft abutment is about the triangle lower trend band at $17.00. It additionally coincides with the 50% Fib retracement akin of the aftermost beachcomber from the $15.80 low to $18.13 high. As continued as there is no abutting beneath $17.00, there are affairs of added assets aloft $18.00 in the abreast term.
Hourly MACD – The MACD is mostly collapsed and pointing a consolidation.
Hourly RSI – The RSI is currently aloft the 50 level.
Major Support Level – $17.00
Major Resistance Level – $18.00
Charts address – Trading View, Kraken
