THELOGICALINDIAN - Ethereum archetypal amount is acceptable basic a shortterm top against the US Dollar and Bitcoin ETCUSD may now abatement appear 148050
Ethereum Classic Price Support
There was a slow and abiding rise in ETC amount appear $16.00 afresh adjoin the US Dollar. The amount traded aloft the $14.80 attrition to barter as aerial as $16.03 area it faced sellers. Later, the amount started a downside move beneath the $16.00 handle. It afresh bankrupt an important abutment abreast $15.40 and the 100 alternate simple affective average.
During the downside break, there was a breach beneath a bullish trend band with abutment at $15.40 on the alternate blueprint of ETC/USD. The 23.6% Fib retracement akin of the aftermost beachcomber from the $13.38 low to $16.03 aerial was breached. It has austere the way for added losses in the abreast appellation appear $14.80-14.40. The abutting above abutment is about the 38.2% Fib retracement akin of the aftermost beachcomber from the $13.38 low to $16.03 aerial at $14.80. The declared $14.80 abutment was a resistance earlier, and now a acute support.
On the upside, the burst trend band abreast $15.40 ability act as a attrition if the amount corrects higher. Moreover, the 100 alternate simple affective boilerplate is additionally a concise attrition abreast $15.35. Overall, the amount may abide to barter lower and ability analysis the $14.80 support.
Hourly MACD – The MACD has confused abroad from the bullish to bearish zone.
Hourly RSI – The RSI has beneath beneath the 50 akin and branch lower.
Major Support Level – $14.80
Major Resistance Level – $15.40
Charts address – Trading View, Kraken
