THELOGICALINDIAN - Ethereum archetypal amount is trading able-bodied adjoin the US Dollar and Bitcoin and ETCUSD is captivation a aloft abutment breadth aloft 176050
Ethereum Classic Price Support
There were declines in ETC amount beforehand this accomplished anniversary appear $18 adjoin the US Dollar. The amount traded lower and followed the 100 alternate simple affective boilerplate as attrition to barter beneath $18. However, the downside was adequate by a aloft abutment breadth aloft $17.50. The amount activated the $17.60 abutment breadth on a brace of occasions and assuredly fabricated an upside move.
During the upside move, the amount bankrupt the 100 alternate simple affective boilerplate and $18. Moreover, a bearish trend band formed with attrition at $18.50 on the alternate blueprint (data augment via Kraken) of ETC/USD was broken. It traded accurately and acclimatized aloft $19.00. However, the amount is struggling to accretion clip aloft $20. At the moment, the amount is trading abreast the 50% Fib retracement akin of the aftermost leg from the $17.60 low to $21.25 high.
Once there is a able abutting aloft the $20 handle, there are affairs of added assets in the abreast term. On the downside, the burst trend band at $18.50 may accommodate support. Below $18.50, the abutting important abutment is at $17.60. Buying dips in the abbreviate appellation aloft $18 charcoal a acceptable idea.
Hourly MACD – The MACD is affective into the bullish zone.
Hourly RSI – The RSI has confused aloft the 50 level, but defective momentum.
Major Support Level – $18
Major Resistance Level – $20
Charts address – Trading View, Kraken
