THELOGICALINDIAN - Ethereum archetypal amount traded college afresh against the US Dollar and Bitcoin ETCUSD is now aloft 1400 and attractive for added gains
Ethereum Classic Price Support
It seems like ETC amount formed a abutment base abreast $13.20 adjoin the US Dollar. The amount afterwards basic the mentioned abutment abject confused aloft a aloft attrition breadth of $14.00. There was a bright breach aloft the 23.6% Fib retracement akin of the aftermost abatement from the $16.45 aerial to $13.25 low. It has opened the doors for added assets back the amount is now aloft $14.00 and the 100 alternate simple affective average.
During the upside move, there was additionally a breach aloft a concise bearish trend band with attrition abreast $13.80 on the alternate blueprint of ETC/USD. These all are absolute signs and suggests added assets for ETC appear $15.00. The contempo aerial was $14.89. The amount already corrected appear the 38.2% Fib retracement akin of the aftermost beachcomber from the $13.38 low to $14.89 high.
So, there are affairs of it accepting drive anon aloft the contempo aerial of $14.89. The abutting above hurdle for buyers is abreast $15.80. On the downside, the 50% Fib retracement akin of the aftermost beachcomber from the $13.38 low to $14.89 aerial at $14.20 is a above support. Below $14.20, the $14.00 handle and the 100 alternate simple affective boilerplate are abutting acute supports.
Hourly MACD – The MACD is now affective in the bullish zone.
Hourly RSI – The RSI is currently able-bodied aloft the 50 level.
Major Support Level – $14.00
Major Resistance Level – $15.00
Charts address – Trading View, Kraken
