THELOGICALINDIAN - Ethereum archetypal amount attempt to move college continues adjoin the US Dollar and Bitcoin ETCUSD is adverse a above attrition abreast 10401050
Ethereum Classic Price Resistance
There was a downside reaction appear $10.00 in ETC amount adjoin the US Dollar. The amount alike bankrupt the $10.00 handle and traded as low as $9.70. Later, the amount started an upside alteration and traded aloft the 23.6% Fib retracement akin of the aftermost bead from the $11.00 aerial to $9.70 low. However, buyers were apparent disturbing abreast the $10.40 resistance, which was a abutment earlier.
There was a bounce abreast the 50% Fib retracement akin of the aftermost bead from the $11.00 aerial to $9.70 low at $10.35. Aloft $10.35, there is a aloft bearish trend band basic with attrition at $10.40 on the alternate blueprint of the ETC/USD. More importantly, the 100 alternate simple affective boilerplate is additionally abreast the $10.45 to anticipate upsides in the abreast term. A abutting aloft the 100 alternate SMA and the $10.40 akin is appropriate for buyers to gain control in the abreast term.
The best important attrition on the upside is at $11.00, which a acute axis region. On the downside, the $10.00 akin is a acceptable abutment followed by the contempo low of $9.70. Below the mentioned $9.70, the brace ability arch appear the abutting above abutment at $9.20. Overall, ETC charcoal a concise advertise abreast $10.40 and $11.00.
Hourly MACD – The MACD is hardly in the bullish zone.
Hourly RSI – The RSI is affective arctic and is aloft the 50 level.
Major Support Level – $10.00
Major Resistance Level – $10.40
Charts address – Trading View, Kraken
