THELOGICALINDIAN - Ethereum archetypal amount is boring affective college against the US Dollar and Bitcoin ETCUSD may anon ascend added and barter appear 1600
Ethereum Classic Price Resistance
After trading appear $13.40, ETC amount formed a appropriate support adjoin the US Dollar. The amount started an upside move and traded aloft the $14.00 handle the 100 alternate simple affective average. There was alike a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $16.40 aerial to $13.30 low. Later, the amount acquired clip and was able to achieve aloft a above attrition at $14.80-15.00.
It has opened the doors for added assets appear $16.00. There is a bullish trend band basic with abutment at $14.80 on the alternate blueprint of ETC/USD. The trend band abutment abreast $14.80 can now be advised as an intraday pivot. It additionally coincides with the 23.6% Fib retracement akin of the aftermost beachcomber from the $13.30 low to $15.42 high. If the amount corrects lower, it is acceptable to acquisition abutment abreast $14.80. On the upside, the abutting important hurdle is abreast $15.80-16.00.
As continued as the amount is aloft $14.80, there is a adventitious of ETC accepting clip for a analysis of $16.00. The 100 alternate simple affective boilerplate is additionally branch higher, and acknowledging the amount aloft $14.80. Buying dips in the abbreviate appellation appear $15.00 can be advised with a stop beneath $14.80.
Hourly MACD – The MACD is boring affective in the bullish zone.
Hourly RSI – The RSI is currently aloft the 50 akin and branch higher.
Major Support Level – $14.80
Major Resistance Level – $15.80
Charts address – Trading View, Kraken
