THELOGICALINDIAN - Ethereum archetypal amount is affective college adjoin the US Dollar and Bitcoin ETCUSD ability anon breach 1300 and barter appear 1400
Ethereum Classic Price Upside Move
There was a slow and steady downside move in ETC amount as it traded beneath $12.00 adjoin the US Dollar. The amount formed a low at $11.49 afore the amount started acclimation higher. It acquired clip and was able to bright the $11.80 resistance. There was a breach aloft the 23.6% Fib retracement akin of the aftermost abatement from the $14.00 aerial to $11.49 low. Moreover, there was a breach aloft a monster bearish trend band with attrition at $12.0 on the alternate blueprint of ETC/USD.
The best important breach was aloft $12.20 and the 100 alternate simple affective average. It has opened the doors added assets aloft $12.20. The abutting attrition is about the 50% Fib retracement akin of the aftermost abatement from the $14.00 aerial to $11.49 low at $12.70-80. The mentioned $12.80 attrition acted as a abutment earlier, and now it may stop the upside move. Should there be a breach aloft $12.80, the amount would calmly go appear $14.00.
On the downside, the burst attrition at $12.20 ability now act as a support. Moreover, the $12.00 akin is additionally a acceptable buy zone. The all-embracing trend is positive, and the amount ability fasten college anon appear $13.00.
Hourly MACD – The MACD is aback in the bullish zone.
Hourly RSI – The RSI is now able-bodied about the overbought levels.
Major Support Level – $12.00
Major Resistance Level – $12.60
Charts address – Trading View, Kraken
