THELOGICALINDIAN - Ethereum archetypal amount is accepting clip adjoin the US Dollar and Bitcoin ETCUSD has to bright 166080 for added assets in the abreast term
Ethereum Classic Price Resistance
It seems like ETC amount is slowly affective higher and placed able-bodied aloft the $15.00 handle adjoin the US Dollar. The amount afresh managed an alternate abutting aloft the $15.00 handle, which austere the aisle for added gains. It traded appear the $16.50-80 levels, which is addition important barrier. After trading as aerial as $16.48, the amount started a accessory correction. It traded beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $15.05 low to $16.48 high.
On the downside, there are abounding abutment levels like $15.60 and $15.50. Moreover, this accomplished week’s accent a above abutting bullish trend band with abutment at $15.50 on the alternate blueprint of ETC/USD is still intact. The $15.50 abutment is important back the 100 alternate simple affective boilerplate is positioned beneath it. An initial support is about the 50% Fib retracement akin of the aftermost beachcomber from the $15.05 low to $16.48 high.
However, the best important buy area is abreast $15.50 and the trend line. As continued as the amount is aloft the $15.00 handle, it charcoal in an uptrend for added assets appear the $17.00 handle.
Hourly MACD – The MACD is boring affective from the bullish to bearish zone.
Hourly RSI – The RSI is affective bottomward from the overbought levels, but assuming absolute signs.
Major Support Level – $15.50
Major Resistance Level – $16.80
Charts address – Trading View, Kraken
