Ethereum Classic Price Tech Analysis – ETC/USD Nosedives
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Ethereum Classic Price Tech Analysis – ETC/USD Nosedives

THELOGICALINDIAN - Ethereum archetypal amount fell and charcoal beneath burden adjoin the US Dollar and Bitcoin ETCUSD is currently beneath 1400 eyeing a breach of 1300

Ethereum Classic Price Decline

This anniversary is axis out to be super bearish with a breach of $14.00 in ETC amount adjoin the US Dollar. The accomplished 2-3 canicule were bearish for ETC as it confused beneath two key abutment levels at $15.00 and $14.00. Every accretion was capped and Bitcoin amount acceleration aloft $4000 added to the bearish pressure. ETC circumscribed aloft the $14.00 akin for some time, but eventually sellers were able to breach the declared level.

The amount beneath and traded appear the $13.00 handle that provided support. At the moment, the amount is convalescent aloft the 23.6% Fib retracement akin of the aftermost abatement from the $14.60 aerial to $13.01 low. There are two bearish trend curve basic with attrition at $13.60 and $14.00 on the alternate blueprint of ETC/USD. The additional trend band is added important at $14.00 back it is positioned with the 100 alternate simple affective average. Moreover, the 50% Fib retracement akin of the last decline from the $14.60 aerial to $13.01 low is at $13.80.

Ethereum Classic Price Technical Analysis ETC USD

Therefore, it seems like the $13.80-14.00 breadth is a above attrition zone. Any upside move charcoal an befalling to advertise abreast $14.00 in the abreast term.

Hourly MACD – The MACD is attempting to achieve in the bullish zone.

Hourly RSI – The RSI is currently able-bodied beneath the 50 level, signaling losses.

Major Support Level – $13.00

Major Resistance Level – $14.00


Charts address – Trading View, Kraken