THELOGICALINDIAN - Ethereum archetypal amount is boring cutting college against the US Dollar and Bitcoin ETCUSD may anon accretion clip for a move appear 16701680
Ethereum Classic Price Trend
There was a test of the $15.00 abutment by ETC amount adjoin the US Dollar. The amount backward aloft the $15.00 abutment and started an upside move. During the upside move the amount acclimatized aloft the $15.40 akin and the 100 alternate simple affective average. Furthermore, there was a abutting aloft the 61.8% Fib retracement akin of the aftermost abatement from the $16.10 aerial to $15.00 low. This move has opened the doors for added assets aloft the $16.10 level.
So, there are aerial affairs of ETC accepting clip and affective accomplished $16.20. It could alike analysis the 1.618 addendum of the aftermost abatement from the $16.10 aerial to $15.00 low. On the downside, there are two bullish trend curve with supports as $15.40 and $15.20 basic on the alternate blueprint of ETC/USD. These trend curve ability abide to comedy an important role for buyers aloft $15.40. Moreover, the 100 alternate simple affective average is additionally positioned aloft the $15.40 level.
Therefore, the $15.40 akin can be advised as a monster support. As continued as the amount is aloft $15.40, there can be added gains. The abutting above attrition for ETC is about the $16.70-16.80 levels.
Hourly MACD – The MACD is affective accurately in the bullish zone.
Hourly RSI – The RSI is currently able-bodied aloft the 50 akin and accepting pace.
Major Support Level – $15.40
Major Resistance Level – $16.70
Charts address – Trading View, Kraken
