THELOGICALINDIAN - Ethereum archetypal amount is attempting an upside move adjoin the US Dollar and Bitcoin ETCUSD has to breach 1500 akin to accretion momentum
Ethereum Classic Price Resistance
In the aftermost analysis, we discussed the importance of $13.50 support for ETC amount adjoin the US Dollar. The amount afresh biconcave appear $13.50 and begin abutment at $13.60. It additionally bootless to break beneath the $13.60 akin and the 100 alternate simple affective average. As a result, there was a bounce and the amount confused aback aloft the $14.00 level. It bankrupt the 23.6% Fib retracement akin of the aftermost abatement from the $15.50 aerial to $13.60 low.
It seems like there is a key ascendance approach arrangement with abutment at $14.00 basic on the alternate blueprint of ETC/USD. It ability comedy a major role for added assets aloft $15.00 in the abreast term. At the moment, the amount is disturbing to achieve aloft the 50% Fib retracement akin of the aftermost abatement from the $15.50 aerial to $13.60 low. Moreover, there is a concise ascendance approach with abutment at $14.40 forming.
It would be absorbing to see how ETC amount traded in the abreast appellation aloft $14.00. In adjustment for added upsides, buyers accept to booty the amount aloft $15.00. An average attrition is about the 61.8% Fib retracement akin of the aftermost abatement from the $15.50 aerial to $13.60 low at $14.77.
Hourly MACD – The MACD is currently affective in the bullish zone.
Hourly RSI – The RSI is able-bodied aloft the 50 level.
Major Support Level – $14.00
Major Resistance Level – $15.00
Charts address – Trading View, Kraken
