THELOGICALINDIAN - Ethereum archetypal amount charcoal in an uptrend adjoin the US Dollar and Bitcoin ETCUSD ability breach 1450 afresh to retest 1500
Ethereum Classic Price Support
It was a good anniversary so far for ETC amount as it confused aloft the $15.00 handle adjoin the US Dollar. The amount traded as aerial as $15.26 from breadth a alteration beachcomber was initiated. It confused bottomward and traded beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $11.40 low to $15.26 high. However, the downside move was bound and independent by the $13.30 abutment area.
The 50% Fib retracement akin of the aftermost beachcomber from the $11.40 low to $15.26 aerial acted as a aloft abutment and prevented declines. Moreover, there is a aloft bullish trend band basic with abutment at $13.25 on the alternate blueprint of the ETC/USD pair. On the downside, the 100 alternate simple affective boilerplate is complete at $13.24 to act as a aloft abutment zone. As continued as the amount is aloft $13.00 and the 100 alternate SMA, it could resume its uptrend.
On the upside, ETC amount has to breach a bearish trend band at $14.40. A abutting aloft $14.40-14.50 would accessible the doors for buyers to retest $15.00 or alike $15.25. On the cast side, the $13.25-30 levels abide a acute abutment arena in the abbreviate term.
Hourly MACD – The MACD for ETC/USD is affective accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently aloft the 50 akin and affective higher.
Major Support Level – $13.25
Major Resistance Level – $14.50
Charts address – Trading View, Kraken
