THELOGICALINDIAN - Ethereum archetypal amount break bottomward adjoin the US Dollar and Bitcoin ETCUSD is now beneath 11 and eyes a abutting of 10
Ethereum Classic Price Nosedives
There were continuous bearish pressures on ETC and the amount beneath beneath the $12.50 akin adjoin the US Dollar. The abatement was such that the amount bootless to authority the $11.00 abutment akin as well. There was a tiny correction, but the upside was capped by the $11.70 level. The brace is now trading able-bodied beneath the $11.00 akin and disturbing to authority any abutment as of now.
It is currently trading aloof aloft the $10.00 abutment and buyers award it adamantine to assure it. It seems like the amount would anon breach the declared $10.00 akin and barter appear $10.00. The all-embracing trend is actual bearish and any upsides abide capped by $11.00. There are additionally two bearish trend curve with resistance at $11.00 and $12.50 basic on the alternate blueprint of ETC/USD. Moreover, the 23.6% Fib retracement akin of the aftermost bead from the $14.50 aerial to $9.96 low.
However, the amount ability not actual appear $11.00. If sellers abide in action, there can be a abutting beneath $10.00 for a move appear $9.00. The abutting aloft abutment sits at $8.00. Overall, affairs rallies abreast $11.00 can be advised in the abbreviate appellation with a stop aloft $11.70.
Hourly MACD – The MACD is accepting drive in the bearish zone.
Hourly RSI – The RSI is able-bodied into the oversold levels.
Major Support Level – $8.00
Major Resistance Level – $11.00
Charts address – Trading View, Kraken
