THELOGICALINDIAN - Ethereum archetypal amount is trading with a absolute bent adjoin the US Dollar and Bitcoin ETCUSD is now a appropriate buy abreast the 10501040 levels
Ethereum Classic Price Support
There was a beginning alpha of an upside move in ETC amount from the $9.50 low adjoin the US Dollar. There was a nice upside move and the amount confused aloft the $10.00 handle and the $10.50 resistance levels. During the upside, there was alike a breach aloft a bearish trend band with attrition at $10.30 on the alternate blueprint of the ETC/USD. It has opened the doors added assets and the brace afresh traded as aerial as $10.99.
The brace is currently accumulation beneath the $11.00 handle trading in a range. An antecedent abutment is abreast the 23.6% Fib retracement akin of the aftermost beachcomber from the $9.55 low to $10.99 high. However, the best important abutment is abreast the burst attrition at $10.50. The 100 alternate simple affective boilerplate is positioned abreast $10.50 to act as a monster support. Moreover, the 38.2% Fib retracement akin of the aftermost beachcomber from the $9.55 low to $10.99 aerial is at $10.45 to anticipate declines.
On the upside, buyers charge to bright the $11.00 handle to accretion control. The abutting above upside hurdle is at $11.60 followed by $12.00. On the downside, the $10.50 and $10.40 levels are appropriate supports.
Hourly MACD – The MACD is hardly in the bearish zone.
Hourly RSI – The RSI is way aloft the 50 akin and branch north.
Major Support Level – $10.50
Major Resistance Level – $11.00
Charts address – Trading View, Kraken
