THELOGICALINDIAN - Ethereum archetypal amount is abandoning its assets adjoin the US Dollar and Bitcoin ETCUSD ability anon retest the 13202500 abutment area
Ethereum Classic Price Decline
During the accomplished two days, there was a sharp upside move in ETC amount aloft the $15.00 akin adjoin the US Dollar. The amount rocketed college and alike traded aloft the $20.00 handle. A new account aerial was formed at $21.42 from area a aciculate abatement was initiated. ETC beneath and confused beneath the $18.00 abutment and the 50% Fib retracement akin of the aftermost beachcomber from the $13.00 low to $21.42 high.
The accepted abatement credibility to a above changeabout beneath $20.00. It seems like there is a crumbling approach basic with resistance at $15.50 on the alternate blueprint of the ETC/USD pair. The brace is now beneath the 76.4% Fib retracement akin of the aftermost beachcomber from the $13.00 low to $21.42 high. Therefore, there are aerial affairs of it affective aback appear the $13.20 and $13.00 abutment levels.
The 100 alternate simple affective boilerplate is now at $16.00 to act as a resistance. A downside breach beneath $14.00 would burn added declines in the abreast term. On the upside, the approach attrition at $15.50 is a above hurdle followed by the 100 alternate SMA. It would be absorbing to see how buyers acknowledge back the amount alcove $13.00.
Hourly MACD – The MACD for ETC/USD is aback in the bearish zone.
Hourly RSI – The RSI for ETC/USD is currently abreast the oversold levels.
Major Support Level – $13.00
Major Resistance Level – $16.00
Charts address – Trading View, Kraken
