THELOGICALINDIAN - Ethereum archetypal amount is boring affective college adjoin the US Dollar and Bitcoin ETCUSD ability anon breach 1520 for added gains
Ethereum Classic Price Trend
This week, we saw an upside break aloft $13.00 in ETC amount adjoin the US Dollar. The amount was alike able to breach the $14.00 and $14.50 attrition levels. A new aerial was formed aloft the $15.00 handle afore the amount started a downside correction. It traded acutely lower and confused beneath the $14.00 handle. However, the downside move was bound by the $13.20 abutment area.
ETC amount is now afresh affective college and is trading aloft the 50% Fib retracement akin of the aftermost abatement from the $15.16 aerial to $13.20 low. The best allotment is the actuality that this week’s accent aloft bullish trend band with accepted abutment at $14.40 is complete on the alternate blueprint of the ETC/USD pair. The brace is placed able-bodied aloft $14.50 and the 100 alternate simple affective average, which are positive signs. As continued as the brace is aloft $14.00, it is acceptable to move aback aloft $15.00.
It could alike breach $15.15 and $15.20 for added assets against $15.50 in the abreast term. Later, the amount ability barter appear the $16.00 handle during the advancing days. Therefore, the all-embracing trend is absolute aloft the $14.40 abutment in the abbreviate term.
Hourly MACD – The MACD for ETC/USD is placed able-bodied in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently able-bodied aloft the 60 level.
Major Support Level – $14.40
Major Resistance Level – $15.20
Charts address – Trading View, Kraken
