THELOGICALINDIAN - Ethereum archetypal amount fell acutely adjoin the US Dollar and Bitcoin ETCUSD is convalescent but it is adverse a above attrition abreast 106080
Ethereum Classic Price Resistance
There was no endlessly sellers as ETC amount beneath added and bootless to authority the $10.00 handle adjoin the US Dollar. The amount traded appear the $9.50 abutment and formed a low at $9.52. Later, a accretion was accomplished from the $9.52 low and the amount was able to move aloft the $10.00 handle. It traded as aerial as $10.98 area it faced able affairs interest. Moreover, this week’s accent acute bearish trend band with accepted attrition at $10.60 additionally prevented assets on the alternate blueprint of the ETC/USD pair.
The brace is already afresh beneath burden and afresh confused beneath the 38.2% Fib retracement akin of the aftermost beachcomber from the $9.52 low to $10.98 high. However, the downside move is currently adequate by the $10.20 support. The 50% Fib retracement akin of the aftermost beachcomber from the $9.52 low to $10.98 aerial is additionally preventing declines. There is a adventitious that the amount ability recover, but it will best acceptable face sellers abreast $10.60-80. Moreover, the trend band attrition at $10.60 is additionally abutting to the 100 alternate simple affective average.
Therefore, a breach aloft the $10.60-80 attrition breadth won’t be easy. On the downside, the $10.20-10.00 abutment ability abide to stop declines in the abbreviate term.
Hourly MACD – The MACD is currently in the bearish zone.
Hourly RSI – The RSI is currently able-bodied beneath the 50 akin and assuming abrogating signs.
Major Support Level – $10.00
Major Resistance Level – $10.60
Charts address – Trading View, Kraken
