THELOGICALINDIAN - Ethereum archetypal amount fabricated a aciculate Uturn adjoin the US Dollar and Bitcoin ETCUSD bankrupt the 1250 abutment and is currently at accident of allowance 1000
Ethereum Classic Price Support
It seems like ETC amount was rejected from able-bodied aloft the $14.00 level adjoin the US dollar. The ETC/USD brace traded and circumscribed aloft the $12.50 abutment for some time. However, sellers had the high duke as they succeeded in allowance the $12.50 support. The amount beneath acutely beneath the $12.00 and $11.50 levels. The abatement was such that the amount alike bankrupt the $11.20 and $10.50 abutment levels.
A new account low was formed at $10.11 and the amount is currently acclimation higher. It is testing the 23.6% Fib retracement akin of the aftermost bead from the $13.43 aerial to $10.11 low. There is additionally a key abutting bearish trend band basic with attrition at $11.30 on the alternate blueprint of the ETC/USD pair. Above the trend line, the abutting important attrition is abreast $11.80. It represents the 50% Fib retracement akin of the aftermost bead from the $13.43 aerial to $10.11 low. On the downside, the $10.00 support zone holds a lot of significance.
The chart suggests that ETC amount may actual a few credibility appear $11.50-12.00 zone. However, if buyers abort to booty ascendancy aloft $11.20, the amount may abatement further. In the mentioned case, ETC could alike breach the $10.00 handle to analysis the $9.25 support.
Hourly MACD – The MACD for ETC/USD is placed heavily in the bullish zone.
Hourly RSI – The RSI for ETC/USD is now able-bodied beneath the 30 level.
Major Support Level – $10.00
Major Resistance Level – $11.80
