THELOGICALINDIAN - Ethereum archetypal amount charcoal accurate on dips adjoin the US Dollar and Bitcoin ETCUSD is acceptable to abide college if the 1750 and 1700 abutment levels are intact
Ethereum Classic Price Support
After a abundant decline, ETC amount found buyers aloft the $16.50 akin adjoin the US dollar. The ETC/USD brace afresh traded as low as $16.79 afore it started an upside move. Buyers pushed the amount aloft the $17.00 attrition level. Moreover, there was a breach aloft the 23.6% Fib retracement akin of the aftermost bead from the $19.87 aerial to $16.79 low.
However, the upside move was capped by the $18.35 akin and the 100 alternate simple affective average. There is additionally a concise ascendance approach basic with abutment at $17.50 on the alternate blueprint of the ETC/USD pair. The ascendance approach arrangement seems to be a replica of a antecedent pattern, which paved way for losses beneath $17.00. The accepted arrangement may aftermath added gains if the amount charcoal aloft $17.00. Buyers charge to advance the amount aloft $18.35 and the 50% Fib retracement akin of the aftermost bead from the $19.87 aerial to $16.79 low.
The chart suggests that the amount may boring move college appear $19.00. Once there is a able abutting aloft the 100 alternate SMA, the amount may advance assets appear the aftermost beat aerial of $19.87. Aloft this, the abutting above hurdle for buyers is abreast $20.00.
Hourly MACD – The MACD for ETC/USD is boring affective in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently abode accurately aloft the 50 level.
Major Support Level – $17.00
Major Resistance Level – $18.40
