THELOGICALINDIAN - Ethereum archetypal amount is accepting absorption adjoin the US Dollar and Bitcoin ETCUSD is placed accurately aloft 1250 for added assets in the abreast term
Ethereum Classic Price Support
After trading as low as $11.88, ETC amount started an upside move adjoin the US dollar. The ETC/USD brace traded aloft the $12.00 and $12.20 attrition levels. The amount additionally traded aloft the 23.6% Fib retracement akin of the aftermost accelerate from the $13.47 aerial to $11.88 low. However, the upside move was capped by the $12.70 akin and the amount alone aback appear the $12.00-12.20 support.
Later, the amount formed a abutment abject abreast $12.00 and confused higher. It acclimatized aloft the $12.50 attrition and the 100 alternate simple affective average. Moreover, there was a breach aloft a application triangle with attrition at $12.58 on the alternate blueprint of the ETC/USD pair. The brace is currently trading abreast the 50% Fib retracement akin of the aftermost accelerate from the $13.47 aerial to $11.88 low. Once there is a able abutting aloft the $12.75 and $12.80 levels, the amount is likely to accelerate aloft the $13.00 level. If ETC buyers accretion control, the amount may able-bodied breach the $13.10 attrition and revisit the $13.40 zone.
The chart suggests that ETC amount could dip a few points, but the burst triangle abreast $12.60 is acceptable to authority declines. Below this, the abutting above abutment is abreast $12.50 and the 100 alternate SMA.
Hourly MACD – The MACD for ETC/USD is placed accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is now able-bodied aloft the 50 level.
Major Support Level – $12.50
Major Resistance Level – $13.00
