THELOGICALINDIAN - Ethereum archetypal amount is placed in a bullish area adjoin the US Dollar and Bitcoin ETCUSD may anon breach the 1560 attrition for added assets in the abreast term
Ethereum Classic Price Trend
There was a appropriate advancement move accomplished from the $12.50 beat low in ETC amount adjoin the US dollar. The ETC/USD brace moved higher and traded aloft the $13.50 and $14.00 attrition levels. There was additionally a breach aloft the $14.50 barrier and the 100 alternate simple affective average. More importantly, there was a breach aloft the 50% Fib retracement akin of the aftermost bead from the $16.50 aerial to $13.05 low.
The amount is now placed accurately aloft the $15.00 akin and the 100 alternate SMA. On the upside, there is a aloft barrier awaits abreast $15.60. A breach aloft the declared barrier could advance the amount appear the abutting key attrition at $16.20-30. An intermediate resistance is at $16.00. At the moment, the amount is acclimation lower from the $15.50 high. It activated the 38.2% Fib retracement akin of the aftermost beachcomber from the $14.01 low to $15.50 high. There is additionally a aloft bullish trend band formed with abutment abreast $14.40 on the alternate blueprint of the ETC/USD pair.
The chart suggests that the amount charcoal able-bodied accurate aloft the $14.50 level. On the upside, a breach aloft $15.60 is bare for added assets in the abreast term.
Hourly MACD – The MACD for ETC/USD is still in the bullish zone.
Hourly RSI – The RSI for ETC/USD is placed accurately about the 60 akin with absolute signs.
Major Support Level – $14.50
Major Resistance Level – $15.60
