THELOGICALINDIAN - Ethereum archetypal amount is convalescent accurately adjoin the US Dollar and Bitcoin ETCUSD may able-bodied advance college aloft 2100 if buyers accretion control
Ethereum Classic Price Resistance
After a aloft downside move, ETC amount begin abutment aloft the $16.00 akin adjoin the US dollar. The ETC/USD brace traded as low as $16.44 afore starting an upside correction. It circumscribed for some time aloft the $16.50 akin afore starting an upside move. ETC amount climbed aloft the 23.6% Fib retracement akin of the aftermost abatement from the $21.94 aerial to $16.44 low.
It opened the doors for more gains and the amount confused aloft the $18.00 resistance. More importantly, there was a aperture aloft a acute bearish trend band with attrition at $18.50 on the alternate blueprint of the ETC/USD pair. Finally, there was a abutting aloft the $19.00 attrition and the 100 alternate simple affective average. At the moment, the amount is testing the 61.8% Fib retracement akin of the aftermost abatement from the $21.94 aerial to $16.44 low. A acknowledged aperture of the $19.75 attrition could bright the aisle for a advance aloft the $20.00 barrier.
The chart suggests that the amount is basic a bullish anatomy aloft $18.00. It may abide to acceleration and any dips from the accepted levels are acceptable to acquisition buyers abreast $18.00. Additionally, the 100 alternate SMA, which is currently abreast $18.00 may additionally act as a able support.
Hourly MACD – The MACD for ETC/USD is affective accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is accepting clip aloft the 60 level.
Major Support Level – $18.00
Major Resistance Level – $20.00
