THELOGICALINDIAN - Ethereum archetypal amount is accepting absorption adjoin the US Dollar and Bitcoin ETCUSD could abide to move college appear the 1500 level
Ethereum Classic Price Trend
After declining appear the $10.50 level, ETC amount begin a able affairs absorption adjoin the US dollar. The ETC/USD brace started a beginning advancement move and bankrupt the $12.50 resistance. It alike surged aloft the $14.00 akin and acclimatized aloft the 100 alternate simple affective average. A new account aerial was formed at $14.37 and after the amount adapted lower.
It confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $11.88 low to $14.37 high. However, losses were bound abreast $13.40. The declared $13.20-40 area was a attrition beforehand and now it is acting as a support. Additionally, it coincides with the 38.2% Fib retracement akin of the aftermost beachcomber from the $11.88 low to $14.37 high. Moreover, there is a above bullish trend band in abode with abutment at $13.10 on the alternate blueprint of the ETC/USD pair. Therefore, if the amount dips from the accepted levels, it is acceptable to find support abreast the $13.40 and $13.10 levels. The abutting abutment is abreast $12.50 and the 100 alternate SMA.
The chart suggests that ETC amount is placed accurately in a bullish area aloft $12.50. It could abide to move college appear the contempo aerial at $14.37. Aloft this, the amount may conceivably analysis $15.00.
Hourly MACD – The MACD for ETC/USD is affective accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is now able-bodied aloft the 50 level.
Major Support Level – $13.10
Major Resistance Level – $14.35
