THELOGICALINDIAN - Ethereum archetypal amount surged college adjoin the US Dollar and Bitcoin ETCUSD is placed in a bullish area aloft the 1800 axis level
Ethereum Classic Price Trend
There was a strong support abject formed abreast $14.50 akin in ETC amount adjoin the US dollar. The ETC/USD brace acquired bullish drive aloft $15.00 afterwards the Coinbase listing. The amount jumped college and bankrupt abounding resistances like $16.00, $17.00 and $18.00. There was additionally a breach aloft the $20.00 handle and a aerial was formed at $21.02.
Later, the amount adapted lower and traded beneath the $20.00 level. There was a breach beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $15.78 low to $21.02 high. However, there are abounding supports on the downside aloft the $18.00 level. More importantly, there is a above bullish trend band formed with abutment at $18.20 on the alternate blueprint of the ETC/USD pair. The trend band abutment coincides with the 50% Fib retracement akin of the aftermost beachcomber from the $15.78 low to $21.02 high. Therefore, if the amount corrects lower from the accepted levels, it may able-bodied find bids abreast the $18.40 and $18.20 levels.
The chart suggests that ETC amount is placed accurately in a bullish area aloft $18.00. Once the accepted alteration is over, it could accomplish addition attack to beat the $20.00 level. The abutting resistances aloft the $20.00 akin are sitting abreast the $21.00 and $21.80 levels.
Hourly MACD – The MACD for ETC/USD is placed accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is able-bodied aloft the 50 level.
Major Support Level – $18.20
Major Resistance Level – $20.00
