THELOGICALINDIAN - Ethereum archetypal amount climbed college afresh adjoin the US Dollar and Bitcoin ETCUSD is currently acclimation lower but dips abide accurate aloft 1350
Ethereum Classic Price Support
During the accomplished few sessions, there was a solid rise in ETC amount from the $12.40 low adjoin the US dollar. The ETC/USD brace surged college and bankrupt the $13.00 and $13.80 attrition levels. There was alike a breach aloft the $14.00 akin and the amount traded as aerial as $14.53. Later, the amount started a downside alteration and traded beneath the $14.00 level.
There was additionally a breach beneath the 50% Fib retracement akin of the aftermost leg from the $13.01 low to $14.53 high. However, declines were able-bodied adequate abreast the $13.50 level, which acted as a abutment beforehand as well. Additionally, the 61.8% Fib retracement akin of the aftermost leg from the $13.01 low to $14.53 aerial chock-full declines. More importantly, there is a acute bullish trend band formed with abutment at $13.55 on the alternate blueprint of the ETC/USD pair. The brace is currently consolidating aloft the $13.50 support. As continued as the amount is aloft the trend band and the $13.50 support, it could resume its upside move.
The chart suggests that ETC amount is placed accurately in an uptrend from the $12.40 low. If the $13.50 abutment holds, it could animation aback aloft the $14.00 akin in the abreast term. If not, there is a accident of an continued alteration appear the $13.20 level.
Hourly MACD – The MACD for ETC/USD is currently in the bearish zone.
Hourly RSI – The RSI for ETC/USD is currently beneath the 50 level.
Major Support Level – $13.50
Major Resistance Level – $14.20
