THELOGICALINDIAN - Ethereum archetypal amount is acclimation lower adjoin the US Dollar and Bitcoin ETCUSD is acceptable to acquisition bids abreast the 1080 and 1070 levels
After a appropriate advancement move, ETC amount found resistance abreast the $11.80 akin adjoin the US dollar. The ETC/USD brace started a downside alteration and confused beneath the $11.50 and $11.00 abutment levels. It traded abutting to the $10.40 abutment and after bounced back. The amount activated the $11.40 akin and is currently acclimation lower. It is trading beneath the $11.20 akin and the 100 alternate simple affective average.
ETC sellers afresh pushed the amount appear the 50% Fib retracement akin of the aftermost beachcomber from the $10.38 low to $11.36 high. However, losses were independent beneath the $10.80 support. Beneath this, the abutting major support is abutting to $10.75. It coincides with the 61.8% Fib retracement akin of the aftermost beachcomber from the $10.38 low to $11.36 high. If there is a breach beneath $10.70, the amount could retest $10.40. On the added hand, a breach aloft the $11.10 akin and the trend band will best acceptable advance ETC appear $11.50.
The chart suggests that ETC amount charcoal accurate abreast $10.80 and $10.70. On the upside, buyers charge to accretion drive aloft $11.10 for an continued advancement move appear $11.50 or 11.70. The best important attrition on the boarded is abreast the $11.80 level, which prevented assets on abounding occasions.
Hourly MACD – The MACD for ETC/USD is placed in the bearish zone.
Hourly RSI – The RSI for ETC/USD is affective lower appear the 40 level.
Major Support Level – $10.70
Major Resistance Level – $11.10
