THELOGICALINDIAN - Ethereum archetypal amount started an upside alteration adjoin the US Dollar and Bitcoin ETCUSD charge bright the 1500 attrition for added gains
Ethereum Classic Price Resistance
There were further losses this accomplished anniversary from $16.00 in ETC amount adjoin the US dollar. The ETC/USD brace traded lower and alike bootless to authority the $15.00 support. It traded appear the $13.00 handle and formed a low at $13.02. Later, the amount formed a abutment abject and started an upside move from $13.02. It traded college and bankrupt the 23.6% Fib retracement akin of the aftermost bead from the $17.15 aerial to $13.02 low.
More importantly, there was a breach aloft a key bearish trend band with attrition at $14.20 on the alternate blueprint of the ETC/USD pair. The brace is now placed accurately aloft the $14.00 akin and the 100 alternate simple affective average. However, it is adverse a major hurdle abreast the $15.00 level. The declared $15.00 akin was a abutment beforehand and now it is endlessly upsides. It additionally coincides with the 50% Fib retracement akin of the aftermost bead from the $17.15 aerial to $13.02 low.
Therefore, a breach and abutting aloft the $15.00 akin is charge for added assets in the abreast term. On the downside, the burst abutment abreast the $14.00 akin may act as a abutment forth with the 100 alternate SMA.
Hourly MACD – The MACD for ETC/USD is affective college in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently able-bodied aloft the 60 level.
Major Support Level – $14.00
Major Resistance Level – $15.00
Charts address – Trading View
