THELOGICALINDIAN - Ethereum archetypal amount has confused into the bullish area adjoin the US Dollar and Bitcoin ETCUSD is acceptable to extend assets aloft 2900 afterwards commutual a shortterm correction
Ethereum Classic Price Upside Move
There was a major upside move in ETC amount afresh as it confused aloft the $22.00 akin abutment adjoin the US dollar. The upside move was able as the amount was able to move aloft the $25.00 resistance. It acclimatized aloft the $26.00 akin and is currently able-bodied aloft the 100 alternate simple affective average. It formed a aerial at $29.52 and is currently acclimation lower.
At the moment, the amount is testing the 23.6% Fib retracement akin of the aftermost beachcomber from the $20.54 low to $29.52 high. Moreover, there is a key bullish trend band basic with abutment at $27.40 on the alternate blueprint of the ETC/USD pair. The brace is acceptable to abide in a bullish trend aloft the $25.00 level. If there is a breach beneath the trend band support at $27.40, it is acceptable to acquisition bids abreast $25.50 and $25.00. The declared $25.00 akin is abreast the 50% Fib retracement akin of the aftermost beachcomber from the $20.54 low to $29.52 high.
Therefore, the $25.00 akin is a aloft support. On the upside, the brace has to move aloft $29.00 and $30.00 resistances to accretion added momentum.
Hourly MACD – The MACD for ETC/USD is placed accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently affective lower appear the 50 level.
Major Support Level – $25.00
Major Resistance Level – $29.00
Charts address – SimpleFX
