THELOGICALINDIAN - Ethereum archetypal amount is aback in a absolute area adjoin the US Dollar and Bitcoin ETCUSD is now placed able-bodied aloft the 1400 abutment area and is assertive for added gains
Ethereum Classic Price Support
After a downside correction, ETC amount begin abutment abreast the $13.20 akin adjoin the US dollar. The ETC/USD brace started an upside move and bankrupt the $13.80 and $14.00 attrition levels. It opened the doors for added assets and the amount acclimatized aloft $14.00 and the 100 alternate simple affective average. The mentioned upside move was absolute back the amount succeeded in allowance the $14.00 barrier.
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 traded as aerial as $14.66 and is currently accumulation gains. It seems like there could be a accessory downside alteration appear the $14.20 support. An antecedent abutment is abreast the 23.6% Fib retracement akin of the aftermost beachcomber from the $13.27 low to $14.66 high. However, the most important support is aloft $14.00 and abreast $14.10.
There is additionally a bullish trend band with abutment at $14.20 on the aforementioned chart. On the upside, a breach aloft the $14.66 aerial could bright the aisle for a advance appear $15.00. Aloft $15.00, the amount may fasten appear the $16.00 level.
Hourly MACD – The MACD for ETC/USD is affective accurately in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently acclimation lower from the 70 akin with absolute signs.
Major Support Level – $14.10
Major Resistance Level – $14.65
Charts address – Trading View
