THELOGICALINDIAN - Ethereum archetypal amount is placed in a bullish area adjoin the US Dollar and Bitcoin ETCUSD could abide to move college and it may breach the 2150 resistance
Ethereum Classic Price Trend
There was a solid amount action aloft the $18.00 axis akin in ETC amount adjoin the US dollar. After basic a low at $17.80, the amount confused college and bankrupt the $19.00 and $20.00 attrition levels. It alike traded aloft the $21.00 akin and formed a aerial abreast $21.52. Later, a downside alteration was accomplished and the amount confused beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $17.87 low to $21.52 high.
However, the downside move was able-bodied accurate aloft the $19.00 level. The amount activated the $19.00-19.20 abutment breadth and bounced. The 61.8% Fib retracement akin of the aftermost beachcomber from the $17.87 low to $21.52 aerial additionally acted as a support. On the downside, there is a major bullish trend line basic with abutment at $19.50 on the alternate blueprint of the ETC/USD pair. As continued as the brace is aloft the trend band and the $19.00 support, it charcoal in an uptrend.
On the upside, the amount may retest the $21.50 resistance. However, a breach aloft the $21.50 attrition is bare for a advance appear the $25.00 level. The all-embracing amount anatomy is bullish as continued as the trend band and abutment at $19.00 are intact.
Hourly MACD – The MACD for ETC/USD is currently collapsed in the bullish zone.
Hourly RSI – The RSI for ETC/USD is able-bodied aloft the 50 level.
Major Support Level – $19.00
Major Resistance Level – $21.50
Charts address – Trading View
