THELOGICALINDIAN - Ethereum archetypal amount is placed in a solid uptrend adjoin the US Dollar and Bitcoin ETCUSD may abide to move college and it could analysis 25
Ethereum Classic Price Support
The accomplished few sessions were super bullish as ETC amount surged from the $18.00 beat low adjoin the US dollar. The ETC/USD brace traded college and bankrupt the $20.00 barrier to move into a bullish zone. It alike austere advertise offers abreast $21.00 and traded appear $22.00. A aerial was formed at $21.91, and it seems like the amount charcoal in a solid uptrend aloft $20.00.
An antecedent abutment is about the 23.6% Fib retracement akin of the aftermost leg from the $19.87 low to $21.91 high. More importantly, there are two bullish trend curve basic with abutment at $21.00 and $20.50 on the alternate blueprint of the ETC/USD pair. Below the aboriginal trend line, the 50% Fib retracement akin of the aftermost leg from the $19.87 low to $21.91 aerial is at $20.89. The mentioned $20.90-21.00 breadth is a cogent abutment back it was a attrition earlier. If the amount corrects lower from the accepted levels, the $20.90-21.00 breadth is acceptable to act as a appropriate buy zone.
The chart credibility that the amount will best acceptable advance assets aloft $21.91. A breach aloft the $22.00 akin could bright the aisle for an dispatch appear the $25.00 level. An average attrition is abutting to $23.60.
Hourly MACD – The MACD for ETC/USD is accepting drive in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently abreast the overbought levels.
Major Support Level – $20.90
Major Resistance Level – $22.00
