THELOGICALINDIAN - Ethereum archetypal amount is cool bullish adjoin the US Dollar and Bitcoin ETCUSD climbed college afresh and bankrupt the 3800 and 4000 attrition levels
Ethereum Classic Price Upside Move
There were solid gains in ETC amount during the accomplished few canicule from the $30.00 beat low adjoin the US dollar. The amount traded college and confused aloft the $35.00 and $40.00 attrition levels. It alike confused aloft the $41.00 attrition and traded as aerial as $42.36. At the moment, the amount is acclimation lower and is trading beneath the 23.6% Fib retracement akin of the aftermost beachcomber from the $37.76 low to $42.36 high.
On the downside, there are abounding supports about the $40.00 level. There is additionally a abutting bullish trend band basic with abutment at $40.10 on the alternate blueprint of the ETC/USD pair. The trend band abutment abreast $40.00 is a cogent support. Moreover, the 50% Fib retracement akin of the aftermost beachcomber from the $37.76 low to $42.36 aerial is additionally abreast $40.05. Therefore, if the amount continues to move down, it could acquisition support abreast $40.00. Any added declines beneath the $40.00 akin could advance the amount appear the $38.00 support.
On the upside, an antecedent attrition is about the $42.00 level. Aloft the mentioned $42.00 level, the amount may breach the aftermost aerial at $42.36. The abutting aloft attrition aloft $42.36 is abreast the $44.00 level.
Hourly MACD – The MACD for ETC/USD is placed heavily in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently abreast the overbought levels.
Major Support Level – $40.00
Major Resistance Level – $42.00
Charts address – SimpleFX
