THELOGICALINDIAN - Ethereum archetypal amount bootless to accretion drive adjoin the US Dollar and Bitcoin ETCUSD charcoal bearish as continued as it is beneath 1500
Ethereum Classic Price Support
There was a concise upside move appear the $15.00-15.20 levels afresh in ETC amount adjoin the US dollar. The ETC/USD brace bootless to move aloft the $15.20 attrition and started a downside move. It beneath and traded beneath the $15.00 and $14.80 abutment levels. Moreover, there was a abutting beneath the $14.50 akin and the 100 alternate simple affective average.
During the decline, there was additionally a breach beneath a abutting bullish trend band with abutment at $14.30 on the alternate blueprint of the ETC/USD pair. The brace traded appear the $13.00 handle and formed a low at $13.15. At the moment, the amount is convalescent and testing the 23.6% Fib retracement akin of the aftermost abatement from the $15.19 aerial to $13.15 low. However, there are many barriers on the upside abreast the $14.50 level. The 100 alternate SMA is positioned abreast 50% Fib retracement akin of the aftermost abatement from the $15.19 aerial to $13.15 low.
Therefore, the $14.50 akin may conceivably act as a able hurdle. Above $14.50, the amount may retest the $15.00 level. On the downside, the amount may retest the aftermost beat low of $13.00. A breach beneath $13.00 could burn added declines appear $12.00.
Hourly MACD – The MACD for ETC/USD is hardly affective in the bullish zone.
Hourly RSI – The RSI for ETC/USD is affective college appear the 50 level.
Major Support Level – $13.00
Major Resistance Level – $15.00
Charts address – Trading View
