Ethereum Classic (ETC/USD ): Price Technical Analysis

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Key Highlights




  1. Ethereum classic cost framed a best close to the $14.50 level and declined against the US dollar.
  2. There was a break underneath a noteworthy bullish pattern line with help at $13.90 on the hourly outline of the ETC/USD match (Data bolster by means of Kraken).
  3. The match is as of now exchanging admirably underneath the $14.00 level and the 100 hourly basic moving normal.
  4. Ethereum classic cost declined and moved in a bearish zone against the US Dollar and Bitcoin. And so forth/USD may keep on moving down towards the $13.00 bolster.

Ethereum Classic Price Trend

Not long ago, there was an upside move over the $14.00 level in ETC cost against the US dollar. The ETC/USD combine prevailing with regards to exchanging over the $14.20 protection and tried $14.50. A high was shaped at $14.51 before the cost began a drawback move. It declined and exchanged beneath the $14.20 bolster and the $14.00 handle to move in a bearish zone.

Besides, there was a break underneath a noteworthy bullish pattern line with help at $13.90 on the hourly graph of the ETC/USD match. The match likewise exchanged underneath the $13.50 level and exchanged beneath the 100 hourly basic moving normal. A low was shaped at $13.27 before the cost amended towards the 23.6% Fib retracement level of the last decrease from the $14.51 high to $13.27 low. Be that as it may, the upside move was topped by the $13.50 level and the 100 hourly SMA. It appears like as long as the cost is beneath 100 SMA, it could decrease promote towards the following real help at $13.00.




Ethereum Classic Price Technical Analysis ETC USD




On the upside, a push above $13.50 and 100 hourly SMA is required for a pattern change. Over 100 SMA, the following obstacle for purchasers are at $14.00 and $14.50.

Hourly MACD – The MACD for ETC/USD is going to move back in the bearish zone.

Hourly RSI – The RSI for ETC/USD is moving lower towards the 30 level.

Real Support Level – $13.00

Real Resistance Level – $14.00

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