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Altcoin — Opinion — Blockchain

bad days for ETC? Ethereum Classic Price Analysis 27 Sep

,   and  Layla Harding
Ethereum classic price is amending lower. ETC/USD is probably going to discover offers close to the $10.80 and $10.70 levels.
Ethereum classic price is amending lower. ETC/USD is probably going to discover offers close to the $10.80 and $10.70 levels.

Ethereum Classic Price Key Features

  • Ethereum classic price began a drawback revision from the $11.80 swing high against the US dollar.
  • There is a noteworthy bearish pattern line set up with resistance at $11.10 on the hourly outline of the ETC/USD pair (Information feed through Kraken).
  • The pair could keep on moving down towards the $10.80 and $10.70 support levels in the close term.

Ethereum classic price is amending lower against the US Dollar and Bitcoin. ETC/USD is probably going to discover offers close to the $10.80 and $10.70 levels.

Ethereum Classic Price Supports

After a better than average upward move, Ethereum classic price discovered resistance close to the $11.80 level against the US dollar. The ETC/USD pair began a drawback adjustment and moved beneath the $11.50 and $11.00 support levels. It exchanged near the $10.40 support and later ricocheted back. ETC price tried the $11.40 level and is as of now amending lower. It is exchanging underneath the $11.20 level and the 100 hourly basic moving normal.

Ethereum Classic merchants as of late pushed Ethereum classic price towards the half Lie retracement level of the last wave from the $10.38 low to $11.36 high. Be that as it may, misfortunes were contained beneath the $10.80 support. Beneath this, the following significant support is near $10.75. It agrees with the 61.8% Lie retracement level of the last wave from the $10.38 low to $11.36 high. In the event that there is a break beneath $10.70, the price could retest $10.40. Then again, a break over the $11.10 level and the pattern line will probably drive ETC price towards $11.50.

ETCUSD Price Chart 27 September
ETCUSD Price Chart 27 September

The graph proposes that Ethereum classic price stays supported close $10.80 and $10.70. On the upside, purchasers need to pick up energy above $11.10 for a broadened upward move towards $11.50 or 11.70. The most vital resistance on the topside is close to the $11.80 level, which counteracted gains on numerous events.

Hourly MACD – The MACD for ETC/USD is set in the bearish zone.

Hourly RSI – The RSI for ETC/USD is moving lower towards the 40 level.

Real Support Level – $10.70

Real Resistance Level – $11.10

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