Ethereum Classic Price Analysis (ETC/USD) Bullish Trend – 3 July

1 year ago

Key Highlights Ethereum Classic Price Analysis (ETC/USD) Bullish Trend – 3 July

  • Ethereum classic price exchanged higher and broke the $16.00 and $16.40 protections against the US dollar.
  • There was a break over a key bearish arrangement line with hinderance at $16.05 on the hourly outline of the ETC/USD match (Data feed through Kraken).
  • The match is currently put pleasantly over the $16.40 support and it could quicken picks up towards $18.00.

Ethereum classic price is put in a bullish path against the US Dollar and Bitcoin. ETC/USD is probably going to move bolster higher towards the $18.00 and $18.50 levels.

Ethereum Classic Price Trend

There was a strong help conformed to the $15.50 level in ETC price against the US dollar. The ETC/USD combine stayed well over the $15.00 turn level and the 100 hourly straightforward moving normal. The price solidified for a couple of sessions over the $15.50 bolster before beginning the following move. It moved higher and broke the $16.00 and $16.20 obstruction levels.

All the more significantly, there was a break over a key bearish pattern line with obstruction at $16.05 on the hourly graph of the ETC/USD match. The combine spiked over the $17.00 level and a high was shaped at $17.13. Right now, the price is merging additions over the $16.50 level. It tried the 23.6% Fib retracement level of the last wave from the $15.58 low to $17.13 high. In any case, drawbacks were restricted and it appears like the price is getting ready for more increases above $17.00. There is a growing triangle shaped with obstruction at $17.15. A tear over this could open the entryways for more picks up towards the $18.00 level.

Ethereum Classic Price Analysis 3 July

Ethereum Classic Price Analysis

The outline recommends that the price is in a bullish zone over the $16.50 level. For whatever length of time that ETC is over the $16.50 and $16.00 bolsters, it could keep on moving higher towards $18.00 and $18.50.

Hourly MACD – The MACD for ETC/USD is set somewhat in the bullish area.

Hourly RSI – The RSI for ETC/USD is above the 60 level.

Real Support Level – $16.00

Real Resistance Level – $17.15

View Comments

    Leave a Reply

    Your email address will not be published. Required fields are marked*

    For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

    If you agree to these terms, please click here.

    This website uses cookies. When you are browsing Coinnounce.com, you agree with our cookie policy and terms of use.