Ethereum Classic Price Analysis: ETC/USD under pressure, 13 Sep.

10 months ago

Ethereum Classic Price Key Features

  • Ethereum classic price is experiencing strain underneath the $11.20 and $11.40 resistances against the US dollar.
  • There is a declining direct set up with resistance at $11.00 on the hourly outline of the ETC/USD pair (Information feed by means of Kraken).
  • The pair stays at a danger of more decays as long as it is underneath the $11.00 and $11.20 resistances.

Ethereum classic price as of late discovered support against the US Dollar and Bitcoin. ETC/USD is recuperating, however upsides could be topped by $11.00 and $11.20.

Ethereum Classic Price Resistance

There was a drawback expansion in Ethereum classic price beneath the $11.00 support territory against the US dollar. The ETC/USD pair declined underneath the $10.50 and $10.25 support levels. It exchanged as low as $10.15 before purchasers showed up. Afterward, there was an upside remedy and Ethereum Classic price moved back above $10.50. There was likewise a break over the half Lie retracement level of the last decrease from the $11.49 high to $10.15 low.

In any case, the upside move was topped by the $11.00 resistance zone. Also, the 61.8% Lie retracement level of the last decay from the $11.49 high to $10.15 low halted the upside move. There is additionally a declining divert set up with resistance at $11.00 on the hourly graph of the ETC/USD pair. Over the channel resistance, the 100 hourly SMA is put close to the $11.10 level. In this way, it appears as though it won’t be simple for purchasers to clear the $11.00, $11.10 and $11.20 resistance levels. On the off chance that there is a crisp decrease, the $10.40 level is an underlying support.

ETCUSD Price Chart 13 September

The graph recommends that Ethereum classic price could slide again in the event that it neglects to move past the $11.20 resistance. Above $11.20, ETC price may well ascent back towards the $11.80 and $12.00 levels in the close term.

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

Hourly RSI – The RSI for ETC/USD is right now moving lower towards the 50 level.

Real Support Level – $10.40

Real Resistance Level – $11.20

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