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Altcoin — Opinion — Blockchain

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

,   and  Nadja Eriksson
Ethereum classic price as of late discovered support. ETC/USD is recuperating, however upsides could be topped by $11.00 and
Ethereum classic price as of late discovered support. ETC/USD is recuperating, however upsides could be topped by $11.00 and $11.20.

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
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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