Ethereum Classic Price Analysis: ETC/USD Surging, Dips Remain Supported

2018-8-7 11:00

Key Highlights Ethereum classic price rocketed higher and broke the $16.00 and $18.00 resistances against the US dollar. There is a major bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may correct a few points, but dips remain supported near the $18.40 and $18.20 levels.

Ethereum classic price surged higher against the US Dollar and Bitcoin. ETC/USD is placed in a bullish zone above the $18.00 pivot level.

Ethereum Classic Price Trend

There was a strong support base formed near $14.50 level in ETC price against the US dollar. The ETC/USD pair gained bullish momentum above $15.00 after the Coinbase listing. The price jumped higher and broke many resistances like $16.00, $17.00 and $18.00. There was also a break above the $20.00 handle and a high was formed at $21.02.

Later, the price corrected lower and traded below the $20.00 level. There was a break below the 23.6% Fib retracement level of the last wave from the $15.78 low to $21.02 high. However, there are many supports on the downside above the $18.00 level. More importantly, there is a major bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair. The trend line support coincides with the 50% Fib retracement level of the last wave from the $15.78 low to $21.02 high. Therefore, if the price corrects lower from the current levels, it may well find bids near the $18.40 and $18.20 levels.

The chart suggests that ETC price is placed nicely in a bullish zone above $18.00. Once the current correction is over, it could make another attempt to surpass the $20.00 level. The next resistances above the $20.00 level are sitting near the $21.00 and $21.80 levels.

Hourly MACD – The MACD for ETC/USD is placed nicely in the bullish zone.

Hourly RSI – The RSI for ETC/USD is well above the 50 level.

Major Support Level – $18.20

Major Resistance Level – $20.00

The post Ethereum Classic Price Analysis: ETC/USD Surging, Dips Remain Supported appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum Classic (ETC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $33.89
Капитализация $0 Rank 99999
Цена в час новости $ 18.95 (-100%)

remain ethereum classic dips supported price etc

Источник: newsbtc.com

remain ethereum → Результатов: 32


Фото:

Bitcoin Staves Off Drop Under $7,500, Investors Remain Bullish

Bitcoin saw a breathtaking run-up over the past few weeks, with the price of the asset rebounding off lows at $5,800 to a yearly high of $8,500 last week. Many attributed this most recent recovery to a series of positive technicals and fundamental indicators, such as the influx of institutional money, along with a resurgence […] The post Bitcoin Staves Off Drop Under $7,500, Investors Remain Bullish appeared first on Ethereum World News.

2018-8-3 23:31


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Surges 11% As Institutional Investments Fuel Price Rally

Last week, Bitcoin’s price surged from $62,800 to $69,000, marking an 11% increase and bringing it within 6% of its all-time high of $73,600. This price movement closely mirrors trends seen in previous Q4 periods of 2012, 2016, and 2024, suggesting a potential seasonal effect driving the recent rally. Six […]

SimpleFX 10th birthday: the decade of online broker

After ten years of constant development, SimpleFX can proudly celebrate this one-of-a-kind anniversary with a unique event. This year, the platform’s users will have a chance to compete in a trading contest with a $100 000 and 5 000 SFX Coins prize pool! The plan to celebrate with the SFX platform users SimpleFX understands that […] The post SimpleFX 10th birthday: the decade of online broker appeared first on CryptoSlate.