Ethereum Classic Price Analysis: ETC/USD Bullish Above $16.80

2018-7-17 11:00

Key Highlights Ethereum classic price traded higher recently and moved above the $17.00 barrier against the US dollar. There is a crucial bullish trend line formed with support at $16.80 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is currently correcting lower, but it remains supported above the $16.80-17.00 levels.

Ethereum classic price moved into a bullish zone against the US Dollar and Bitcoin. ETC/USD dips remain supported near the $16.80 and $17.00 levels.

Ethereum Classic Price Trend

This week, there was a nice upside move initiated from the $16.00 swing low in ETC price against the US dollar. The ETC/USD pair traded above the $16.50 and $17.00 resistance levels to move into a bullish zone. It traded as high as $17.56 and is currently correcting lower. The price broke the 23.6% Fib retracement level of the last wave from the $16.51 low to $17.56 high.

However, there are many supports on the downside above the $16.50 level. An initial support sits around the $17.00 level. Below this, the price may test the 61.8% Fib retracement level of the last wave from the $16.51 low to $17.56 high. There is also a crucial bullish trend line formed with support at $16.80 on the hourly chart of the ETC/USD pair. The trend line support and the $16.85 area is significant since it coincides with the previous resistance area. Therefore, any dips towards the $16.80 and $16.85 levels are likely to find a strong buying interest in the near term.

The chart suggests that the price is placed nicely in an uptrend above the $16.50 pivot level. The recent dip can be seen as a buying opportunity as long as the trend line and $16.80 support are intact. On the upside, resistances are at $17.25, $17.50 and $17.80.

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

Hourly RSI – The RSI for ETC/USD just breached the 50 level.

Major Support Level – $16.80

Major Resistance Level – $17.50

The post Ethereum Classic Price Analysis: ETC/USD Bullish Above $16.80 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 0.989745 (-78.25%)

above ethereum bullish classic etc usd price

Источник: newsbtc.com

above ethereum → Результатов: 68


дальше еще 19 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin market split as buying and selling volumes remain the same

Bitcoin’s spot trading volumes over the past week show a varying level of market activity and sentiment. Bitcoin’s price saw some volatility over the week, peaking on May 25 at $69,270, followed by a slight decline and stabilization around the $68,000 to $69,000 range.