Ethereum Classic Price Analysis: ETC/USD Following Bullish Path Above $9.50

2018-10-23 11:28

Key Highlights Ethereum classic price climbed higher steadily and tested the $10.00 resistance against the US dollar. The last week’s followed crucial ascending channel formed is intact with support at $9.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is placed nicely in a bullish path above the $9.50 and $9.60 support levels.

Ethereum classic price is gaining momentum against the US Dollar and Bitcoin. ETC/USD could continue to grind higher above $10.00 in the near term.

Ethereum Classic Price Analysis

This past week, we saw a slow and steady rise from the $9.00 support area in ETC price against the US dollar. The ETC/USD pair remained in a decent uptrend and followed a bullish path above the $9.50 level. The price recently climbed above the $9.80 and $10.00 resistance levels. A new weekly high was formed at $10.15 before the price started a downside correction.

It moved below the 23.6% Fib retracement level of the recent wave from the $9.47 low to $10.15 high. However, there are many supports on the downside above the $9.50 level. An initial support is the $9.80 level. It coincides with the 50% Fib retracement level of the recent wave from the $9.47 low to $10.15 high. Below $9.80, the price could find support near $9.60 and the 100 hourly simple moving average. More importantly, the last week’s followed crucial ascending channel formed is intact with support at $9.60 on the hourly chart of the ETC/USD pair. Therefore, if the price corrects further from the current levels, it could find support near $9.60 or $9.50.

The chart suggests that ETC price is following a decent uptrend and it may continue to gain traction above the $10.00 level. The next resistance above $10.00 is near the $10.30 level.

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

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

Major Support Level – $9.50

Major Resistance Level – $10.00

The post Ethereum Classic Price Analysis: ETC/USD Following Bullish Path Above $9.50 appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum Classic (ETC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $33.89
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 8.9763 (-100%)

path above ethereum bullish price classic etc

Èñòî÷íèê: newsbtc.com

path above → Ðåçóëüòàòîâ: 13


Ôîòî:

Hyperbitcoinization: $100mil Per Coin by 2030 activity

At least one theorist believes the above will happen, and further postulates one hundred million dollars per bitcoin could be in the works as early as 2030. “Bitcoin-induced currency demonetization, or hyperbitcoinization” is what would occur should “any hapless currency” stand “in bitcoin’s path of total world domination. The current store of value talk and

2018-7-8 06:40


Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Ethereum Classic pulls back after rally fueled by ETF approval

ETC’s price has dropped by double digits in the last week. Despite the price dip, bullish momentum remains.  Following a post-ETF-approval rally, Ethereum Classic [ETC] has begun to shed The post Ethereum Classic pulls back after rally fueled by ETF approval appeared first on AMBCrypto.

Ethereum Classic (ETC) Resumes Uptrend, Notches 13% In The Last Day

Ethereum Classic (ETC) is currently experiencing a rise in its market price, gaining 13. 99% in the last 24 hours, according to data from CoinMarketCap.   Following the ETC’s dip in the last two days, it appears the bulls have retaken control of the market, pushing the coin to trade above the $20 mark for the first time since April.

Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit

Cardano (ADA) founder Charles Hoskinson described Ethereum Classic (ETC) as a scam project whose only purpose is for insiders to dump on recruits with false hopes. Ergo not invited to proof-of-work summit The statement was made in reaction to ETC Cooperative’s refusal to invite Ergo (ERG) to a Proof of Work summit organized by it and […] The post Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit appeared first on CryptoSlate.