page contents Ethereum Classic Price Technical Analysis – ETC/USD Bullish above $20 – The News Headline
Home / Cryptocurrency / Ethereum Classic Price Technical Analysis – ETC/USD Bullish above $20

Ethereum Classic Price Technical Analysis – ETC/USD Bullish above $20

Key Highlights

  • Ethereum vintage worth speeded up good points and broke the $20 resistance stage towards america buck.
  • There are two bullish development strains forming with make stronger at $21.00 and $20.50 at the hourly chart of the ETC/USD pair (Knowledge feed by way of Kraken).
  • The pair stays increased and it would proceed to transport upper above the $22.00 stage.

Ethereum vintage worth is positioned in a cast uptrend towards america Greenback and Bitcoin. ETC/USD might proceed to transport upper and it would take a look at $25.

Ethereum Vintage Worth Improve

The previous few classes had been tremendous bullish as ETC worth surged from the $18.00 swing low towards america buck. The ETC/USD pair traded upper and broke the $20.00 barrier to transport right into a bullish zone. It even cleared promote provides close to $21.00 and traded in opposition to $22.00. A top used to be shaped at $21.91, and it kind of feels like the associated fee stays in a cast uptrend above $20.00.

An preliminary make stronger is across the 23.6% Fib retracement stage of the remaining leg from the $19.87 low to $21.91 top. Extra importantly, there are two bullish development strains forming with make stronger at $21.00 and $20.50 at the hourly chart of the ETC/USD pair. Beneath the primary development line, the 50% Fib retracement stage of the remaining leg from the $19.87 low to $21.91 top is at $20.89. The discussed $20.90-21.00 space is an important make stronger because it used to be a resistance previous. If the associated fee corrects decrease from the present ranges, the $20.90-21.00 space is prone to act as a good purchase zone.

Ethereum Classic Price Technical Analysis ETC USD

The chart issues that the associated fee will possibly boost up good points above $21.91. A spoil above the $22.00 stage may just transparent the trail for an acceleration in opposition to the $25.00 stage. An intermediate resistance is as regards to $23.60.

Hourly MACD – The MACD for ETC/USD is gaining momentum within the bullish zone.

Hourly RSI – The RSI for ETC/USD is recently close to the overbought ranges.

Main Improve Degree – $20.90

Main Resistance Degree – $22.00

About thenewsheadline

Check Also

With A $20 Million Tron (TRX) BuyBack Plan, Bulls Are Vibrant

Tron (TRX) up 14.7 %, might turn XLM A $20 million TRX buyback may stir …

Leave a Reply

Your email address will not be published. Required fields are marked *