íàçâàíèå

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

Key Highlights


Ethereum classic price accelerated gains and broke the $20 resistance level against the US dollar.
There are two bullish trend lines forming with support at $21.00 and $20.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair remains elevated and it could continue to move higher above the $22.00 level.

Ethereum classic price is placed in a solid uptrend against the US Dollar and Bitcoin. ETC/USD may continue to move higher and it could test $25.

Ethereum Classic Price Support

The past few sessions were super bullish as ETC price surged from the $18.00 swing low against the US dollar. The ETC/USD pair traded higher and broke the $20.00 barrier to move into a bullish zone. It even cleared sell offers near $21.00 and traded towards $22.00. A high was formed at $21.91, and it seems like the price remains in a solid uptrend above $20.00.

An initial support is around the 23.6% Fib retracement level of the last leg from the $19.87 low to $21.91 high. More importantly, there are two bullish trend lines forming with support at $21.00 and $20.50 on the hourly chart of the ETC/USD pair. Below the first trend line, the 50% Fib retracement level of the last leg from the $19.87 low to $21.91 high is at $20.89. The mentioned $20.90-21.00 area is a significant support since it was a resistance earlier. If the price corrects lower from the current levels, the $20.90-21.00 area is likely to act as a decent buy zone.

The chart points that the price will most likely accelerate gains above $21.91. A break above the $22.00 level could clear the path for an acceleration towards the $25.00 level. An intermediate resistance is close to $23.60.

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

Hourly RSI – The RSI for ETC/USD is currently near the overbought levels.

Major Support Level $20.90

Major Resistance Level $22.00

The post Ethereum Classic Price Technical Analysis ETC/USD Bullish above $20 appeared first on NewsBTC.

24.04.2018 / 01:10 36
Ethereum Price Technical Analysis – ETH/USD Breaks Key Resistance Ethereum Price Technical Analysis –
Key Highlights ETH price surged higher and broke a major resistance at $535-540 against the US Dollar. There is a major bullish trend line forming
Ethereum Classic Price Technical Analysis – ETC/USD Targets $20 Ethereum Classic Price Technical
Key Highlights Ethereum classic price is surging higher and is currently placed nicely above $17.00 against the US dollar. There was a break above a
Ethereum Classic Price Technical Analysis – ETC/USD Could Extend Gains Ethereum Classic Price Technical
Key Highlights Ethereum classic price corrected lower after trading as high as $17.01 against the US dollar. There was a break below a connecting
Ethereum Classic Price Technical Analysis – ETC/USD’s Upside Remains Capped Ethereum Classic Price Technical
Key Highlights Ethereum classic price declined and retested the last swing low near $13.00-13.20 against the US dollar. There was a break below a
Ethereum Classic Price Technical Analysis – Can ETC/USD Hold $15? Ethereum Classic Price Technical
Key Highlights Ethereum classic price is in a bearish zone and is struggling to hold the $15 level against the US dollar. There is a crucial bearish
Ethereum Classic Price Technical Analysis – ETC/USD Bullish above $19 Ethereum Classic Price Technical
Key Highlights Ethereum classic price recovered further and moved above the $19.00 level against the US dollar. There is a major bullish trend line
Comments (0)
Add a comment
Comment on