There is a noteworthy bearish pattern line set up with opposition at $9.35 on the hourly diagram of the ETC/USD match (Data feed by means of Kraken).
The combine may amend higher temporarily, however merchants stay in charge close $9.30 and $9.40.
Ethereum great value fell strongly against the US Dollar and Bitcoin. And so on/USD remains offer on mobilizes close to the $9.30 and $9.40 opposition levels.
Ethereum Classic Price Analysis
The ETC/USD match stayed in a bearish zone and it declined underneath the $9.50 and $9.40 bolster levels. The ongoing decay was with the end goal that the cost even broke the $9.00 bolster and settled beneath the 100 hourly straightforward moving normal. A low was shaped at $8.81 before the cost began an upside remedy.
It moved over the 23.6% Fib retracement level of the ongoing decay from the $9.60 high to $8.81 low. It appears as though the match may redress advance higher, however there are numerous obstacles close $9.20, $9.30 and $9.40. There is additionally a noteworthy bearish pattern line set up with opposition at $9.35 on the hourly graph of the ETC/USD combine. Additionally, the half Fib retracement level of the ongoing decay from the $9.60 high to $8.81 low is close $9.20 to go about as a strong opposition. Consequently, if the cost rectifies higher, it could confront venders close $9.20, $9.30 and $9.40.
The diagram proposes that ETC cost return in a bearish zone beneath the $10.00 handle. On the drawback, a legitimate break and close beneath the $9.00 level may drive the cost towards the $8.50 level.
Hourly MACD – The MACD for ETC/USD is as of now moving in the bullish zone.
Hourly RSI – The RSI for ETC/USD is still well underneath the 50 level.
Real Support Level – $9.00
Real Resistance Level – $9.30
Labels: ETC, Ethereum Classic