Ethereum Classic Price Analysis: Can ETC/USD Hold The $10.00 Support?

Key HighlightsEthereum classic cost and broke the $12. 20 support amounts from the US dollar. There is a key linking bearish trend line forming resistance at $11. 30 about the hourly chart of this ETC/USD set (Data feed through Kraken). The set is gradually adjusting higher towards the 11. 30 resistance degrees. Ethereum classic cost created a sharp U-turn from the US Dollar and Bitcoin. 50 service and is presently in danger of clearing $10. Ethereum Classic Price SupportIt appears like ETC cost was rejected from well above the $14.00 level from the US dollar. The ETC/USD pair traded and merged over the 12. 50 service for a while. However, vendors had the upper hand since they succeeded in clearing the $12. The price dropped sharply under the 12. The decrease was such that the cost even broke the $11. 50 service amounts. A brand new monthly low was made at $10. 11 and also the cost is presently correcting higher. It is analyzing the 23.6percent Fib retracement level of the previous fall from the $13. 11 low. There is also a key linking bearish trend line forming resistance at $11. 30 about the hourly chart of this ETC/USD pair. Above the trend line, the upcoming significant resistance is close $11. 80. It signifies the 50percent Fib retracement level of the previous fall from the $13. 43 high to $10. 11 low. On the disadvantage, the 10. 00 support zone holds a great deal of significance. Ethereum Classic Price Analysis ETC USDThe chart indicates that ETC cost may fix several points involving $11. 50-12. 00 zone) However, if buyers don’t take control over $11. 20, the purchase price may fall further. In the instance, ETC could break the $10. 00 manage to check the 9. 25 support. Hourly MACD — The MACD for ETC/USD is put greatly in the bullish zone. Hourly RSI — The RSI for ETC/USD is currently well under the 30 level. Major Support Level — $10. 00Major Resistance Level — $11. 80Original post initially appeared in https://www.newsbtc.com/2018/08/14/ / ethereum-classic-price-analysis-can-etc-usd-hold-the-10-00-service /

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