ETCUSD
Ethereum Classic Price Resistance
There were decent gains in the ETC award above $ 30.00 against the US dollar. The price was traded as high as $ 33.41, from which a downside wave was initiated. It moved below 23.6% Fib retracement level of the last wave from $ 26.00 low to $ 33.41 high. The drawback is moved out under the support area for $ 31.00, which ignites additional shoppers.
During the downside movement, there was a break below an important bullish line of draw with $ 30.30 on the timetable for the ETC / USD pair. The pair currently tests the support of $ 29.60 and the 100-hour simple moving average. In addition, the 50% Fib retracement level of the last wave works from $ 26.00 low to $ 33.41 high also as a support. However, the couple is now under $ 30.80, and $ 30.20 supports, which means there is a risk of multiple falls.
On the backside there is a connecting bearish trend line that produces resistance of $ 30.20. A break over the trend line and $ 30.50 is required to avoid further drops. Over $ 30.50, the price could recover $ 33.00 swing high in the short term.
There were decent gains in the ETC award above $ 30.00 against the US dollar. The price was traded as high as $ 33.41, from which a downside wave was initiated. It moved below 23.6% Fib retracement level of the last wave from $ 26.00 low to $ 33.41 high. The drawback is moved out under the support area for $ 31.00, which ignites additional shoppers.
During the downside movement, there was a break below an important bullish line of draw with $ 30.30 on the timetable for the ETC / USD pair. The pair currently tests the support of $ 29.60 and the 100-hour simple moving average. In addition, the 50% Fib retracement level of the last wave works from $ 26.00 low to $ 33.41 high also as a support. However, the couple is now under $ 30.80, and $ 30.20 supports, which means there is a risk of multiple falls.
On the backside there is a connecting bearish trend line that produces resistance of $ 30.20. A break over the trend line and $ 30.50 is required to avoid further drops. Over $ 30.50, the price could recover $ 33.00 swing high in the short term.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.