Home / Ripple / Price analysis of undulations: upward XRP / USD model, 14 sets.

Price analysis of undulations: upward XRP / USD model, 14 sets.

  • The classic price of Ethereum is experiencing tension under the resistance from $ 11.20 and $ 11.40 against the US dollar.
  • There is a direct decline with resistance to $ 11.00 on the hourly profile of ETC / USD (Information Feed by Kraken).
  • The pair remains at risk of further declines provided it is below the resistance of $ 11.00 and $ 11.20.

Ethereum Classic Price as a late-found support against the US dollar and bitcoin. ETC / USD is recovering, however the rises could be exceeded by $ 11.00 and $ 11.20.

Ethereum Classic Price Resistance

There was a 'disadvantage expansion in Ethereum classic price under $ 11.00 support territory against the US dollar. The pair ETC / USD decreased below support levels $ 10.50 and $ 10.25. He traded from $ 10.15 before the buyers showed up. Later, there was an upward remedy and the Ethereum Classic price returned above $ 10.50. There was also a pause on the half-Lie retracement level of the last decrease, from $ 11.49 up to $ 10.15 down.

In any case, the upward move was surmounted by the resistance zone of $ 11.00. Furthermore, the Lie retracement level of 61.8% of the last decay from the low of $ 11.49 to the low of $ 10.15 has halted the upward move. There is also a declining deviation set with resistance to $ 11.00 on the hourly chart of the pair ETC / USD . Beyond the channel resistance, the 100-hour SMA is approached at the $ 11.10 level. In this way, it seems that it is not easy for buyers to zero the resistance levels of $ 11.00, $ 11.10 and $ 11.20. In the event that there is a net decrease, the $ 10.40 level is an underlying support.

  ETCUSD Price Chart September 13

ETCUSD Price Chart September 13

Chart recommends Ethereum Classic Price could slip again in case you fail to overcome the resistance of $ 11 , 20. Over $ 11.20, the ETC price could rise back to $ 11.80 and $ 12.00 short-term levels.

MACD time – MACD for ETC / USD is marginally set in the bullish zone.

RSI timetable – The RSI for ETC / USD is currently moving lower towards level 50.

Real Support Level – $ 10.40

Royal Resistance Level – $ 11.20

Source link