Ethereum Classic Price Technical Analysis – ETC/USD’s Upside Remains Capped

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 connecting bullish trend line with support at $14.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
The pair is currently correcting higher, but upsides are likely to be capped by $14.00 and $14.50.

Ethereum classic price failed to gain momentum against the US Dollar and bitcoin. ETC/USD remains bearish as long as it is below $15.00

Ethereum Classic Price Support

There was a short-term upside move towards the $15.00-15.20 levels recently in ETC price against the US dollar. The ETC/USD pair failed to move above the $15.20 resistance and started a downside move. It declined and traded below the $15.00 and $14.80 support levels. Moreover, there was a close below the $14.50 level and the 100 hourly simple moving average.

During the decline, there was also a break below a connecting bullish trend line with support at $14.30 on the hourly chart of the ETC/USD pair. The pair traded towards the $13.00 handle and formed a low at $13.15. At the moment, the price is recovering and testing the 23.6% Fib retracement level of the last decline from the $15.19 high to $13.15 low. However, there are many barriers on the upside near the $14.50 level. The 100 hourly SMA is positioned near 50% Fib retracement level of the last decline from the $15.19 high to $13.15 low.

Therefore, the $14.50 level may perhaps act as a strong hurdle. Above $14.50, the price may retest the $15.00 level. On the downside, the price may retest the last swing low of $13.00. A break below $13.00 could ignite further declines towards $12.00.

Hourly MACD – The MACD for ETC/USD is slightly moving in the bullish zone.

Hourly RSI – The RSI for ETC/USD is moving higher towards the 50 level.

Major Support Level – $13.00

Major Resistance Level – $15.00

Charts courtesy – Trading View

Published at Thu, 05 Apr 2018 08:00:38 +0000

Analysis

April 2, 2017

Is the Russian Government Insouciant?

paulcraigroberts.org / Paul Craig Roberts / April 1, 2017

On March 1 the US National Reconnaissance Office launched a spy satellite carried by an Atlas V rocket that was powered by a Russian RD-180 engine. http://www.counterpunch.org/2017/03/31/the-beneficiaries-of-conflict-with-russia/

The Unites States, an alleged “superpower,” is not capable of putting its own spy satellites into space. The “superpower” is dependent on Russia, which provides the “superpower” with the rocket engines to put up spy satellites to spy on Russia!!! http://www.foxnews.com/science/2014/07/17/us-too-dependent-on-russian-rocket-engines-experts-tell-lawmakers.html

Here we have in Lenin’s words, the Russians selling Washington the rope with which to hang Russia!

Does Russia value a few more US dollars more than it values its national existence? Apparently so.

Do the Atlanticist Integrationists, the Washington funded and supported Fifth Column inside Russia, inside the Russian media, and inside the Russian government, so much desire to be part of the decadent and immoral West that they are willing to sacrifice Russian sovereignty and are willing, like all of Europe, Canada, Australia, and Japan, to be Washington’s vassal? Yes.

READ MORE

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Ethereum Classic Price Technical Analysis – ETC/USD’s Upside Remains Capped

Key Highlights

Ethereum Classic Price Support

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