Capitalizations Index – B ∞/21M
More detail: https://bitscreener.com/coins/huncoin
Huncoin (Symbol: HNC) is a South Korean PoW digital currency emploting the X13 algorithm. The HNC Token functions as the native asset on the HunCoin blockchain system, this is similar to the way bitcoin is the native asset for the decentralized blockchain bitcoin.
Ethereum classic price is slowly gaining pace against the US Dollar and bitcoin. ETC/USD may continue to move higher above the $32 level.
It seems like a formed around the $25.00 level in ETC price against the US Dollar. The price moved higher and broke the $26.00 resistance level. There was a break above the 23.6% Fib retracement level of the last decline from the $41.00 high to $24.89 low. ETC buyers were successful in breaking the $27.00 resistance and the 100 hourly simple moving average.
More importantly, there was a break above a major bearish trend line at $29.00 on the hourly chart of the ETC/USD pair. At the moment, the pair is attempting a break above the 38.2% Fib retracement level of the last decline from the $41.00 high to $24.89 low. Once there is a proper close above the $31.09 resistance, there can be more gains. The price could above the $32.00 level. The next resistance is around the 50% Fib retracement level of the last decline from the $41.00 high to $24.89 low.
On the downside, the $29.00 level and the 100 hourly SMA is a decent support and a buy zone. The overall trend is positive above the 100 hourly SMA and the price could easily break the $32.00 level in the near term.
Hourly MACD – The MACD for ETC/USD is almost flat and is showing a few bullish signs.
Hourly RSI – The RSI for ETC/USD is currently well above the 50 level is moving higher.
Major Support Level – $29.00
Major Resistance Level – $32.00
Charts courtesy –
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