The chart suggests that the price may slowly move higher towards $19.00. Once there is a proper close above the 100 hourly SMA, the price may accelerate gains towards the last swing high of $19.87. Above this, the next major hurdle for buyers is near $20.00.
Hourly MACD – The MACD for ETC/USD is slowly moving in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently place nicely above the 50 level.
Major Support Level – $17.00
Major Resistance Level – $18.40
