Ethereum Classic Price Forecast: ETC/USD lacks healthy support – Confluence Detector
|ETC/USD daily confluence detector
ETC/USD bears took the price down from $6.85 to $6.43. As per the daily confluence detector, there is a lack of healthy support levels, which shows that further price drops can be expected. On the upside, we have two strong resistance levels at $6.77 and $6.80.
$6.77 has the daily Pivot Point one support-one and one-day SMA 200. Up next, the $6.80-level has the one-month Fibonacci 38.2% retracement level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.