Ethereum Classic Price Forecast: ETC/USD peeks above $6.50 – Confluence Detector
|ETC/USD daily confluence detector
ETC/USD bulls were able to push the price above the $6.50 zone. The price had earlier gone up from $6.34 to $6.54. The daily confluence detector shows three strong resistance levels at $6.60, $6.68 and $6.80.
The $6.60-level has the one-day SMA 100 and one-day SMA 5. Following that, the $6.68 one-day SMA 20 and 4-hour Bollinger Band upper curve. Finally, the $6.80 resistance level is highlighted by the one-month Fibonacci 38.2% retracement level.
On the downside, healthy support lies at $6.34. This level has the one-day Fibonacci 23.6% retracement level and one-day Bollinger Band lower curve
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.