Ethereum classic price prediction: ETC/USD bulls begin uneasy journey back into the $5-zone
|- ETC/USD confluence detector shows healthy resistance at $4.72.
- Support levels at the downside include $4.66 and $4.62.
ETC/USD has gone up from $4.69 to $4.70 so far today. As the bulls take back control of the market, they aim to re-enter the $5-zone. The upside is immediately capped at $4.72, which has massive resistance. The hourly breakdown shows us that the price spiked to $4.75, met resistance and then dropped to $4.70. On the downside, support levels lie at $4.66 and $4.62.
ETC/USD daily confluence detector
Healthy resistance lies at $4.72 and $4.97. $4.72 has the four-hour previous high, one-week Fibonacci 61.8% retracement level, 10-day Simple Moving Average (SMA 10) curve, one-hour previous low and 15-min previous high. $4.97 has the one-month Fibonacci 23.6% retracement level.
On the downside, support levels lie at $4.66 and $4.62. $4.66 has the SMA 10 and one-day Fibonacci 38.2% retracement level, while $4.62 has the SMA 5 curve and one-week 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.