Ethereum Classic Price Analysis: ETC/USD bulls need to overcome $7.34 resistance to reach $8 – Confluence Detector
- ETC/USD bulls were in control of the market today.
- Daily confluence detector has two healthy support levels at $6.90 and $7.05.
ETC/USD daily confluence detector
ETC/USD bulls were in control of the market this Tuesday as the price rose from $7.12 to $7.28. As per the daily confluence detector, the bulls can take the price to the $8-zone, provided they over the $7.34 resistance level. The confluences in this level is highlighted by the Previous month high.
On the downside, we have two healthy support levels at $6.90 and $7.05. $6.90 has the one-month Pivot Point resistance-one. Finally, the $7.05-level has the one-week Pivot Point resistance-three.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
