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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.
Ethereum Classic Price Analysis: ETC/USD bulls need to overcome $7.34 resistance to reach $8 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

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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

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.

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