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Ethereum Classic Price Forecast: ETC/USD bulls aim for $6.50 – Confluence Detector

Ethereum Classic Price Forecast: ETC/USD bulls aim for $6.50 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

fxsoriginal

ETC/USD went up from $6.467 to $6.496 in the early hours of Thursday. The daily confluence detector shows three strong resistance levels at $6.62, $6.675 and $6.80. On the downside, we have a healthy support level at $6.48.

$6.62 has the Previous Week low, while the $6.675-level has the one-day Pivot Point one resistance-three. Finally, the $6.80 resistance level has the one-month Fibonacci 38.2% retracement level. The $6.48 support level has the one-day Previous Low.
 

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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