Ethereum Classic Price Forecast: ETC/USD bulls aim for $7 level – Confluence Detector
- ETC/USD bulls regained control this Tuesday after a bearish Monday.
- The daily confluence detector shows a lack of strong resistance levels on the upside.
ETC/USD daily confluence detector
ETC/USD bulls re-entered the market following a heavily bearish Monday. The price has gone up from $6.596 to $6.71. The daily confluence detector shows a lack of strong resistance levels on the upside. If the buyers retain control, they should be able to aim for the $7-level. On the downside, we have two healthy support levels at $6.70 and $6.58.
The $6.70-level is highlighted by the Bollinger Band middle curve and one-day SMA 50. Following that, the $6.58-level has the one-day Previous Low and one-day SMA 200.
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.
