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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.
Ethereum Classic Price Forecast: ETC/USD bulls aim for $7 level – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

fxsoriginal

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

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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