TRENDING:
Fed interest rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

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.

More from Rajarshi Mitra
Share:

Editor's Picks

XRP recovery stalls as Ripple and Robinhood expand partnership scope

XRP recovery stalls as Ripple and Robinhood expand partnership scope

Technically, XRP is still in the woods, with the 50-day EMA limiting the token’s recovery potential. Ripple (XRP) faces short-term hurdles, trading around $1.33 on Wednesday.

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 on Wednesday, extending its recovery as investors await the Fed’s policy decision and upcoming Big Tech earnings. Spot Bitcoin ETFs record an inflow of $175.99 million on Tuesday, marking a second consecutive day of inflows.

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Bitcoin has renewed its advance above $81,000 on Wednesday, lifting sentiment across the cryptocurrency market ahead of the upcoming Fed's interest rate decision. Ethereum follows in Bitcoin’s footsteps. Ripple is similarly edging higher above $1.33.

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network hovers around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.