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Ethereum Classic Price Forecast: ETC/USD bulls and bears wrestle for control – Confluence Detector

  • ETC/USD oscillates around the $7.36 price level.
  • The daily confluence detector has two strong resistance levels at $7.60 and $7.65.
Ethereum Classic Price Forecast: ETC/USD bulls and bears wrestle for control – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

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ETC/USD bears edged out the bulls this Tuesday as the price kept oscillating around the $7.36-level.  The daily confluence detector has two strong resistance levels at $7.60 and $7.65. The former has the Previous Month high and one-week Pivot Point resistance-two. The $7.65-level has the one-week Fibonacci 161.8% retracement level, among others.

On the downside, there are two healthy support levels at $7.14 and $7.11. The former has the one-day Pivot Point support-one. Finally, the $7.11-level has the one-day Previous Low and one-month Fibonacci 23.6% retracement level.
 

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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