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Ethereum Classic Price Forecast: ETC/USD bulls must conquer $7 resistance level to continue upward momentum – Confluence Detector

Ethereum Classic Price Forecast: ETC/USD bulls must conquer $7 resistance level to continue upward momentum – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

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ETC/USD bulls have taken charge of the market as the price went up from $6.76 to $6.86. The bulls will next face resistance at $7. This level has the one-day SMA 10, among many others. On the downside, we have healthy support levels at $6.85 and $6.78-$6.81. 

The former has the $6.85 has the 15-min and one-hour Previous Lows. Aside from that, you also have a strong range of support levels between $6.78-$6.81. This range has the one0day Previous High and one-month Fibonacci 38.2% 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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