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Ethereum Classic Price Forecast: ETC/USD lacks strong resistance on path back to $7.50 – Confluence Detector

Ethereum Classic Price Forecast: ETC/USD lacks strong resistance on path back to $7.50 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

fxsoriginal

ETC/USD went up from $7.27 to $7.40 this Thursday. The daily confluence detector shows a lack of strong resistance levels on the upside. On the downside, we have two healthy support levels at $7.06 and $7.34. The $7.06 line has the Previous Month high, while the $7.34-level has the one-day SMA 200 and one-week Pivot Point resistance-three. If the bulls remain in control this Friday, they should be able to push the price up to $7.50.


 

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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