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Ethereum Classic Price Forecast: ETC/USD sits on top of healthy support – Confluence Detector

Ethereum Classic Price Forecast: ETC/USD sits on top of healthy support – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

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ETC/USD bears have taken the price down from $6.75 to $6.59 this Monday. To continue their downward momentum, they will look to break below the $6.575 support line, which has the daily Pivot Point one support-one, one-hour Previous Low, among others.

On the upside, the price has two strong resistance levels at $6.64 and $6.86. The former is highlighted by the one-week Fibonacci 61.8% retracement level and one-day SMA 10, while the latter has the one-day Previous High.
 

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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