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Ethereum Classic Price Prediction: ETC/USD bogged down by heavy resistance levels

Ethereum Classic Price Prediction: ETC/USD bogged down by heavy resistance levels
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

fxsoriginal

ETC/USD bears took control of the market as the price fell from $6.47 to $6.26. The daily confluence detector shows three strong resistance levels at $6.31, $6.42 and $6.62. 

The one-month Fibonacci retracement level highlights the $6.31 level. Up next, $6.42 has the one-day Previous low and finally, the $6.62-level is highlighted by the Previous Week low and daily Pivot Point one resistance-two. On the downside, healthy support lies at $6.12, which has the monthly Pivot Point one support-one.
 

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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