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Ethereum Classic Price Prediction: ETC/USD bulls face resistance at $7.58 – Confluence Detector

Ethereum Classic Price Prediction: ETC/USD bulls face resistance at $7.58 – Confluence Detector
Rajarshi MitraRajarshi MitraIndependent Analyst

ETC/USD daily confluence detector

fxsoriginal

ETC/USD bulls took charge of the market and pushed it up from $7.26 to $7.445. The daily confluence detector shows one strong resistance level at $7.58. This level has the Previous Month high. 

On the downside, we have two healthy support levels at $7.26 and $7.10. The former has the one-week Pivot Point resistance-one, 4-hour SMA 10 and one-hour SMA 50. The $7.10-level has the one-month Fibonacci 23.6% retracement level, one-hour and 4-hour SMA 100 curve.
 

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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