ETC/USD daily confluence detector
ETC/USD bulls and bears are fighting for control of the market in the early hours of Thursday. It is currently priced at around $6.304. As per the daily confluence detector, there are two moderate-to-strong resistance levels at $6.35 and $6.57. The former has the one-day Fibonacci 38.2% retracement level, while the latter has the one-hour SMA 200. If the buyers can conquer these levels, they should be able to take the price up to $6.75.
On the downside, there are two healthy support levels at $6.23 and $6.25. The $6.23-level has the Previous Month low and Previous Week low. Finally, the $6.25-level has the one-day Fibonacci 23.6% retracement level and weekly Pivot Point one support-one.
Reprinted from fxtsreet , the copyrights all reserved by the original author.
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