Rajarshi Mitra
Independent Analyst
ETC/USD daily confluence detector
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.
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