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

Published date: 28 Aug. 2020 | 00:12

ETC/USD daily confluence detector

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.

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