- ETC/USD bulls take over the market as they attempt to break price past $4.50 barrier.
- ETC/USD daily confluence detector shows very strong lines of support, indicating that the market may not drop any time soon.
ETC/USD bulls have rallied back to bring the price of the asset over $4.50. The daily confluence detector shows that ETC/USD has some very strong areas of support from which to bounce back in case of a price drop.
ETC/USD daily confluence drop
The possible lines of support are at $4.03, $3.99, and $3.82. The confluence for those lines are as follows:
- $4.03: 15-min lower Bollinger band
- $3.99: 10-day simple moving average, 4-hour middle Bollinger band, daily 61.8% Fibonacci retracement level.
- $3.82: 4-hour lower Bollinger band and monthly pivot point.
The levels of resistance are at $4.15, $4.26, and $4.30. Confluences at resistance levels are:
- $4.15: Monthly pivot point
- $4.26: Monthly 61.8% Fibonacci retracement level.
- $4.30: Weekly Fibonacci 38.2% retracement level, daily middle Bollinger band.
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