- ETC/USD has great potential for growth as daily confluence detector shows no substantial resistance ahead.
- The bulls can use strong support at $3.84 to strike hard at the bears.
ETC/USD bulls should have a field day today as the daily confluence detector shows no substantial resistance ahead. The bulls can also use the strong support line at $3.84 to fight the bears.
ETC/USD daily confluence detector
The confluences at significant resistance and support levels are as follows.
Resistance levels:
- $4.11: Weekly 61.8% Fibonacci retracement level and daily Bollinger band middle curve.
- $3.95: Weekly 23.6% Fibonacci retracement level and 10-day simple moving average (SMA 10) curve.
Support levels:
- $3.89: SMA 10, hourly previous low, daily 23.6% Fibonacci retracement, 15-min Bollinger band middle, SMA 5.
- $3.84: Previous month low, previous week low, and 4-hour Bollinger band middle.
Share
