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  • ETC/USD bears took charge following three consecutive bullish days.
  • ETC/USD bulls face stiff resistance at $7.34.

ETC/USD daily confluence detector


ETC/USD bears took control of the market after three consecutive bullish days, taking down the price from $7.27 to $7.18. The daily confluence detector has one strong resistance and support level at $7.34 and $6.90, respectively.

The $7.34 resistance level has the Previous Month high, 15-min Bolinger Band middle curve, one-hour SMA 5, 4-hour SMA 5 and 15-min SMA 50. Finally, the $6.90 support level has the one-month Pivot Point resistance-one.