LochubT

ETC, is expected to head and shoulders top.

Short
KRAKEN:ETCUSD   Ethereum Classic / U.S. Dollar
The following content is machine translation:

In the 4-hour chart, the pattern structure is similar to the head and shoulders pattern, and the shoulders are currently forming, which is bearish .
The fast and slow line of the indicator macd runs above the zero axis, and the opening is distributed downward. The RSI indicator has dropped from the overbought area to the current neutral 50, and the trend is downward, and there is still room below.
In operation, the head-and-shoulders pattern cooperates with the macd indicator and the RSI indicator to weaken and bearish , and go short on rallies within the day.

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