quantguy

Ethereum Classic Ranging, Breakout Likely

Long
KRAKEN:ETCUSD   Ethereum Classic
Ethereum classic has regained momentum and is making an effort to test and break all-time highs again. It is consolidating at the moment, in the all too familiar dragon head pattern indicative of a cryptocurrency winding up for another push. We are pushing up against the upper bound of the KRI, which indicates that some consolidation or pullback may continue in the short term, however both Kovach Momentum indicators are still very strong.

Check out the Kovach Indicators here!

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