ETC makes higher high, but still stuck in channel, like Bitcoin
I wanted to point out the channel that has been formed off of the (thus far) crypto bottom.
Ethereum Classic has actually made a higher high in price, but found resistance at the top of its channel.
Bitcoin is nearing the support of its channel, so really needs to see a bounce soon, and not fall below the channel.
Also, ETC/BTC pair printed an 83+ on hourly RSI, and then could be forming a bearish divergence. Which conceivably gives ETC room to rest, and BTC room to bounce.
Not giving a trade here, just wanted to point a few things out that I noticed to give a different perspective.
Travis
JMJ - UIOGD
Ethereum Classic has actually made a higher high in price, but found resistance at the top of its channel.
Bitcoin is nearing the support of its channel, so really needs to see a bounce soon, and not fall below the channel.
Also, ETC/BTC pair printed an 83+ on hourly RSI, and then could be forming a bearish divergence. Which conceivably gives ETC room to rest, and BTC room to bounce.
Not giving a trade here, just wanted to point a few things out that I noticed to give a different perspective.
Travis
JMJ - UIOGD