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Procinctu
Dec 2, 2018 11:37 PM

ETC makes higher high, but still stuck in channel, like Bitcoin 

Bitcoin / U. S. DollarKraken

Description

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
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