Classic is the only other Altcoin on this list besides BCH which has maintained its bull momentum, consistently testing the upper bound of the KRI
. Long wicks on the candles do suggest some ambivalence, and the red triangle on the upper bound of the KRI
marks a rejection pattern yesterday. But otherwise, the Kovach OBV is still strong, and the Kovach Chande has dipped indicating we may see further retracement. Additionally, we have not tested the central moving average of the KRI
in some time, which seems to correspond with a nested Fibonacci Level of $30.90.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here
For daily commentary on cryptocurrencies, subscribe to our newsletter