quantguy
Panjang

Ethereum Classic Stands Out

KRAKEN:ETCUSD   Ethereum Classic / Dollar
Ethereum             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.

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Are we still looking at a retracement to about $30? I feel like this coin is poised for a big run. It's under appreciated currently and as attention shifts to alts, this is poised well to run with an alt coin up trend.
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