Ethereum Classic peaked 6-September vs Bitcoin. A strong correction followed which ended in a sudden stop, flat.
Going flat at exactly the 0.618 Fib. retracement level which is the Golden ratio and at the same time MA200 support, on low volume, is a strong giveaway if you are into reading the charts.
Some more consolidation yet at any time, ETCBTC can shoot up.
A drop is always possible but low propbability at this point. Support remained intact 8-9 Nov. when we had a strong drop all across... If it didn't fail back then, now we just wait for the move up.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.