Not taking any position just yet. Otherwise, consider a long at the bottom of the channel with a small stop loss - quite a straight forward play with a large R/R.
Share your thoughts; what do you think will happen between ETC & ETH?
Trade ETH & ETC with up to 33x leverage on BitMEX!
P.S. A lot of what I'm saying in terms of timelines depend largely on BTC breaking ATH -1.50% with a parabolic move sometime in June-August. However, in another scenario I could see this happen 2 months earlier. There are various reasons why I say so, but god knows what will happen.
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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.