Ethereum Classic vs Bitcoin Consolidation

27 בנוב׳ 2022

The bulls have the upper-hand here.

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.

Namaste.