A retracement in sight for Ethereum Classic?
First, its Money Flow Index was spotted at 88 as of this writing. Toeing the same path, ETC’s Relative Strength Index was pegged at 63.79 in an uptrend. These positions indicated that ETC was overbought. Further, an assessment of ETC’s Bollinger Bands showed that the altcoin was severely volatile at press time. Although ETC’s price broke above the upper band of the indicator, which indicated a continuation of the bullish trend, the width between the upper and lower bands widened. This suggested high volatility.
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Source: CryptoAmb - 🏆 22. / 68 Read more »