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ETCUSD heading for mid-term reversal?
As the chart shows, ETCUSD may be breaking the upward trend line and head for mid-term reversal. This needs to be confirmed if it fails to close above the trend line in the coming days. The mid-term resistance level has not been successfully broken. There are also bearish divergences (see chart).
Combined with the general market context where ETHUSD is getting traction. It will be hard to see ETC delivering in the short-term.
Combined with the general market context where ETHUSD is getting traction. It will be hard to see ETC delivering in the short-term.
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