ETCEUR: Ethereum classic has a very overextended rally, risky

$ETCEUR has had a great run lately, probably thanks to $ETH's calm sideways correction, and positive fundamentals coming out for it, like changes in monetary policy, news about the Grayscale ETF for it, and others. Now that $ETHEUR is in a strong rally again, $ETCEUR might top the advance, either starting a sideways consolidation, or simply moving slower than $ETHEUR if going up. It can also start a correction and go down to test support levels. If the support below doesn't hold and it accelerates below the weekly stop on chart here, it could retest the accumulation zone below.

It is best to reduce exposure to $ETCEUR now, either sell, or simply hold less coins.

Good luck,

Ivan Labrie.

Commentaire:

Looks like we had nailed the top in it.