Ethereum Classic Consolidates, Poised for Breakout

ETC has continued to face resistance against its attempt to breakout from the dragon head pattern discussed previously. Although it has briefly made new highs at the psychological $34 level, it seems to be facing increased resistance at the upper bound of the KRI at $32.75 or so. We may see some further consolidation, but the red triangle on the KRI indicates a reversal pattern which is foreboding.

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