For all the geniuses that trade ETH pairs, here we are looking at Ethereum Classic vs Ethereum (ETCETH).
We have a dropped that stopped at 0.786 Fib. retracement support, so a potential bounce is in play.
Below this level, marked blue on the chart, prices can easily move lower. While above this level we start to see the bullish potential.
The MACD and RSI are starting to curve and forming a cup... If there is enough follow up and prices can move above EMA10, ETCETH can easily continue higher.
Thanks a lot for reading.
Namaste.
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