Ethereum Classic vs Tether Top Hit? Incoming Retrace?

6 feb 2020

Let's take a look at Ethereum Classic vs Tether (ETCUSDT), in this chart we have multiple bearish signals starting to develop...

• First, we have a bearish candle today and bear/red volume increasing.
  
  
• There is bearish divergence with the MACD and RSI, while both indicators are also trending down.
  
  
• Recently EMA300, EMA200, and MA200 were conquered but haven't been tested as support, prices are likely to gravitate towards these lines.
  

Conditions for change
If ETCUSDT moves and closes above 13.2228, the above signal becomes invalid and a new analysis is needed.

Thanks a lot for reading.

Namaste.