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Ethereum Classic Consolidates, Poised for Breakout

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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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