Ethereum Classic: Traders can capitalize on this shorting opportunity

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Ethereum Classic: Traders can capitalize on this shorting opportunity

Ethereum Classic was primed for further downside after breaking south from a parallel channel. A close below the daily 20-SMA (red) could extend another 15% sell-off if no pushback is offered at $48.2. The outlook was backed by a weak reading on the RSI and a bearish DMI which showed no signs of reversing trajectory. […]

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