RATE Group | Maker rips higher and ETC/USD outperforms the majors
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Maker rips higher and ETC/USD outperforms the majors

29 May Maker rips higher and ETC/USD outperforms the majors

Posted at 20:12h in Cryptocurrency News by

  • Crypto sentiment is very mixed on Friday as the majors are mostly in the red.
  • Bitcoin market gets ready for CME futures expiration.
  • Coinbase confirms MKR listing.
  • launch dates for Cardano’s Shelley upgrade have been revealed.

General sentiment has been very indifferent on Friday as most of the major coins trade in the red but ETC/USD pushes over 5% higher. Bitcoin failed to gather any real momentum from Thursday’s bullish close after breaking through the 9K level once again two sessions ago. The Relative Strength Index indicator has now moved back above the 50 mid-point but looking at the MACD there are some mixed signs. The MACD histogram is still in the red but the signal lines are above the zero level at least. Overall the trend is still firmly higher but the bulls just ran out of steam at the end of the week. 

Ethereum Classic: On the daily chart, you can see where the wave high of 7.675 lies. This look like it could be the potential target for the…

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