Ethereum Classic (CRYPTO: ETC), Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) were just a few of the popular cryptocurrencies consolidating on Tuesday. All three cryptos had a relative strength index (RSI) registering above 70% which put them into overbought territory and the consolidation was needed.
For technical traders, an extended RSI is a sell signal and some traders of the cryptos may have decided to sell some or all of their positions with…
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