Found this ETCUSD ascending channel. Possibly due to the upcoming Ethereum Classic Summit (etcsummit.com/) November 13 and 14 in Hong Kong. Among other possible fundamental reason for the sudden rise is the inclusion of ETC in Exodus.
**NOTE** I am not an experienced trader. I am just an investor learning TA. So please, take it easy on me. DO NOT use my published ideas for making decisions. Recommendations are welcomed. Again, I am not an experienced trader. This is where I apply what I have learned about TA.
Cheers.
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Breakout below the lower trend line. However, its consolidating quickly after the B2X cancellation as most cryptos did. I went in at 10/50 and will hold to decide what to do in a few days. Good luck.
also i agree with your reasoning in terms of upcoming events