ETCUSD performing another Elliot impulse cycle
ETC is likely driven by upcoming Callisto hardfork which is expected to happen on March 8th on block 5500000.
ETC USD performed a nice 0.618 retracement from 38.900 to 33.298. Now it is making wave 3 with targets 44.2 and 52.8. RSI on 4h chart is strong and supports movement.
Trade active
ETC is still heading towards wave 3 on 4h chart. Within wave 3 a new impulse wave seems to be forming. It should be possible to make some 5% or so. Our targets at 44.2 and 52.8 remain. Within we can expect some minor targets: 39.7 and 40.5. A small retracement of 3% should occur on rally to 44.2/55.8
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