Ethereum classic has been in a descending wedge pattern from 14.01.2018 and since it has been correcting like crazy. I think this is a WXYXZ correction, and that we are in for another low to the primary target at 13,5$ or even lower to about 10$. Wedge intersect the uptrend support line which was already been broken once, so I conclude that the downward pressure from the wedge is stronger, and that pattern will be respected more. I am expecting the price to hit the wedges support line again which would be the end of the current ABC correction and a wave Z. I have measured the length of wave A and projected onto wave C, which also left me to the target at around 10$.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.