Etherium classic seems to have moved sold off from its previous high of $47.249 made on December 14 2017. The sell off shaped up as a WXY Elliot wave structure. The move back in Etherium classic signifies either a resumption of a trend (bull) in Etherium classic or a 3w move back up. This implies a move back up in the price of Etherium classic.
POI = Point of invalidation at which point this analysis is no longer valid. Arrows are used to show the possible path of price movement.
POI = Point of invalidation at which point this analysis is no longer valid. Arrows are used to show the possible path of price movement.
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Disclaimer
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.