ETC has retested after hitting previous ATH back in 2017-2018 and the same case may follow. We could see a retest to $36 USD and a bounce back to the ATH. If not we can expect to see a drop-down to the next support level which could be an opportunity to short.
At your own risk.
Note
We have broken through the first support and will hopefully see motion to retest support at $36
Note
We just had a close on 4h below .786 fib, which should indicate a short-term downtrend. It looks like we will meet the target at $36.
Trade closed: target reached
It reached the expected $36. Thank you all and please be sure to follow for more trade analysis.
Note
Be sure to look to see if we see a bounce to the upside or a continuation of this downward trend.
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