ETC - if willn't touch stop-lossThe most stable coin at the moment of the strongest fluctuation of Bitcoin -0.26% -0.63% , at the moment, like them, the other altcoins have actually fallen to their bottom. Based on the possible Fibo levels, we can assume that the price is now located directly at its stop-loss zone and you can enter into a Long trade when you start moving up. In general, if the level of 0.786 is touched, the losses will be minimal since the price does not move so far to the level, and taking into account the location of the nearest target, risk management is not justified. So far, I place the TP levels in accordance with the Fibo levels and a strong resistance zone . Most likely in the growth process there will still be a lot of adjustments regarding the TP, but for now I am inclined to follow this scenario. The nearest really strong event is scheduled for the end of this year. So we will look at the result closer to the winter holidays.
Etcmoon
Short tf analysis (4hr) of Etherium Classic.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POI = Point of invalidation at which point this analysis is no longer valid.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.