Classic Elliott Wave on ETC
Updated
ETC seems to have turned around and heading for where it rightly belongs. Currently on leg 5 we are likely to see an ABC correction at the 0.00245 BTC range. Remembering the rules of the Elliott Wave:
1) Wave 2 never retracts more than 100% of wave 1
2) Wave 3 cannot be the shortest of 1,3 or 5
3) Wave 4 does not overlap price territory of wave 1
1) Wave 2 never retracts more than 100% of wave 1
2) Wave 3 cannot be the shortest of 1,3 or 5
3) Wave 4 does not overlap price territory of wave 1
Comment
Comment
ETC has increased in value very nicely and followed a Classic Elliott Wave patter. It seems that ETC is now in the ABC Correction phase with price to drop to around 0.0022 BTC -1.51% after which we should continue with the upward trend to get to 0.285 BTC -1.51% in the next leg up by Friday 23 March.
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