ETC/USDT making a small move on Poloniex

6 באוק׳ 2017

It looks like ETC is setting up for the 5th wave of an impulse move. There is a pretty strong area of value around $13 that could create significant resistance. Once it breaks that, it should hit at least $15.50. But because waves 1 and 3 are equal, there's a higher probability that wave 5 will go higher. It seems reasonable to me that it could hit $17-18. And if the market has a strong bullish surge (looking at you, Bitcoin) it could exceed $20, which wouldn't be shocking considering that's where it was just a month ago.

6 באוק׳ 2017

הערה

It bothers me that I have wave 4 overlapping wave 1. It is possible that I have miscounted the waves. This wave count does not have the overlap, has a more traditional extended 3rd wave, and also indicates ETC breaking $20: