200ema at 2h was resistance and we tested 100ema and again went down.
ETC should spend some time around .618 and should go up near .
Statistic (Bukowski's work) says that around 2/3 of inv HS goes up and 1/3 down (HS opposite, 2/3 down).
Target from HS is always lenght from Head to Neckline, so it is 0.00337 but it's good to trade with 60-70% of perfect target.
That's why reasonable target is 1.618 which is 0.00308k.
-XMR pump is sucking BTC from ETH, ETC, FCT , Dash and more coins. It makes harder to go up nother coins.
We saw today dumps at few coins with top poloniex list just to jump to catch XMR pump.
-My target is 308k or max 337k. ETC above 300k might show some fomo trading because of new psychological level 300ish not 200ish anymore. So if this is really inv HS and it will go up, sell area might be higher if people will trade fomo. Anyway, we must watch if RS is forming in way leading to neckline and end of our potential . If not we'll see chart and trade another patterns.
Good luck :)
Here's 4h 100ema test: