Looking at Ethereum Classic (ETCBTC) we have a falling wedge pattern that is yet to break.
We have two levels where this pattern can be completed.
(1) Reaching the 0.5 Fib. retracement level at 0.0007107.
(2) Reaching the 0.618 Fib. retracement level at 0.00006799.
The second level is normally the stronger support but prices can bounce anytime.
There is a 17% target mapped on the chart, short-term.
Mid and long-term there will much more growth.
Namaste.
We have two levels where this pattern can be completed.
(1) Reaching the 0.5 Fib. retracement level at 0.0007107.
(2) Reaching the 0.618 Fib. retracement level at 0.00006799.
The second level is normally the stronger support but prices can bounce anytime.
There is a 17% target mapped on the chart, short-term.
Mid and long-term there will much more growth.
Namaste.
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