(1) (also shown in the previous post) in pink dotted lines had a false breakout to the downside on July 24, 2018 with price returning back inside the channel. A second attempt at breaking the channel to the downside occurred on July 31, 2018, with a break below the channel implying further movement to the downside for Ethereum Classic ( ETCUSD ).
Also, price action in this analysis from July 07, 2018 to current date is captured with a chart pattern which is ideally , albeit not 100% of the time.
This also supports the fact that price broke below the and so to expect Ethereum Classic bears to overwhelm the bulls.
Lack of price action closing below the , but instead closing above ~$17.04 would indicate a pattern failure for the which could result in higher prices for Ethereum Classic.
(2) Support region between ~$14.72 and $14.18 that is expected to offer support should Ethereum Classic close below ~$15.83. Price action moving below $15.83 could result in price targeting the lower support region i.e. (3) between ~13.21 and $12.24.