Jack_Bauer
Short

ETC headed downward, $1.50?

BITFINEX:ETCUSD   Ethereum Classic / U.S. Dollar
Similar to what was shown in my bearish outlook on BITFINEX:BTCUSD , ETC has formed a macro bear flag that has been cleanly broken. The flag suggests 2 reasonable price targets:




Note 1: Stoch RSI suggests bulls have had their fun and the best they could muster was a flag. Continuation likely and expected.

Note 2: A break and close above ~$5.00 will prove this TA void.

Note 3: None of this is investment advice. This is for educational purposes only.


Got within ~$0.14 of target before bounce. Perhaps my box was slightly off.
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