ETCUSD: Channel Down extension. Expect a new Low. Short.

ETC is extending the 1D Channel Down (RSI = 43.222, MACD = -0.260, B/BP = -0.1666) and based on its neutral Highs/Lows = 0.0000, it has priced a Lower High. This technically suggests that a Lower Low is imminent and should be on one of our target levels: 8.500, 8.000 and 7.700. Even if it breaks upwards, the 1W Falling Wedge (Highs/Lows = -1.2380) should reject ETCUSD below 11.800.