i have built a bear case for ETC/USD on this 4hr chart. we are still trending well below the 200 ema so i have to remain short term bearish. if btc pulls back i can see this defintely playing out. with 5 elliot waves down to the target and fibonacci confluence. it makes it hard to ignore that lower trendline as well.
hope this helps. good luck guys and gals. use those stop losses!
Excellent charting. We have a Channel Down targeting 8.500 initially:
rigorocks
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@InvestingScope, thank you very much.i have worked hard this year to master TA. ive only been trading 8 months so it means alot that someone respects my work. i do believe we will respect the channel in blue. we seem to be setting up 5 beautiful elliot waves inside that channel. the 5 waves down start at $11.75 i believe
my target was 8.50 as well, dont know why i put 8.60 lol