ETC was a market leader for a while so it makes sense for it to top out before everything else. Money made from this on the way up will also roll into other projects as well.
Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I believe this is a B wave up that has retested the highs. If it goes above the highs again then my count may be invalidated as we see an extended 5th. Looks like a safer short than a long here!
Looks like we've done a 5 wave impulse that has ended. The RSI of the 5th wave was higher than the 3rd but not by much. Close enough to call it a 'double top' - same with the price action. I believe this is a B wave up that has retested the highs. If it goes above the highs again then my count may be invalidated as we see an extended 5th. Looks like a safer short than a long here!