Analysis of previous high and looking at current levels to time next breakout - loosely based on Wyckoff principles.
There may be more sell offs coming to test the current low.
Alternatively, we have already seen this, and now we are in a low volume sell off which will result in immediate increase in price and an end of the sell off.
Two possibilities. If remains in current channel and unable to break out, its heading down below 5k before going back up. If it can breakout of the current channel, FOMO and big pumps will send it back up to15k before moving up further.
Now that it has broken out of its steep support channel, there is nothing holding ETC up, unless there is the long awaited Emerald Wallet release (which could be anytime).
Watch for when it breaks back up through this resistence, then buy cause it will fly. And who know what else is in store for ETC.
... Just not right now.