Ethereum Classic is a tough cookie, because it is in complicated & extended correction right now. No matter how i look at it, I don't see that ABC correction in this Falling Werge formation. Wave "B" can't have 5 waves no matter what, and guess what? 5 waves almost everywhere. One way to look at it is to anticipate that we are still in wave "A" and wave "B" will be soon enough. That Rising Wedge is almost finished. The bottom is at 78.60 Fibonacci level (clusters too). So I think that bottom and wave "E" of that Wedge will be at around $10, and right after that ETC will begin to climb upwards to wave "B".
ETC fell below major trendline 2 times already in short period of time. That support isn't there anymore, and that is another sign that ETC may go lower.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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