SUMMARY
Ether Classic (ETC) made a very nice impulse waves as shown by white 1,2,3,4,5. And since Elliott Waves states that after a five wave impulse, there is a requisite three wave correction, ETC has been in this correction since May of this year when it hit a high of $26.62. This correction pattern is also forming a bullish flag as outlined by the two white lines.
It seems there is still a bit more correction to go as the red a,b,c label shows. This means ETC is in its terminal stage of the red wave c correction. Now, when is the best time to ladder in? At the terminal end of a wave c correction! Once the c wave is done, a sizable impulse wave set should take ETC to $49.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**