Ethereum Classic needs no introduction this week. There are different schools of thought on price movement and Elliot Waves is a popular theory. If you look, you can find Elliott waves and corrective waves moving through the bull markets. I wanted to apply this to ETC to see where we migght end up on this run and tried to keep with the idea that the first wave is usually imperceptible.
So we see that based on the Elliott waves and based on the most recent correction, and based on the recent uptick in volume, that 112 can form support and be a springboard for a move to the $210 area. Elliott waves come in fives and we can argue about what constitutes a wave and what does not but I see a lot of similarities between recent corrections and this correction. If 112 can't hold, the next possible entry would be around 100.
(Not financial advice)
