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Short tf (4hr) analysis of Etherium classic

Etherium classic seems to have moved sold off from its previous high of $47.249 made on December 14 2017. The sell off shaped up as a WXY Elliot wavestructure. The move back in Etherium classic signifies either a resumption of a trend (bull) in Etherium classic or a 3w move back up. This implies a move back up in the price of Etherium classic.

POI = Point of invalidation at which point this analysis is no longer valid. Arrows are used to show the possible path of price movement.


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