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 structure. 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POI = Point of invalidation at which point this analysis is no longer valid.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.