Photo by Jason Briscoe on Unsplash
 

Ethereum Classic (ETCUSD) chart made an impulsive five-wave rally back in July/August, followed by a three-wave A-B-C correction in September/October, which gives us a nice bullish setup formation from the Elliott wave perspective.

As you can see, ETCUSD may now have a completed A-B-C corrective pullback, nicely connected within the corrective channel range. It actually stopped perfectly at the former wave (4) and between 61,8% - 78,6% Fibonacci that comes at 20 support area. So, be aware now of a bullish continuation within a new five-wave bullish impulse that can send the price back to highs, just keep in mind that the first bullish evidence is only above the 1.35 region.

Happy trading!

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