ETCUSD: Lower Low broken. Expect 8.100.

The 1D Channel Down (RSI = 30.854) is extending its decline on a standard bearish pace (Highs/Lows = -0.5356, B/BP = -1.0797), breaking the previous 9.040 Low. If this momentum is correctly capitalized, then the next Lower Low can extend towards 8.000. Even in the event of a break upwards, the 1W Falling Wedge (RSI = 35.465, Highs/Lows = -1.6694) exerts substantial selling pressure below 11.200. Our TP levels remain 8.500, 8.000 and 7.700.