etc $8.60 fib confluence

i have built a bear case for ETC/USD on this 4hr chart. we are still trending well below the 200 ema so i have to remain short term bearish. if btc pulls back i can see this defintely playing out. with 5 elliot waves down to the target and fibonacci confluence. it makes it hard to ignore that lower trendline as well.

hope this helps. good luck guys and gals. use those stop losses!

rigo