$ETC may have another leg down to 20.00 area on 4h

9 May

Here on ETC, we can see a lot of down pressure on the 4h time frame

The 1st and 3rd targets was already achieved as is indicated over the numbered pink arrows as this targets were from the downtrend above

Now, it looks like a downtrend flag is forming inside the yellow area

This flag is giving us another 2 more down targets the coincide with the floor of yellow channel and another blue support down there

So here we have a lot of confluences that indicate this downward pressure will happen

As BTC is still going sideways and there is some form of cooling down this last days, is much plausible that ETC will have a final last drop on targets number 2 and number 4