ETCUSD: All targets achieved. More downside potential.

All three 8.500, 8.000 and 7.700 targets have been accomplished after the violent push lower on 1D (RSI = 13.637) that even broke the 1W Falling Wedge formation (STOCHRSI= 0.000, Williams = -95.695). The price reached levels that we haven't seen since May 2017. Right now the monthly SMA100 calls for 3.4325 where MACD = 0.853 may support. Our long term shorting strategy on ETC has been completed here and we will update when we have evidence that its bearish cycle has hit a bottom.



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