I expect a big correction to materialize somewhere between now and early next week. If we get an ATH double top, then we should see a sharp dive to the lower 1.40s (purple range). Otherwise, we might land somewhere between lower 1.30s and upper 1.20s (teal range). I recommend that we setup our Buy orders at these two ranges highligted in my chart. Good luck trading!
I'm still new to drawing those kind of patterns, so correct me if I'm wrong, thanks in advance :) But yeah that could be a scenario.
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
A significant downtrend has been broken today on the 4H, and MACD is looking hot. Could be the start of ETCs next push higher.