Ethereum -0.10% classic has been in a descending wedge pattern from 14.01.2018 and since it has been correcting like crazy. I think this is a WXYXZ correction, and that we are in for another low to the primary target at 13,5$ or even lower to about 10$.
Wedge intersect the uptrend support line which was already been broken once, so I conclude that the downward pressure from the wedge is stronger, and that pattern will be respected more. I am expecting the price to hit the wedges support line again which would be the end of the current ABC correction and a wave Z. I have measured the length of wave A and projected onto wave C, which also left me to the target at around 10$.
View idea on tradingview:
https://www.tradingview.com/chart/ETCUSD/xLzqP0GJ-Ethereum-ETCUSD-classic-bearish-scenario/