This is just an observation, not a real technical analysis. I found it interesting (or amusing, if you like :) that each time ETC reached the peak around 16 EUR, it retraced all way down to 0.786 Fib level after app. 1 month - notice bottoms at the end of June and at the beginning of August. Will it hit 13 in September? Hope not, but will be interesting to check it in one month and see what the price will be.
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OK, this was quicker than expected.
