Ethereum Classic ETC/USD is trading at the level of 26.11. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. A test of the broken edge of the Ichimoku Kinko Hyo Cloud is expected near 25.70, from which it is expected to attempt a rebound and continue growth with the target near the level of 31.00.
Ethereum Classic forecast & analysis on December 12, 2017
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 26.10. The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 23.70, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 31.50.
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