Ethereum Classic ETC/USD is trading at the level of 26.41. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 26.20, from which it is expected to attempt a rebound and continue growth with the target near the level of 32.50.
Ethereum Classic forecast & analysis on December 16, 2017
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 27.20. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 24.70, indicating a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 29.20.
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