Ethereum Classic ETC/USD is trading at the level of 37.86. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines near 35.50 is expected, from which it is expected to attempt a rebound and continue growth with the aim near the level of 47.50. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel.
Ethereum Classic forecast & analysis on December 22, 2017
Earlier, a strong signal was received for buy of the Ethereum Classic crypto currency, due to the intersection of the signal lines at the level of 28.50. 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 close below the area of 31.50, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD is at the level breakdown at 41.10.
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