Ethereum Classic ETC/USD is traded at the level of 27.94. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines near 29.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 20.20. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ethereum Classic forecast & analysis on December 24, 2017
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the intersection of the signal lines at the level of 32.70. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 32.60, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is at breakdown level 23.40.
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