Ethereum Classic ETC/USD is trading at 24.29. 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 is expected near 25.00, from where it is worth to expect a rebound attempt and continue falling with the target near the 17.00 level.
Ethereum Classic forecast & analysis on December 26, 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 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 29.60, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 20.00.
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