Ethereum Classic ETC/USD is trading at the level of 25.66. 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 the Ichimoku Kinko Hyo signal lines near 25.80 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 18.50.
Ethereum Classic forecast & analysis on December 27, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic crypto currency, due to the intersection of the signal lines at the level of 24.50. 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 29.70, 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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