Ethereum Classic ETC/USD is trading at the level of 23.41. 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 24.20, 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 29, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing 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 to accelerate the fall in quotes ETC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 21.00.
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