Ethereum Classic ETC/USD is trading at 23.51. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near 24.00, whence we should expect a rebound attempt and continue falling with the target near the 16.00 level.
Ethereum Classic forecast & analysis on December 30, 2017
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, by crossing the signal lines at 23.30. 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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