Ethereum Classic ETC/USD is trading at 24.15. 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 25.25, from which it is expected to attempt a rebound and continue falling with the target near level 21.20.
Ethereum Classic forecast & analysis on December 8, 2017
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 29.50. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 27.50, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations ETC/USD is worth a breakdown of the level of 22.80.