Ethereum Classic ETC/USD is trading at 21.96. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The Ichimoku Kinko Hyo upper boundary test is expected near the area of 22.30, from which it is expected to attempt a rebound and continue falling with the target near the level of 14.50. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ethereum Classic forecast & analysis on February 10, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of signal lines at level 16.50. 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 23.50, indicating a change in the flat trend in favor of the bullish. Expect the acceleration of the decline in quotations ETC/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below the area of 14.00.
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