Ethereum Classic ETC/USD is trading at 10.11. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The Ichimoku Kinko Hyo cloud is expected to test near the 10.20 level, from which it is expected to attempt a rebound and continue falling with the target near the level of 8.90. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ethereum Classic forecast & analysis on November 4, 2017
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 10.45. 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 10.70 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is with the breakdown of the level of 9.00.
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