Ethereum Classic ETC/USD is trading at the level of 10.69. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud upper test is expected near the level of 10.95, from which it is expected to attempt a rebound and further fall with a target near the level of 10.25.
Ethereum Classic forecast & analysis on October 31, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 10.25. 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 11.50, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 10.00.
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